Property Details
1420 S College Avenue #3
College Place, WA 99324
$1,200,000
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Property Overview
Unique opportunity to own side by side level lots, 2 homes = 3 rental units, 1.92 total acres within city limits of College Place. Home 1: 3bed/2ba @ 1420 College Ave, Home 2-ADU Duplex @ 1424 College Ave: Unit 1 = 1bed/1ba, Unit 2 = 1bed/1ba. Current total rental income $3700/M. Sitting at the south end of town at the top of the hill, this opportunity boasts a partial view of the southern valley and beautiful Blue Mountains in the distance. Easy walk to bus line, Andy’s Grocery or Walmart. Retain current rental tenants, use for multi-generational purposes or research buyer options for future multi-family development. Plenty of room for RV parking. Please do not disturb tenants. Interior viewing will be honored with an accepted offer. Double listing MLS #2505410.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Walla Walla
Neighborhood
College Place
Listed
Apr 17, 2026
Financial Summary
Cap Rate
2.00%
Net Operating Income
$24,319
Gross Scheduled Income
$44,400
Gross Rent Multiplier
27.00
Total Expenses
$20,081
Building & Use
Building Sq Ft
4,101
Leasable Area
4,101 sqft
Total Units
3
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
1.93 acres
Year Built
1977
Exterior & Lot
Lot Size
1.93 sqft
Year Built
1977
Garage
1 spaces
Exterior Materials
Wood
Parking
RV Parking
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved
Exterior Features
Wood
Location
City
College Place
County
Walla Walla
Coordinates
46.03627, -118.38905
Additional Information
Tax Year
2025
Annual Taxes
$7,190
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 PM. 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.
