Updated Duplex with Fenced
For Sale
Contact for pricing
706 Benham, Richland, WA 99352
Updated duplex with hard-surface flooring, a finished basement, off-street parking, and a fenced backyard with storage shed.
Property Size1,730 SF
Price / SF$1.10
Days on Market88
Property Features for 706 Benham
General Information
Standard status
Active
Size
1,730 SF
Property subtype
Multi-Family
Amenities
hard surface flooring
updated cabinetry
kitchen pantry
bonus room
washer/dryer hook-ups
central heating
wall A/C
fully fenced backyard
storage shed
underground sprinkler system
Building Details
Year Built
1944
Listing Agency:
Dk Bain Real Estate, Inc
Listed By:
Pamela Caldwell
(509) 949-1771
Source:
Searchresultsrealtygroup
Added: Jul 22
Changed: Sep 9
Last Checked: Aug 29 at 11:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dk Bain Real Estate, Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex offers 1,730 square feet of updated living space with three bedrooms and two bathrooms. Hard-surface flooring extends throughout the home, while central heating and wall A/C support year-round comfort. The kitchen includes updated countertops, cabinetry, and a pantry, and the finished basement adds a bonus room, second bathroom, and washer/dryer hookups.
Exterior features include a fully fenced backyard, storage shed, underground sprinkler system, and off-street parking. Built in 1944, the property combines an established structure with updates to the interior and practical outdoor improvements.
Exterior features include a fully fenced backyard, storage shed, underground sprinkler system, and off-street parking. Built in 1944, the property combines an established structure with updates to the interior and practical outdoor improvements.
Key Highlights
- 1,730 square feet with 3 bedrooms and 2 bathrooms
- Finished basement with bonus room, second bathroom, and laundry hookups
- Updated kitchen with countertops, cabinetry, and pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,329
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,580
$266.6K
Cap Rate 7%
$190,414
$190.4K
Cap Rate 9%
$148,100
$148.1K
Market Conditions
NOI Build-Up for 1,730 SF
Gross rent
$26.6K $15.36/SF
− Vacancy
−$2.3K −$1.35/SF
EGI
$24.2K $14.01/SF
− OpEx
−$10.9K −$6.30/SF
NOI
$13.3K $7.70/SF
Area
Benton County, WA
Vacancy
8.80%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,580
Cap Rate 7%
$190,414
Cap Rate 9%
$148,100
Alternative Uses
Best Use
Multifamily LT 5
$215.0K
$188.1K – $250.8K
NOI $15,048 @ 7.0% cap · market cap 794.09%
Second Best
Apartment 5plus
$190.4K
$166.6K – $222.2K
NOI $13,329 @ 7.0% cap · market cap 703.38%
Theoretical Best
Office A
$479.8K
$419.9K – $559.8K
NOI $33,589 @ 7.0% cap · market cap 1,772.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Explore this area
Business Placement
Demographics for 99352, WA
35,762
Population
15,522
Households
2.3
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
24.0 sq mi
ZIP Area
1,490
Density / Sq Mi
$96,875
Median Household Income
$65,348
Median Earnings
$1,457
Median Rent
$442,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with hard-surface flooring, a finished basement, off-street parking, and a fenced backyard with storage shed.
Where is this duplex located?
The property is located at 706 Benham Richland, WA.
What are key features of this property?
This property features: 1,730 square feet with 3 bedrooms and 2 bathrooms; Finished basement with bonus room, second bathroom, and laundry hookups; Updated kitchen with countertops, cabinetry, and pantry
