1420 S College Avenue Unit #3, College Place, WA 99324
- $980,000
- 4,101
- SqFt
Listing courtesy of Alta Homes.
- List Price
- $980,000
- Status
- ACTIVE
- MLS#
- 2509706
- Price Change
- ▼ $220,000 1782596741
- Days on Market
- 103
- Style
- 53 - Tri-plex
- Finished SqFt
- 4,101
- Area Total SqFt
- 4101
- Annual Tax Ammount
- 7190
- Internet Provider
- Spectrum
- Lot Size (sq ft)
- 84,119
- Sewer
- Sewer Connected
Property Description
Unique opportunity to own side by side level lots, 2 homes = 3 rental units, 1.92 total acres within city limits of College Place. Home 1: 3bed/2ba @ 1420 College Ave, Home 2-ADU Duplex @ 1424 College Ave: Unit 1 = 1bed/1ba, Unit 2 = 1bed/1ba. Current total rental income $3700/M. Sitting at the south end of town at the top of the hill, this opportunity boasts a partial view of the southern valley and beautiful Blue Mountains in the distance. Easy walk to bus line, Andy’s Grocery or Walmart. Retain current rental tenants, use for multi-generational purposes or research buyer options for future multi-family development. Plenty of room for RV parking. Please do not disturb tenants. Interior viewing will be honored with an accepted offer. Double listing MLS #2505410.
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Additional Information
- List Date
- 2026-04-17 16:39:13
- Community
- College Place
- Net Operating Income
- $24,319
- Gross Adjusted Income
- $44,400
- Gross Scheduled Income
- $44,400
- Total Monthly Income
- $3,700
- Insurance Expenses
- $3,150
- Water/Sewer/Garbage Expenses
- $6,540
- Gross Rent Multiplier
- 27
- Total Expenses
- $20,081
- Cap Rate
- 2
- Total Number of Units
- 3
- Unit Name
- 1420
- Potential Terms
- Cash, Conventional, Rehab Loan
- Year Built
- 1977
- View
- Mountains, Partial
- Roof
- Composition
- Site Features
- RV Parking
- Electric Expenses
- 1440
- Other Expenses
- 741
- Energy Source
- Electric, Natural Gas, Wood
- School District
- College Place
- Elementary School
- Davis Elem
- Middle School
- John Sager Mid
- High School
- College Place High School
- Total Monthly Income
- $3,700
- Gross Scheduled Income
- $44,400
- Gross Adjusted Income
- $44,400
- Tax Year
- 2025
- Insurance Expense
- $3,150
- W/S/G Expenses
- $6,540
- Total Expenses
- $20,081
- Net Operating Income
- $24,319
- Gross Rent Multiplier
- 27
- Cap Rate
- 2
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.