Heritage Manor | Kennewick
10 Stabilized & Turnkey Units in Kennewick, WA
Marketing description
Heritage Manor at 6721 W Kennewick Ave, Kennewick, WA 99336 is a rare opportunity to acquire a stabilized, turnkey 10-unit apartment community in the heart of the fast-growing Tri-Cities market. This well-maintained asset features ten spacious townhouse-style residences, each offering 2 bedrooms, 1.5 baths, central air conditioning, washer/dryer hookups, and private fenced backyards—an amenity package that stands out in the submarket.
Originally built in 1978 and extensively renovated in 2024, the property has benefited from approximately $300,000 in recent capital improvements, including upgraded interiors, fresh exterior paint, enhanced lighting, parking lot repairs, and new privacy fencing. With a history of 100% occupancy and minimal delinquency, Heritage Manor offers immediate cash flow backed by durable renter demand.
Positioned in one of Washington’s strongest growth corridors, the property is surrounded by major employers, ongoing industrial expansion, and a supply-constrained rental market. Heritage Manor combines proven performance, modern upgrades, and long-term upside in a market where quality rental housing continues to outperform.
Investment highlights
- Turnkey Asset: Heritage Manor is a well-maintained investment opportunity, with over $300,000 invested by current ownership in capital expenditures to enhance the property's value with both interior and exterior upgrades.
- Stabilized Asset with Long-Term Value: The property boasts a 100% occupancy rate with no delinquency, providing a stable and reliable income stream as a long-term investment.
- Townhouse-Style Layout: Each unit features a two-story layout with two bedrooms and 1.5 bathrooms; in-unit amenities include central air conditioning and private backyards.
- Recession-Resilient Renter Demand: Proximity to the Tri-Cities' largest employers - including Battelle/PNNL (5,300 employees) and Kadlec Regional Medical Center (3,800 employees) - supports a stable, income-driven renter base and helps sustain occupancy across economic cycles.
- Benefit from Ongoing Industrial Expansion: The adjacent North Horn Rapids master-planned industrial district is creating a growing employment hub across 200-500 acres, targeting value-add agriculture, clean energy, and advanced manufacturing - drivers that are expected to support durable renter demand for years to come.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
