CLOSED: 21st Ave 4plex

1810 W 21st Ave, Kennewick, WA 99337

Beautifully maintained Fourplex in Kennewick. The property offers rare and spacious 3-bedroom, 2-bathroom units. These units are hard to come by in the Tri-Cities, so units fill up quickly and stay full, commanding higher rental rates than other fourplexes in town.

This is a fantastic investment opportunity for any multi-family investor looking to place capital in a stable, cash-flowing asset. Proforma rental rates have been achieved in one unit, proving the ability to increase remaining units to market rate.

Investment Opportunity

Day 1 Cashflow

  • Based on historical operating and current rents
  • Investors could achieve high single-digit cash on cash returns


Value-Add Options

  • Proven market rents in one unit
  • Increase remaining 3 units to market-rate rents
  • Renegotiate property management fee down from 9% (current) to 5% (proforma)


Ideal Unit Mix

  • Large 3-bedroom, 2-bathroom units (1,120 SF each)
  • Highly sought-after unit type for Tri-Cities renters
  • Commands higher rental rates, boosts NOI, and eliminates vacancy

  Mason Fiascone

  Multi-family Advisor

  Mobile: (509) 221-9354


Executive Highlights

Sale Price: $590,000 (+$15k over asking)

4 spacious income-producing units

3-bedroom, 2-bathroom unit mix

2 recently renovated unit interiors

In-place cash flow opportunity day 1

Proven rent at market rate with one unit

Opportunity for utility bill-back and additional income sources

Beautiful and quiet residential street location

Off-street parking next to building

Dedicated yard space for bottom-floor tenants

Private balcony for top-floor tenants

Renovations completed in neighboring apartments, showing within the path of growth


  Mason Fiascone

  Multi-family Advisor

  Mobile: (509) 221-9354



  Mason Fiascone

  Multi-family Advisor

  Mobile: (509) 221-9354


PACMLS #251367

CBA #635477