307 W Kennewick Ave
Property Description
MLS# 297161 Bateman Building in downtown Kennewick: a two-story mixed-use investment with 24 apartments (19 one-bedroom units and five studios) and three commercial tenancy spaces. Offered at $6,250,000. Reported building area is 27,691 SF on approximately 0.72 acres, with CBD zoning and approximately 35 private parking spaces, based on the 2025 appraisal. Seller reports a 2019 roof replacement and updates to eight apartments over the past five years. Preliminary offering memorandum available. Buyer to verify areas, legal unit count, parking, zoning, permitted uses, condition, leases and financials. Showings by appointment, subject to tenant coordination. Seller reports 311 W Kennewick Ave is rented to a small commercial tenant using the space once weekly (about four times monthly), while a longer-term tenant is sought, subject to existing tenant rights.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $6,250,000 |
| No. of Units: | 24 |
| Year Built: | 1940 |
| Lot Size: | 27,691.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $260,417 |
| Property Website | Click Here |
| Number of Bedrooms: | 24 |
| Number of Bathrooms: | 6 |
ID: 3yd-PACMLSWA-297161
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
4107 SE HOLGATE Blvd
Portland, Oregon
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout