Property Details
996 SE Admiral Place
College Place, WA 99324
$700,000
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Property Overview
Excellent income-producing triplex opportunity! This turn-key property is ready to rent and start generating cash flow immediately. Two above-ground units feature spacious kitchens, private in-unit laundry, spacious living areas (one with gas fireplace) and views of the Blue Mountains. Basement unit offers an impressive amount of living space with large closets for abundant storage and oversized egress windows in bedrooms. Located in desirable neighborhood with large fenced yards for privacy and outdoor living spaces with room for entertaining, play and gardening. Off-street parking includes single-car garage for main floor units plus 2 additional parking spaces. With strong tenant appeal, generous amenities, ample parking, and private outdoor areas, this turnkey triplex is an outstanding addition to any investment portfolio or owner-occupant strategy of offsetting your mortgage by living in one unit while renting the others.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Walla Walla
Neighborhood
College Place
Listed
Jun 23, 2026
Structure Type
Triplex
Parcel Number
350736010001
Tax & HOA
Annual Property Tax
$6,976 (2026)
Est. Monthly Tax
$581/mo
HOA Fee
$200/annually
Financial Summary
Cap Rate
4.10%
Net Operating Income
$28,808
Gross Scheduled Income
$55,200
Gross Rent Multiplier
12.68
Total Expenses
$21,976
Vacancy Rate
8.0%
Building & Use
Building Sq Ft
3,987
Leasable Area
3,987 sqft
Total Units
3
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
12,968 sqft
Year Built
1994
Exterior & Lot
Lot Size
0.30 sqft
Year Built
1994
Garage
2 spaces
Exterior Materials
Wood
Parking
RV Parking
Sewer
Sewer Connected
Water Source
Public
Lot Features
Cul-De-Sac, Curbs, Paved, Sidewalk
Exterior Features
Wood
Community & Access
Directions
12th Ave – SE Marine Dr – keep R – R on SE Sentry – R on SE Admiral Pl
Location
City
College Place
County
Walla Walla
Coordinates
46.03971, -118.37522
Additional Information
Tax Year
2026
Annual Taxes
$6,976
Possession
Array
Based on information submitted to the MLS GRID as of June 24, 2026 12:34 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.
