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(206) 607-2575
Real Estate Company
5801 Road 92, Pasco, WA 99301
- $9,700,000
- 40,572
- SqFt
Listing Broker: Lybbert Fielding Real Estate; Cody Fielding; 509-492-8611; cody@lfre.com
- List Price
- $9,700,000
- Status
- ACTIVE
- MLS#
- 2594995
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 40,572
- Area Total SqFt
- 40572
- Annual Tax Ammount
- 59293
- Lot Size (sq ft)
- 83,200
- Sewer
- Sewer Connected
Property Description
Vintage Park is a turnkey, stabilized 28-unit multifamily investment property in the growing Tri-Cities market. Built in 2024, the property consists of seven fourplex buildings featuring spacious, two-story townhomes, each offering 3 bedrooms, 2.5 bathrooms, 1,449 finished square feet, and an attached garage. Each residence features modern finishes, private laundry, a fenced backyard, and dedicated parking. The property offers four parking spaces per unit and has demonstrated strong rental demand, with a trailing 12-month vacancy rate of just 2.6%. Conveniently located in West Pasco near shopping, dining, schools, and major transportation corridors, Vintage Park is also just 0.7 miles from the planned 1,200-acre Broadmoor mixed-use development. With newer construction, strong occupancy, established property management, and minimal deferred maintenance, Vintage Park offers investors immediate cash flow and long-term growth potential. Seller is a licensed real estate broker in Washington State.
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Additional Information
- Community
- Pasco
- Net Operating Income
- $547,609
- Gross Adjusted Income
- $744,967
- Gross Scheduled Income
- $765,091
- Total Monthly Income
- $66,093
- Insurance Expenses
- $9,026
- Water/Sewer/Garbage Expenses
- $26,092
- Gross Rent Multiplier
- 239.08
- Total Expenses
- $197,358
- Cap Rate
- 5.65
- Vacancy Rate
- 3
- Unit Name
- 5801
- Potential Terms
- Cash, Conventional
- Year Built
- 2024
- Roof
- Composition
- Electric Expenses
- 3090
- Other Expenses
- 99857
- Energy Source
- Electric
- School District
- Pasco
- Total Monthly Income
- $66,093
- Gross Scheduled Income
- $765,091
- Vacancy Rate
- 3
- Gross Adjusted Income
- $744,967
- Tax Year
- 2026
- Insurance Expense
- $9,026
- W/S/G Expenses
- $26,092
- Total Expenses
- $197,358
- Net Operating Income
- $547,609
- Gross Rent Multiplier
- 239.08
- Cap Rate
- 5.65
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.