Number of Units:   4
Vacancy Rate:   5.00

Financial
Electrical Expenses:   $2,229
Water/Sewer/Garbage:   $1,879
Insurance Expenses:   $1,380
Other Expenses:   $10,356
Total Expenses:   $19,727
Total Monthly Income:   $4,310
Net Operating Income:   $37,051
Gross Adjusted Income:   $56,778
Gross Scheduled Income:   $59,418
Cap Rate (NOI / Listing Price):   $6.02
Gross Rent Multiplier:   $10.00

Year Built:   1950
Effective Year Built:   1950
Effective Year Built Source:   Public Records
Building Condition:   Average
Number of Stories:   2
Roof:   Flat
Exterior:   Brick
Foundation:   Poured Concrete
Approx. Sq Ft:   3,808
Leased Items:   None

Lot Size:   9,148 Sq Ft
Lot Size Source:   Franklin County

Utilities
Energy Source:   Electric
Water Source:   Community

Parking
Number of Uncovered Parking Spaces:   5
Total Number of Parking Spaces:   5

Address:   1304 W Hopkins Street, Pasco, WA 99301
City:   Pasco
State:   
Zip Code:   99301
Latitude:   46.23033200
Longitude:   -119.10568600
Driving Directions:   From W Sylvester St turn south on N 12th Ave and the property is on your right.

Community Name:   Pasco
School District:   Pasco
Elementary School:   Longfellow Elem
Junior High School:   Buyer To Verify
Senior High School:   Buyer To Verify

County:   Franklin
Tax Number:   112271097
Zoning Jurisdiction:   City
Tax Amount:   $3,883   Tax amount may change after sale.
Tax Year:   2025

Listing Price:   $615,000
Potential Terms:   Conventional
3rd Party Approval Required:   None
Possession Allowed:   Closing
Preliminary Title Ordered:   Yes

Listing Number:   2396049
Listing Status:   Active
Listing Office:   The Paragon Group
Listing Date:   2025-06-25
MLS Area:   Franklin County
Square Footage Source:   Franklin County
Lot Size Source:   Franklin County
Marketing Remarks:   Zoned R-2, the City of Pasco may allow an accessory dwelling unit to increase revenue without adding significant expense. Immediate 15%+ upside in rents with comprehensive interior renovation and strategic marketing effort. Hopkins4 is within walking distance of Memorial Aquatic Park, Juanito’s Foods, and Casa de Alabastro church, and has immediate access to major employers such as Amazon and Darigold in East Pasco. Positioned in one of Washington’s fastest growing metros, with proforma rental rates still below other Tri-Cities markets, Hopkins4 is ideal for tenants looking for naturally affordable housing options.

The information contained in this listing has not been verified by Katz Realty, Inc. and should be verified by the buyer.
* Cumulative days on market are days since current listing date.