312 S Columbia Center Blvd. #104 Blvd #104 · Kennewick, WA 99336

$139,900

3 bd · 2.0 ba · 1,809 sqft · Manufactured public records · 52 Days on market

Built 1991 $77/sqft · 84% above area ↓ 15% since listing

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.6/10.0
• Livability +3.9/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

MLS# 291649 Well-maintained 3-bedroom, 2-bath manufactured home located in a highly desirable 55+ community. This home stands out as one of the few in the neighborhood offering a private one-car garage with built-in shelving, along with ample additional parking. Inside, you'll find a spacious, open layout with several updated, including vinyl wood Pergo flooring, a newer hot water and updated kitchen appliances. The bright kitchen features a pantry, breakfast bar, and plenty of cabinet space, making it both functional and inviting. All three bedroom include walk-in closets, while the primary suite offers new carpet, and in the primary bathroom there are double sinks, a separate vanity, and a walk-in shower. Skylights throughout the home provide abundant natural light. The laundry room includes extra storage and a utility sink for added connivence. Step outside to enjoy a large private covered patio and raised garden beds-perfect for relaxing or entertaining.

Key facts

• Garage
• Built 1991
• Listed 52 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $140k.

Deal economics

• At list price, monthly cash flow is $860 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $136k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.7% vs local median 3.3% in Kennewick — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#131 in WA, #2,599 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A; Watch: schools D+, amenities D+, crime F.
• Kennewick School District (urban): math 43% / reading 58% proficiency, ranked #141 of 291 in WA (top 48%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+3.4%/yr); 286 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,532 units permitted in Benton County in 2024 (389 in 5+ unit buildings).
• This rent runs 42% of the median local income ($63k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Benton County population projected at +32% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.4% rent growth), your $39k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $135,703 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.55% ✓
• Cap rate: 13.67%
• Cash-on-cash: 26.33%
• DSCR: 2.17
• GRM: 5.4

CMA / ARV

• ARV (median comp): $76,000
• List price: $139,900
• Delta: 84.08%
• Verdict: OVERPRICED
• Comps: 17 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
312 S Columbia Center Blvd #79	0.06mi	3/2.0	1,809 (0%)	2mo	$76,000	$42	95
312 S Columbia Center Blvd. #89 Blvd #89	0.03mi	3/2.0	1,716 (-5%)	3mo	$75,000	$44	88
312 S Columbia Center Blvd #86 Blvd #86	0.05mi	3/2.0	1,960 (+8%)	6mo	$100,000	$51	79
312 S Columbia Center Blvd #98	0.06mi	3/2.0	1,809 (0%)	23mo	$128,500	$71	78
312 S Columbia Center Blvd #90	0.03mi	3/2.0	1,620 (-10%)	11mo	$110,000	$68	72
7901 W Clearwater Ave 113 Ave #113	0.13mi	3/2.0	1,716 (-5%)	16mo	$60,000	$35	72
7901 W Clearwater Ave #108	0.09mi	3/2.0	1,560 (-14%)	8mo	$91,500	$59	66

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.39% rent growth · sell at horizon

5-year hold

• IRR: 20.5%
• Equity multiple: 1.84×
• Total profit: $32,895
• Equity at exit: $20,860

10-year hold

• IRR: 28.9%
• Equity multiple: 3.62×
• Total profit: $102,528
• Equity at exit: $12,096

Cash invested: $39,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 28 Tenant-Leaning
• State Washington: 28 Tenant-Leaning · D+8
• County: — inherits STATE
• City: — inherits STATE

Just-cause statewide (2021); Seattle layers rent control restrictions + relocation assistance; very tenant-friendly.

Methodology + full state rankings →

ZIP-level market 99336

• Rents YoY: 3.4%
• Active inventory: 286
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $2,171 high
• Mortgage (P&I): −$734
• Tax from tax record: −$63 /mo · $760/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$456
• Net cashflow: $860

Break-even live

Break-even rent $1,083

Max offer price $139,900

Occupancy floor 55%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8180 W 4th Ave Kennewick, WA	2.0–3.0	2.0	1202	$2,299	$1.91	13d	4	0.34mi
8831 W Entiat Ave Kennewick, WA	3.0	2.0	1232	$1,995	$1.62	43d	1	0.77mi
725 N Center Pkwy Kennewick, WA	1.0–3.0	1.0–2.0	1086	$2,195	$2.02	13d	9	0.83mi
1080 N Montana St Kennewick, WA	3.0	2.0	1842	$2,600	$1.41	43d	1	0.91mi
867 S Zeelar St Kennewick, WA	4.0	2.5	1968	$2,495	$1.27	43d	1	1.20mi
883 S Zeelar St Kennewick, WA	3.0	2.5	1735	$2,395	$1.38	43d	1	1.20mi
33 N Jefferson Pl Unit 110 Kennewick, WA	3.0	2.5	1536	$1,950	$1.27	43d	1	1.41mi
5702 W Kennewick Pl #110 Kennewick, WA	3.0	2.5	1435	$1,695	$1.18	13d	1	1.47mi

