About 1616 W 4th Place
1616 W 4th Place is a rare multi-unit property in central Kennewick. It sits on a 0.79-acre corner lot with six buildings: five rental units, a detached shop and extra garage. Every unit is leased and professionally managed. 1616 W 4th Pl: 3 bed, 2 bath single-family home, 1,408 sq ft, with a 2-car garage. It has vinyl windows, central HVAC, uses a standard 50 gal WH and underground sprinklers. It comes with a 658 sq ft detached shop that has a half bath, gas furnace, water heater and drive-through access. 1601 W 4th Ave duplex: Unit A is 2 bed, 1 bath, 1,200 sq ft, with a 2-car garage. Unit B is 3 bed, 1 bath, 1,500 sq ft, with a carport. 408 S Quincy St: 2 bed, 1 bath home, 800 sq ft, with its own detached 2-car garage. 1602 W 4th Pl: 346 sq ft studio cottage with 1 bath. The property has 11 bedrooms and 5,254 sq ft of living space in total, plus plenty of off-street parking. At $750,000, it's priced well below the 2026 assessed value of $890,530, which works out to $150K per unit. That's hard to find in the Tri-Cities for an investor who wants income from day one.
