6721 W Kennewick Ave, Kennewick, WA 99336
- $2,250,000
- 9,900
- SqFt
Listing courtesy of Real Broker LLC.
- List Price
- $2,250,000
- Status
- ACTIVE
- MLS#
- 2555513
- Days on Market
- 11
- Style
- 56 - 10+ Units
- Finished SqFt
- 9,900
- Area Total SqFt
- 9900
- Annual Tax Ammount
- 9873
- Lot Size (sq ft)
- 30,470
- Sewer
- Sewer Connected
Property Description
Heritage Manor at 6721 W Kennewick Ave, Kennewick, WA 99336 is a rare opportunity to acquire a stabilized, turnkey 10-unit apartment community in the heart of the fast-growing Tri-Cities market. This well-maintained asset features ten spacious townhouse-style residences, each offering 2 bedrooms, 1.5 baths, central air conditioning, washer/dryer hookups, and private fenced backyards—an amenity package that stands out in the submarket. Originally built in 1978 and extensively renovated in 2024, the property has benefited from approximately $300,000 in recent capital improvements, including upgraded interiors, fresh exterior paint, enhanced lighting, parking lot repairs, and new privacy fencing. With a history of 100% occupancy and minimal delinquency, Heritage Manor offers immediate cash flow backed by durable renter demand. Positioned in one of Washington’s strongest growth corridors, the property is surrounded by major employers, ongoing industrial expansion, and a supply-constrained rental market. Heritage Manor combines proven performance, modern upgrades, and long-term upside in a market where quality rental housing continues to outperform.
Additional Information
- List Date
- 2026-07-15 23:14:13
- Community
- Kennewick
- Net Operating Income
- $120,779
- Gross Adjusted Income
- $163,572
- Gross Scheduled Income
- $172,182
- Total Monthly Income
- $21,126
- Insurance Expenses
- $2,173
- Water/Sewer/Garbage Expenses
- $4,796
- Gross Rent Multiplier
- 13.07
- Total Expenses
- $76,892
- Cap Rate
- 5.37
- Vacancy Rate
- 5
- Total Number of Units
- 1
- Unit Name
- 6721
- Potential Terms
- Cash, Conventional
- Year Built
- 1978
- Roof
- Composition
- Electric Expenses
- 4796
- Other Expenses
- 50458
- Energy Source
- Electric
- School District
- Kennewick
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $21,126
- Gross Scheduled Income
- $172,182
- Vacancy Rate
- 5
- Gross Adjusted Income
- $163,572
- Tax Year
- 2026
- Insurance Expense
- $2,173
- W/S/G Expenses
- $4,796
- Total Expenses
- $76,892
- Net Operating Income
- $120,779
- Gross Rent Multiplier
- 13.07
- Cap Rate
- 5.37
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.