1603MAHAN Ave Ave Richland, WA 99354
Property details
About 1603MAHAN Ave Ave
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
Highlights
Summary
- Total Bedroom Count: 14
- List Price: $1,485,000
- Year Built: 1948
- MLS Number: 280420
- MLS Name: PacificRegionalMLS
- Office Name: StrickerCRE
- Listing Agent: Derrick Stricker, Jazmine Murillo
© 2025 Pacific Regional MLS (PACMLS). All rights reserved. All information herein is provided by third parties and is deemed generally reliable, but is not guaranteed and should be independently verified. Measurements and other detailed information are assumed approximate only. The PACMLS shall not be liable in any way to any party for any inaccuracies, errors or omissions in the material and information provided herein, or any resulting claims, whether for delays or damages, or otherwise. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2025, 9:15:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,485,000
1603MAHAN Ave Ave
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Price information
Property sales
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Nearby schools
7
White Bluffs Elementary School
Public District KG-5
1.7 mi
•1250 Kensington Way
6
Orchard Elementary School
Public District KG-5
2.4 mi
•1600 Gala Way
6
Badger Mountain Elementary School
Public District KG-5
3.2 mi
•1515 Elementary St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $112,500. The most common annual income of people living in Richland, WA is between $100k-200k. Residents typically live in married, no kids family. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Skiing/snowboarding
PGA/LPGA
College Football
Where do the neighbors shop?
BJs Wholesale Club
Stein Mart
Best Buy
Where do the neighbors go to eat?
Panera
Cracker Barrel
Bob Evans
What do the neighbors drive?
Infiniti
Lexus
Lincoln
What do the neighbors listen to?
Adult Hits
Oldies
News/Talk/Information
Frequently asked questions
About 1603MAHAN Ave Ave
The listing price of 1603MAHAN Ave Ave property is $1,485,000.
The property 1603MAHAN Ave Ave is a house located in Richland, Washington, 99354.
Active Listing: 1603MAHAN Ave Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1603MAHAN Ave Ave are: White Bluffs Elementary School (GreatSchools Rating 7/10), Orchard Elementary School (GreatSchools Rating 6/10), Badger Mountain Elementary School (GreatSchools Rating 6/10), Leona Libby Middle School (GreatSchools Rating 7/10), Carmichael Middle School (GreatSchools Rating 3/10), Enterprise Middle School (GreatSchools Rating 5/10), Rivers Edge High School (GreatSchools Rating 2/10), Richland High School (GreatSchools Rating 7/10), Three Rivers Home Link (GreatSchools Rating 7/10).
The property at 1603MAHAN Ave Ave has 14 bedrooms and 0 bathroom.
The year of construction for 1603MAHAN Ave Ave is 1948.
This home is located at 1603MAHAN Ave Ave in Richland, WA and zip code 99338. Features: 14 bedrooms, 0 bathroom. It has been listed on Rocket Homes since February 13, 2025 and is currently priced at $1,485,000.
In April 2025 more than 15 listings in Richland, WA were sold above the asking price. During the same period more than 24 listings were sold at asking price, while more than 20 were sold below. The inventory of homes for sale in Richland, WA between March and April 2025 increased by 16.8%. In April 2025 median list price was $460,000 and the average listing age was 62 days.