Listing history 5 events

1. 2026-03-29
   listed $139,900 Active 972-char remark

   Show marketing remark (972 chars)

   MLS# 291649 Well-maintained 3-bedroom, 2-bath manufactured home located in a highly desirable 55+ community. This home stands out as one of the few in the neighborhood offering a private one-car garage with built-in shelving, along with ample additional parking. Inside, you'll find a spacious, open layout with several updated, including vinyl wood Pergo flooring, a newer hot water and updated kitchen appliances. The bright kitchen features a pantry, breakfast bar, and plenty of cabinet space, making it both functional and inviting. All three bedroom include walk-in closets, while the primary suite offers new carpet, and in the primary bathroom there are double sinks, a separate vanity, and a walk-in shower. Skylights throughout the home provide abundant natural light. The laundry room includes extra storage and a utility sink for added connivence. Step outside to enjoy a large private covered patio and raised garden beds-perfect for relaxing or entertaining.

2. 2023-10-18
   soldstatus $150,000 Closed 1368-char remark

   Show marketing remark (1368 chars)

   MLS# 270800 Welcome to Desert Pines a 55+ community, conveniently located off Columbia Center Blvd, close to shopping, restaurants and entertainment! This beautiful manufactured home offers two inviting indoor living spaces and 2 outdoor living spaces. This is a split bedroom design, the primary bedroom is generously oversized and features a large walk-in closet. The ensuite bathroom is complete with a dual sink vanity, make-up vanity, walk-in shower and plenty of storage. The additional 2 bedrooms offer versatility, allowing for personalization to suit your needs, whether it be a guest room, home office, or hobby space. The heart of this home lies within its spacious kitchen. It features a convenient breakfast bar and ample storage. Adjacent to the kitchen is a formal dining area that showcases a built-in china cabinet. The guest bathroom provides accessibility from the laundry room, living room and secondary bedrooms. The back deck is covered and secluded providing and ideal spot for outdoor relaxation and/or entertaining. Not only is there a carport but an extra deep single car garage with and ideal area for projects and storage! This home is situated in a quiet community, yet just minutes away from all the amenitites you desire, this property combines the best of both worlds. Schedule your private showing today with your favorite Realtor!!

3. 2023-09-12
   historical Active Under Contract 1368-char remark

   Show marketing remark (1368 chars)

   MLS# 270800 Welcome to Desert Pines a 55+ community, conveniently located off Columbia Center Blvd, close to shopping, restaurants and entertainment! This beautiful manufactured home offers two inviting indoor living spaces and 2 outdoor living spaces. This is a split bedroom design, the primary bedroom is generously oversized and features a large walk-in closet. The ensuite bathroom is complete with a dual sink vanity, make-up vanity, walk-in shower and plenty of storage. The additional 2 bedrooms offer versatility, allowing for personalization to suit your needs, whether it be a guest room, home office, or hobby space. The heart of this home lies within its spacious kitchen. It features a convenient breakfast bar and ample storage. Adjacent to the kitchen is a formal dining area that showcases a built-in china cabinet. The guest bathroom provides accessibility from the laundry room, living room and secondary bedrooms. The back deck is covered and secluded providing and ideal spot for outdoor relaxation and/or entertaining. Not only is there a carport but an extra deep single car garage with and ideal area for projects and storage! This home is situated in a quiet community, yet just minutes away from all the amenitites you desire, this property combines the best of both worlds. Schedule your private showing today with your favorite Realtor!!

4. 2023-09-03
   price $153,900 1368-char remark

   Show marketing remark (1368 chars)

   MLS# 270800 Welcome to Desert Pines a 55+ community, conveniently located off Columbia Center Blvd, close to shopping, restaurants and entertainment! This beautiful manufactured home offers two inviting indoor living spaces and 2 outdoor living spaces. This is a split bedroom design, the primary bedroom is generously oversized and features a large walk-in closet. The ensuite bathroom is complete with a dual sink vanity, make-up vanity, walk-in shower and plenty of storage. The additional 2 bedrooms offer versatility, allowing for personalization to suit your needs, whether it be a guest room, home office, or hobby space. The heart of this home lies within its spacious kitchen. It features a convenient breakfast bar and ample storage. Adjacent to the kitchen is a formal dining area that showcases a built-in china cabinet. The guest bathroom provides accessibility from the laundry room, living room and secondary bedrooms. The back deck is covered and secluded providing and ideal spot for outdoor relaxation and/or entertaining. Not only is there a carport but an extra deep single car garage with and ideal area for projects and storage! This home is situated in a quiet community, yet just minutes away from all the amenitites you desire, this property combines the best of both worlds. Schedule your private showing today with your favorite Realtor!!

