How do cap rates compare for multi-family in Kennewick?

Cap rates average 7.1%, competitive for the region due to low vacancy at 5%. Demand from migrants and students keeps properties occupied. Investors see balanced risk with growing population.

What drives rental demand in Kennewick?

Major employers and college enrollment create diverse tenant pools. Average rents at $1,450 reflect 4% yearly growth. Infrastructure upgrades further boost desirability.

Is Kennewick a good market for multi-family cash flow?

Yes, with average cash flow near $1,850 monthly per unit. High renter share and economic stability minimize vacancies. Tourism supplements income potential.

Multi Family Investment Properties for Sale in Kennewick, WA

Property at The Pines - Build On Your Land Plan, Mid Columbia Valley - Build On Your Own Land - Design Center, Kennewick, WA

3 Bed
2 Bath
2386 sft

The Pines - Build On Your Land Plan, Mid Columbia Valley - Build On Your Own Land - Design Center, Kennewick, WA, 99336

Property at 1614 W 6th Ave #A & B, Kennewick, WA

4 Bed
2 Bath
1991 sft

1614 W 6th Ave #A & B, Kennewick, WA, 99336

Property at 2206 W 13th Ave, Kennewick, WA

4 Bed
2 Bath
1801 sft

2206 W 13th Ave, Kennewick, WA, 99337

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Why Invest in Kennewick, Washington?

Multi-family properties in Kennewick, WA offer strong investment potential with steady rental demand. The area features a **rental yield** around 6.2% and **cap rates** of 7.1%, driven by population growth in the Tri-Cities region. **Average rents** hold at $1,450 monthly, supported by **65% renter occupancy** and modest appreciation. Economic stability from major employers enhances cash flow reliability for investors. Low vacancy supports consistent returns in this growing market.

8.5%

Avg. ROI

6.2%

Rental Yield

7.1%

Cap Rate

$1850/mo

Avg. Cash Flow

$1450/mo

Avg. Rent

1.8%

1Y Appreciation

Frequently Asked Questions

Kennewick's 65% renter occupancy and 6.2% rental yields provide reliable cash flow. Steady job growth from Hanford Site supports tenant stability. Modest appreciation around 1.8% adds long-term value.

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What makes multi-family investing strong in Kennewick?

How do cap rates compare for multi-family in Kennewick?

What drives rental demand in Kennewick?

Is Kennewick a good market for multi-family cash flow?

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