Updated Triplex with Large
804 S Olympia St, Kennewick, WA 99336
For Sale
$522,500
Vacant three-unit property with updated interiors, private kitchens, and shared fenced outdoor space.
Property Size2,077 SF
Lot Size0.40 Acres
Price / SF$251.56
Days on Market55
Property Features for 804 S Olympia St
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Building Details
Year Built
Buildings
Listing Agency:
Century 21-Tri-Cities
Listed By:
Pamela Caldwell
(509) 949-1771
Source:
Searchresultsrealtygroup
Added: Sep 14
Changed: Oct 31
Last Checked: Oct 12 at 7:20PM
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 Century 21-Tri-Cities
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Investment Insights
Based on property information with market context.
This Kennewick triplex contains 2,077 square feet across two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. All three residences are vacant and include full kitchens plus washer and dryer hookups. Improvements include updated flooring, carpet, plumbing, appliances, cabinets, countertops, blinds, windows, and doors. The property was built in 1954 and is configured for flexible owner occupancy or leasing of the full building.
The 0.40-acre parcel includes a fully fenced backyard with shared outdoor space. Its location at 804 S Olympia St places the property minutes from freeway access, shopping, dining, and everyday amenities. A large lot may support consideration of an ADU or expansion, subject to city requirements and buyer verification.
The 0.40-acre parcel includes a fully fenced backyard with shared outdoor space. Its location at 804 S Olympia St places the property minutes from freeway access, shopping, dining, and everyday amenities. A large lot may support consideration of an ADU or expansion, subject to city requirements and buyer verification.
Key Highlights
- Three‑unit layout with two 2‑bedroom, 1‑bath residences and one 1‑bedroom, 1‑bath residence
- 2,077 square feet on a 0.40‑acre lot
- Vacant property with full kitchens and washer/dryer hookups in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,067
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,340
$361.3K
Cap Rate 7%
$258,100
$258.1K
Cap Rate 9%
$200,744
$200.7K
Market Conditions
NOI Build-Up for 2,077 SF
Gross rent
$28.2K $13.56/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$25.8K $12.43/SF
− OpEx
−$7.7K −$3.73/SF
NOI
$18.1K $8.70/SF
Area
Benton County, WA
Vacancy
8.36%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,340
Cap Rate 7%
$258,100
Cap Rate 9%
$200,744
Alternative Uses
Best Use
Multifamily LT 5
$258.1K
$225.8K – $301.1K
NOI $18,067 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$228.6K
$200.0K – $266.7K
NOI $16,002 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$576.1K
$504.1K – $672.1K
NOI $40,326 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 99336, WA
51,127
Population
20,915
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
85%
High-School Grad
13.4 sq mi
ZIP Area
3,815
Density / Sq Mi
$63,308
Median Household Income
$38,211
Median Earnings
$1,155
Median Rent
$292,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Vacant three-unit property with updated interiors, private kitchens, and shared fenced outdoor space.
Where is this triplex located?
The property is located at 804 S Olympia St Kennewick, WA.
What is the asking price?
The asking price for this property is $522,500.
What are key features of this property?
This property features: Three‑unit layout with two 2‑bedroom, 1‑bath residences and one 1‑bedroom, 1‑bath residence; 2,077 square feet on a 0.40‑acre lot; Vacant property with full kitchens and washer/dryer hookups in every unit