5. 2023-08-25
   listed $164,900 Active 1368-char remark

   Show marketing remark (1368 chars)

   MLS# 270800 Welcome to Desert Pines a 55+ community, conveniently located off Columbia Center Blvd, close to shopping, restaurants and entertainment! This beautiful manufactured home offers two inviting indoor living spaces and 2 outdoor living spaces. This is a split bedroom design, the primary bedroom is generously oversized and features a large walk-in closet. The ensuite bathroom is complete with a dual sink vanity, make-up vanity, walk-in shower and plenty of storage. The additional 2 bedrooms offer versatility, allowing for personalization to suit your needs, whether it be a guest room, home office, or hobby space. The heart of this home lies within its spacious kitchen. It features a convenient breakfast bar and ample storage. Adjacent to the kitchen is a formal dining area that showcases a built-in china cabinet. The guest bathroom provides accessibility from the laundry room, living room and secondary bedrooms. The back deck is covered and secluded providing and ideal spot for outdoor relaxation and/or entertaining. Not only is there a carport but an extra deep single car garage with and ideal area for projects and storage! This home is situated in a quiet community, yet just minutes away from all the amenitites you desire, this property combines the best of both worlds. Schedule your private showing today with your favorite Realtor!!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast WA · Resets to sale price

• Current annual tax: $760 · $63/mo
• Projected year-2 tax: $1,371 · $114/mo
• Expected delta: +$611/yr (+$51/mo · 80.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥98°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 14 unhealthy d/yr today · 15 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,048
• − Mortgage interest: −$7,837
• − Property taxes: −$760
• − Insurance: −$700
• − Repairs & maintenance: −$2,084
• − Management: −$2,084
• − Depreciation: −$4,070
• Taxable income: $8,514
• Est. tax owed @ 24.0%: −$2,043
• After-tax cash flow: $8,271/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Kennewick School District
• NCES district ID: 5303930
• Math proficiency: 43% ▼ -1.00%
• Reading proficiency: 58% ▬ 0.00%
• Median HH income: $54,191
• Composite: 45.56/100
• National rank: #5667
• State rank: #141 of 291 in WA

Livability — Kennewick

• Score: 78/100
• State rank: #131
• US rank: #2599

Category grades

Amenities D+ Commute A+ Cost of living B- Crime F Employment B- Housing A+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kennewick, WA
• County: Benton County · 186,895 people
• City population: 104,655
• Metro: Kennewick-Richland, WA
• Population (ZIP): 50,735
• Household income: $62,527
• Rent vs Own: 51.7% rent · 48.3% own
• Severe rent burden: 2605.0

Population outlook (Benton County) Hauer SSP2

• Today (2025): 219,421 people
• By 2030: 233,813 · +6.6%
• By 2040: 262,134 · +19.5%
• By 2050: 290,100 · +32.2%
• By 2075: 363,525 · +65.7%
• By 2100: 418,667 · +90.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 55% Hispanic / Latino 37% Two or more races 15% Black 3% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 31% Cuban 2%
• Common ancestry: Portuguese 4% Slovak 3% Romanian 1%
• Foreign-born: 16% · Canada, Jamaica
• Languages at home: 68% English-only · Spanish 29% Arabic 1%

Political lean MEDSL · Benton

• 2024 margin: Strong R (+21.9) · D 37.7% · R 59.6% · Other 2.7%
• 2008→2024 swing: +4.2pp toward D · 2008: -26.1pp · 2024: -21.9pp
• All cycles: 2024: R+21.9 2020: R+21.0 2016: R+26.6 2012: R+27.0 2008: R+26.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -408.26%
• Current HPI: 256.1143
• Rent YoY: ▲ 3.39%
• Metro: Kennewick-Richland, WA
• State GDP YoY: ▲ 4.65%
• F500 in state: 22

Industry mix (Fortune 500 HQ in WA)

Industry	F500 HQs	Revenue
▸Retail	2	$269B
▸Technology / Retail	1	$638B
▸Technology	1	$245B
▸Telecommunications	1	$38B
▸Food / Beverage	1	$36B
▸Automotive / Trucks	1	$34B

Price history

-15.2% since first listed

5 events — show timeline

• 2026-03-29 Listed $139,900 PACMLS
• 2023-10-18 Sold (MLS) $150,000 PACMLS
• 2023-09-12 Contingent — PACMLS
• 2023-09-03 Price Changed $153,900 PACMLS
• 2023-08-25 Listed $164,900 PACMLS

Property tax history

-0.1%/yr

Latest (2026): $760 · -5.7% YoY. Source: county tax records.