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Apartments For Sale

Kennewick Ave, Kennewick, Washington 99336

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Property Description

MLS #283254. Discover a prime investment opportunity in downtown Kennewick with this landmark mixed-use property. Featuring retail space on the ground floor and five apartment units above, this building offers versatility and income potential. Currently generating a Net Operating Income (NOI) of $49,000 with a 6.12% cap rate, it is a fantastic value-add project for investors. Located in the vibrant Parkade area, this property benefits from high visibility and foot traffic, along with ample parking for tenants and customers. Built in 1945, the building spans 7,200 sq. ft. on a 0.09-acre lot. Don’t miss your chance to own this iconic property!

Basic Details
Property Type : Apartments
Listing Type : For Sale
Listing ID : 283254
Price : $800,000
Year Built : 1945
Lot Area : 0.09 Acre
Status : Active
Days On Market : 56
Address Map
Country : US
State : WA
County : Benton
City : Kennewick
Zipcode : 99336
Street : Kennewick Ave
Floor Number : 0
Longitude : W120° 52' 38.3''
Latitude : N46° 12' 31.9''
MLS Addon
Asking Price : 800000
Address Number : 322/324
Headline : DTK Mixed Use Retail & 5 Apartments
Listing Office 1 : 1016
Original Price : 800000
Photo Count : 13
Address : 322/324 W Kennewick Ave
Listing Type : Exclusive Right
Annual Taxes : 2577.94
Tax Year : 2023
Apartments For Sale
  • Listing ID : 283254
  • Lot Area : 0.09 Acre
$800,000
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