Property Details
1140 SE Colonial Drive
College Place, WA 99324
$499,000
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 40
Property Overview
Multi-generational or income opportunity! Spacious and beautifully updated 5-bedroom, 3-bath home in College Place! With thoughtful upgrades throughout, this home offers room for everyone and flexible living options. The main floor features an open-concept living and kitchen area filled with natural light, along with a cozy sunroom perfect for relaxing year-round. You’ll also find 3 bedrooms and 2 full bathrooms on the main level. Downstairs, the fully finished basement offers incredible potential for multigenerational living or rental income, complete with a second kitchen, separate exterior entrance, 2 bedrooms, 1 bathroom, a large living room, and an additional bonus room. Outside, enjoy a fully fenced yard, large deck for entertaining, dog run, and a two-car garage. This versatile home combines comfort, space, and opportunity—don’t miss your chance to make it yours!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Walla Walla
Neighborhood
College Place
Listed
Mar 27, 2026
Original Price
$539,000
Structure Type
Duplex
Parcel Number
350736620403
Tax & HOA
Annual Property Tax
$3,962 (2026)
Est. Monthly Tax
$330/mo
Financial Summary
Cap Rate
11.00%
Net Operating Income
$25,162
Gross Scheduled Income
$38,400
Gross Rent Multiplier
2.00
Total Expenses
$10,358
Vacancy Rate
2.0%
Building & Use
Building Sq Ft
3,034
Leasable Area
3,034 sqft
Total Units
2
Lot Size
7,501 sqft
Year Built
1981
Exterior & Lot
Lot Size
0.17 sqft
Year Built
1981
Garage
2 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Paved
Exterior Features
Wood, Wood Products
Community & Access
Directions
Turn off Taumarson onto Colonial Drive. Home is on the Right hand side.
Location
City
College Place
County
Walla Walla
Coordinates
46.03513, -118.37038
Additional Information
Tax Year
2026
Annual Taxes
$3,962
Possession
Array
Based on information submitted to the MLS GRID as of June 12, 2026 2:30 AM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
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. Copyright 2026 NWMLS. All rights reserved.
