1603 Mahan Avenue

1603 Mahan Avenue, Richland, WA 99354

  • For Sale $1,540,000
  • Property Type Multi-Family
  • Property Size 5,387 SF
  • Units 5
  • Additional Rent Contact for pricing
  • Date Updated Dec 3, 2024
North on George Washington Way, Left on Aaron Drive.Opportunity to acquire the Richland Residential Portfolio (RRP), a collection of five fully leased residential properties located in Richland, Washington. These properties present an exceptional investment for those looking to secure a stabilized income-generating asset with significant potential for growth. With a proven track record of strong occupancy, long-term tenants, and under-valued rental rates, the portfolio offers both immediate cash flow and future upside. Proforma Rents are at $99k for the Portfolio with a Net Operating Income of $82k. 5.35% CAP rate, $285/SF or $308k per door. All 5 properties are within 1 mile of each other and takes 10 minutes to drive the portfolio making it easy to Manage. Must purchase entire portfolio, will not break up individually. Call LA for more information and Do Not Disturb tenants. A. 1603 Mahan Ave B. 1209 Winslow Ave C. 704 Birch Ave D. 2305 Concord Street E. 312Adams
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Highlights

  • 5 Rental Properties Sold Together:
  • A. 1603 Mahan Ave
  • B. 1209 Winslow Ave
  • C. 704 Birch Ave
  • D. 2305 Concord Street
  • E. 312 Adams

Contacts

broker
Derrick Stricker CCIM SIOR

StrickerCRE

Location

Getting Around

  • Walk Score ®

    49/100 Car-Dependent

  • Transit Score ®

    36/100 Some Transit

  • Bike Score ®

    54/100 Bikeable
Powered by Walk Score ®
  • City Richland, WA
  • Zip Code 99354
  • Market Tri Cities

Points of Interest

  • 7-Eleven

    0.36 miles

  • 76

    0.53 miles

  • Chevron

    0.55 miles

  • Circle K

    0.63 miles

  • Shell

    0.69 miles

  • Pacific Pride

    0.73 miles

  • Conoco

    1.24 miles

  • Fred Meyer

    2.22 miles

  • Greenlots

    2.62 miles

  • enel x

    4.51 miles

  • Ben-Franklin Transit Park & Ride Lot

    0.89 miles

  • Lewis and Clark Elementary School Parking Lot

    1.69 miles

  • Chamna West

    2.49 miles

  • Chamna

    2.64 miles

  • Chamna East

    2.83 miles

  • Tulip Lane Park & Ride

    2.89 miles

  • Yakima Delta

    3.65 miles

  • Westgate Trailhead

    4.46 miles

  • Park and Ride

    4.56 miles

  • Columbia Park West Marina

    5.03 miles

  • Richland Inn & Suites

    0.91 miles

  • Homewood Suites

    1.08 miles

  • Holiday Inn

    1.29 miles

  • Hampton

    1.72 miles

  • Riverfront Hotel

    1.93 miles

  • The Lodge at Columbia Point

    2.68 miles

  • Home2 Suites

    2.95 miles

  • Sleep Inn

    3.36 miles

  • PNNL Guesthouse/ User Housing Facility

    3.54 miles

  • Motel 6

    5.14 miles

  • Domino's

    0.52 miles

  • Bruch's Cheesesteaks and Subs

    0.54 miles

  • Little Caesars

    0.57 miles

  • La Bella Vita Kitchen & Bar

    0.58 miles

  • Moon Palace Restaurant

    0.59 miles

  • Papa John's

    0.61 miles

  • Dovetail Joint

    0.61 miles

  • Hot Tamales

    0.61 miles

  • DQ Grill & Chill

    0.62 miles

  • Woo's Teriyaki

    0.64 miles

  • Chief Joseph Middle School

    0.32 miles

  • Jason Lee Elementary School

    0.38 miles

  • Jefferson Elementary School

    0.67 miles

  • Christ the King School

    0.76 miles

  • Liberty Christian School

    0.85 miles

  • Sacajawea Elementary School

    1.10 miles

  • Richland High School

    1.13 miles

  • Marcus Whitman Elementary School

    1.43 miles

  • Carmichael Junior High School

    1.46 miles

  • River's Edge High School

    1.54 miles

  • The Kid Zone

    0.40 miles

  • Kadlec Child Care Center

    0.88 miles

  • West Side Preschool

    1.42 miles

  • Kid's World Childcare

    1.88 miles

  • Kid's World

    3.17 miles

  • Keene Childcare

    3.25 miles

  • Kid Space Preschool Early Learning Academy

    3.56 miles

  • Rainbow River Childcare

    5.51 miles

  • Sweet Pea Academy

    7.32 miles

  • Explore & Learn

    7.93 miles

Frequently Asked Questions

How much does 1603 Mahan Avenue cost?

The space currently listed for sale at 1603 Mahan Avenue asks for $1,540,000.

What is the total square footage of 1603 Mahan Avenue?

1603 Mahan Avenue totals 5,387 square feet.

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Contact Listing Broker
broker
Derrick Stricker CCIM SIOR

StrickerCRE