1603 Mahan Ave, Richland, WA 99354
Local realty services provided by:ERA Skyview Realty
1603 Mahan Ave,Richland, WA 99354
$1,485,000
- 14 Beds
- - Baths
- 5,387 sq. ft.
- Multi-family
- Active
Listed by: derrick stricker, jazmine murillo
Office: strickercre
MLS#:280420
Source:WA_PRMLS
Price summary
- Price:$1,485,000
- Price per sq. ft.:$275.66
About this home
MLS# 280420 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 AveB. 1209 Winslow AveC. 704 Birch AveD. 2305 Concord StreetE. 312 Adams
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Home facts
- Year built:1948
- Listing ID #:280420
- Added:352 day(s) ago
- Updated:November 15, 2025 at 05:21 PM
Rooms and interior
- Bedrooms:14
- Living area:5,387 sq. ft.
Structure and exterior
- Year built:1948
- Building area:5,387 sq. ft.
Finances and disclosures
- Price:$1,485,000
- Price per sq. ft.:$275.66
- Tax amount:$2
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