996 SE Admiral Place, College Place, WA 99324
- $700,000
- 3,987
- SqFt
Listing courtesy of Alta Homes.
- List Price
- $700,000
- Status
- ACTIVE
- MLS#
- 2543671
- Days on Market
- 35
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 3,987
- Area Total SqFt
- 3987
- Annual Tax Ammount
- 6976
- Internet Provider
- Spectrum
- Lot Size (sq ft)
- 12,970
- Sewer
- Sewer Connected
Property Description
Excellent income-producing triplex opportunity! This turn-key property is ready to rent and start generating cash flow immediately. Two above-ground units feature spacious kitchens, private in-unit laundry, spacious living areas (one with gas fireplace) and views of the Blue Mountains. Basement unit offers an impressive amount of living space with large closets for abundant storage and oversized egress windows in bedrooms. Located in desirable neighborhood with large fenced yards for privacy and outdoor living spaces with room for entertaining, play and gardening. Off-street parking includes single-car garage for main floor units plus 2 additional parking spaces. With strong tenant appeal, generous amenities, ample parking, and private outdoor areas, this turnkey triplex is an outstanding addition to any investment portfolio or owner-occupant strategy of offsetting your mortgage by living in one unit while renting the others.
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Additional Information
- List Date
- 2026-06-23 16:29:13
- Community
- College Place
- Net Operating Income
- $28,808
- Gross Adjusted Income
- $50,784
- Gross Scheduled Income
- $55,200
- Total Monthly Income
- $4,600
- Insurance Expenses
- $8,400
- Water/Sewer/Garbage Expenses
- $4,200
- Gross Rent Multiplier
- 12.68
- Total Expenses
- $21,976
- Cap Rate
- 4.1
- Vacancy Rate
- 8
- Total Number of Units
- 3
- Unit Name
- 996
- Potential Terms
- Conventional, FHA, USDA Loan, VA Loan
- Year Built
- 1994
- View
- Mountains
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, RV Parking, Sprinkler System
- Other Expenses
- 2400
- Energy Source
- Electric, Natural Gas
- School District
- College Place
- Elementary School
- Meadow Brook Sch
- Middle School
- John Sager Mid
- High School
- College Place High School
- Total Monthly Income
- $4,600
- Gross Scheduled Income
- $55,200
- Vacancy Rate
- 8
- Gross Adjusted Income
- $50,784
- Tax Year
- 2026
- Insurance Expense
- $8,400
- W/S/G Expenses
- $4,200
- Total Expenses
- $21,976
- Net Operating Income
- $28,808
- Gross Rent Multiplier
- 12.68
- Cap Rate
- 4.1
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.