- For Sale $1,625,000
- Property Type Multi-Family
- Property Size 7,654 SF
- Units 13
- Lot Size 0.48 Acre
- Cap Rate % 7.4
- Year Built 1964
- Date Updated Jun 23, 2025
Located in Pasco—the fastest-growing city in Washington’s highly sought-after Tri-Cities region—this turn-key property offers a prime investment opportunity. With upwards of $350,000 in recent capital improvements, it boasts strong in-place rents that reflect true rental demand. The investment offers attractive, above-market cap rates both currently and projected. Its prime location near major employers like Lourdes Hospital, Columbia Basin College, and Amazon’s Fulfillment Center further enhances its appeal to investors and tenants alike.
Price/Unit $125,000.00
Average Unit SF 589
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Location
Getting Around
-
Walk Score ®
57/100
Somewhat Walkable
-
Transit Score ®
38/100
Some Transit
-
Bike Score ®
47/100
Somewhat Bikeable
- City Pasco, WA
- Zip Code 99301
- Market Tri Cities
Points of Interest
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Pasco
0.15 miles
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76
0.35 miles
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Sunrise Super Gas
0.37 miles
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Atomic Gas
0.49 miles
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Pacific Pride
0.57 miles
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Conoco
0.61 miles
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Petro USA
0.87 miles
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Exxon
0.94 miles
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Blink
1.03 miles
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Coleman Oil
1.14 miles
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CFN
1.28 miles
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East A Parking Lot
1.84 miles
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Visitor Parking
1.84 miles
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South Campus Loop Parking Lot
1.87 miles
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West A Parking Lot
1.88 miles
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Staff Parking
1.89 miles
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Staff Parking Lot
1.90 miles
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Dental Clinic Parking Lot
1.93 miles
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CLS Parking Lot
1.96 miles
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W Parking Lot
2.05 miles
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West H Parking Lot
2.05 miles
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Studio 6 extended stay
0.62 miles
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Nightstar Inn
1.09 miles
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Airport Motel
1.34 miles
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Starlite Motel
1.43 miles
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Clover Island Inn Kennewick
1.61 miles
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Best Western Plus Pasco Inn & Suites
1.90 miles
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Courtyard Pasco Tri-Cities Airport
2.11 miles
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Econo Lodge
3.73 miles
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Motel 6
4.01 miles
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Kennewick Inn & Suites
4.10 miles
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Jocho's Tacos
0.23 miles
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Botana
0.23 miles
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Mexi-king
0.29 miles
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Mercy's Pizza Taco
0.30 miles
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El Café Tal Tacos
0.33 miles
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Mi Hacienda Restaurant & Grill
0.34 miles
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Las Villas de Palomino
0.37 miles
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Ciao Trattoria On The Spot
0.39 miles
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Karla's Snacks
0.46 miles
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El Paraiso
0.74 miles
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Imperium Beauty College
0.28 miles
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Marie Curie STEM Elementary School
0.52 miles
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John Whittier Elementary School
0.61 miles
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Virgie Robinson Elementary School
0.65 miles
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Longfellow Elementary School
0.74 miles
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Captain Gray Elementary School
0.88 miles
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Pasco Senior High School
0.94 miles
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Saint Patrick School
1.07 miles
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Ellen Ochoa Middle School
1.09 miles
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Emerson Elementary School
1.22 miles
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Kiddie Corner Kids
0.27 miles
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Inspire Development Centers
0.52 miles
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Rise and Shine Early Childhood Center
1.50 miles
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Child Care Center: Kids R Niños
1.61 miles
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Explore & Learn
2.53 miles
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Sweet Pea Academy
3.21 miles
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Beyond the Rainbow Childcare
3.34 miles
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Level Up Preschool
3.67 miles
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Rainbow River Childcare
4.94 miles
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The Children's Academy Preschool
5.18 miles
Frequently Asked Questions
The space currently listed for sale at Highland Flats asks for $1,625,000.
Highland Flats totals 7,654 square feet.
Highland Flats was built in 1964.
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