1006 Adams St Richland, WA 99352
Estimated payment $10,666/month
Highlights
- Attached Garage
- Lewis & Clark Elementary School Rated A-
- Central Air
About This Home
MLS# 284454 Exceptional Investment Opportunity – Modern Home + Fourplex in Prime Richland LocationUnlock the potential of this high-performing, turn-key investment property in the heart of Richland, WA. Situated on a spacious lot, this unique offering includes a beautifully designed 3,000 sq ft single-family home and a recently constructed 4,924 sq ft fourplex, all fully rented with current lease agreements in place.The main home boasts 6 bedrooms and 4 bathrooms, 2 master suites, covered patio, perfect for large families or multi-generational living. Thoughtful features include a 1-car garage, 2-car carport, and a private storage shed, offering ample space and convenience for residents.The fourplex consists of four spacious 3-bedroom, 3-bathroom units, each with its own 1-car garage and individual storage shed. These well-appointed units feature contemporary finishes, open-concept layouts, and modern amenities that attract quality tenants.Highlights: Total of 7,924 sq ft of living space Fully leased with stable rental income Low-maintenance, modern construction Excellent location near schools, shopping, and major employers Ideal for investors seeking strong cash flow and long-term appreciationWhether you’re expanding your portfolio or entering the investment market, this property delivers strong income potential and peace of mind with its updated construction and reliable tenants.Contact us today to schedule a private tour or request financials.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,450
Year Built
- Built in 2020
Lot Details
- 9,583 Sq Ft Lot
Parking
- Attached Garage
Home Design
- Quadruplex
- Slab Foundation
Interior Spaces
- 7,924 Sq Ft Home
- Crawl Space
Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 18 Bedrooms
- 6 Bathrooms
Utilities
- Central Air
- Heat Pump System
Community Details
- 5 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,359 | $479,510 | $50,000 | $429,510 |
| 2023 | $2,359 | $249,950 | $50,000 | $199,950 |
| 2022 | $2,211 | $212,750 | $50,000 | $162,750 |
| 2021 | $2,033 | $198,800 | $50,000 | $148,800 |
| 2020 | $1,775 | $175,550 | $50,000 | $125,550 |
| 2019 | $1,505 | $144,600 | $22,000 | $122,600 |
| 2018 | $1,454 | $131,920 | $22,000 | $109,920 |
| 2017 | $1,274 | $106,550 | $22,000 | $84,550 |
| 2016 | $1,255 | $106,550 | $22,000 | $84,550 |
| 2015 | $1,279 | $106,550 | $22,000 | $84,550 |
| 2014 | -- | $106,550 | $22,000 | $84,550 |
| 2013 | -- | $106,550 | $22,000 | $84,550 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | Price Changed | $1,750,000 | -5.4% | $221 / Sq Ft |
| 07/14/2025 07/14/25 | Price Changed | $1,850,000 | -5.1% | $233 / Sq Ft |
| 05/23/2025 05/23/25 | For Sale | $1,950,000 | +954.1% | $246 / Sq Ft |
| 08/31/2016 08/31/16 | Sold | $185,000 | -2.6% | $155 / Sq Ft |
| 07/15/2016 07/15/16 | Pending | -- | -- | -- |
| 07/05/2016 07/05/16 | For Sale | $190,000 | -- | $159 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $185,000 | Stewart Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $384,750 | New Conventional | |
| Closed | $75,000 | New Conventional | |
| Closed | $500,000 | New Conventional | |
| Closed | $55,000 | New Conventional | |
| Closed | $148,000 | New Conventional | |
| Previous Owner | $70,500 | New Conventional |
Source: Pacific Regional MLS
MLS Number: 284454
APN: 114983011173003
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