Furnished Duplex Near
For Sale
$950,000
A-302 Desert Aire Dr Sw, Mattawa, WA 99349
Two furnished residences feature vaulted ceilings, granite counters, custom cabinetry, and covered decks for outdoor living.
Property Size3,381 SF
Lot Size0.47 Acres
Price / SF$280.98
Days on Market173
Property Features for A-302 Desert Aire Dr Sw
General Information
Standard status
Active
Size
3,381 SF
Lot size
0.47 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$4,632
Amenities
covered decks
garage
Listing Agency:
Diamond Real Estate
(509) 899-9504
Listed By:
Sinden Harum · License #83409
(509) 899-9504
Source:
Exprealty
Added: Mar 12
Changed: Aug 31
Last Checked: Aug 31 at 2:23AM
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 Diamond Real Estate
Investment Insights
Based on property information with market context.
This furnished duplex includes two separate 3-bedroom, 2-bath residences with a combined 3,381 square feet. Both homes feature vaulted ceilings, granite countertops, custom cabinetry, premium finishes, large covered decks, and individual garages. The property occupies a .47-acre lot with room for RV parking, boats, golf carts, and other recreational equipment.
Located at A-302 Desert Aire Dr SW in Mattawa, the duplex sits across from the community pool, gym, and park, with the Priest Rapids Recreation Area and boat launch nearby. Desert Aire amenities include an 18-hole PGA golf course, 5,000-square-foot swimming pool, clubhouse, fitness center, community beach, tennis courts, dog park, boat launch, and year-round events. The property supports vacation living, multifamily use, or rental use with private accommodations in each residence.
Located at A-302 Desert Aire Dr SW in Mattawa, the duplex sits across from the community pool, gym, and park, with the Priest Rapids Recreation Area and boat launch nearby. Desert Aire amenities include an 18-hole PGA golf course, 5,000-square-foot swimming pool, clubhouse, fitness center, community beach, tennis courts, dog park, boat launch, and year-round events. The property supports vacation living, multifamily use, or rental use with private accommodations in each residence.
Key Highlights
- Two 3‑bedroom, 2‑bath residences totaling 3,381 square feet
- Fully furnished units with vaulted ceilings, granite countertops, and custom cabinetry
- Large covered decks and a garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,603
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$592,060
$592.1K
Cap Rate 7%
$422,900
$422.9K
Cap Rate 9%
$328,922
$328.9K
Market Conditions
NOI Build-Up for 3,381 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.2K $13.67/SF
− Vacancy
−$3.9K −$1.16/SF
EGI
$42.3K $12.51/SF
− OpEx
−$12.7K −$3.75/SF
NOI
$29.6K $8.76/SF
Area
Grant County, WA
Vacancy
8.50%
Lease Rate
$13.67 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$592,060
Cap Rate 7%
$422,900
Cap Rate 9%
$328,922
Alternative Uses
Best Use
Multifamily LT 5
$422.9K
$370.0K – $493.4K
NOI $29,603 @ 7.0% cap · market cap 3.12%
Second Best
Apartment 5plus
$406.2K
$355.5K – $473.9K
NOI $28,436 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$734.5K
$642.7K – $856.9K
NOI $51,413 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 99349, WA
7,960
Population
2,754
Households
2.9
Avg Household Size
28
Median Age
13%
College-Educated
54%
High-School Grad
267.4 sq mi
ZIP Area
30
Density / Sq Mi
$62,851
Median Household Income
$28,864
Median Earnings
$1,181
Median Rent
$409,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two furnished residences feature vaulted ceilings, granite counters, custom cabinetry, and covered decks for outdoor living.
Where is this duplex located?
The property is located at A-302 Desert Aire Dr Sw Mattawa, WA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bath residences totaling 3,381 square feet; Fully furnished units with vaulted ceilings, granite countertops, and custom cabinetry; Large covered decks and a garage for each residence
