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Home » For sale: Duplexes in farm-turned-multifamily development
Investment opportunity

For sale: Duplexes in farm-turned-multifamily development

Duplex

Pro-Made Homes plans to list each of the 16 duplexes for sale individually at prices ranging from $370,000 to $725,000. Construction is ongoing at the development, known as South Underwood Place or Peach Farm, but is expected to wrap up by the end of February.

Photo by Nathan Finke
January 16, 2025
Ty Beaver

Only a couple years ago a farmhouse and outbuildings along with a small peach orchard stood at 1929 W. 10th Ave. in Kennewick. Now a tight cluster of two-story duplexes rise above that same farmhouse – and they’re each for the taking.

“I’ve had a lot of buyers looking out for a duplex or fourplex and they’re really hard to come by,” Amy Leicht, Pro-Made Homes’ primary listing agent, told the Tri-Cities Area Journal of Business. She added that this offers the average homebuyer an opportunity to begin investing in real estate.

Leicht confirmed that Pro-Made originally planned to sell the entire development to an investor but that they were unable to secure financing. That led Pro-Made to decide to sell each of the duplexes individually.

“Now, just knowing market conditions, it will be easier to find small investors rather than one for the whole property,” Leicht said.

Pro-Made Homes will list each of the 16 duplexes for sale individually at prices ranging from $370,000 to $725,000.

Construction is ongoing at the development, known as South Underwood Place or Peach Farm, but is expected to wrap up by the end of February 2025, according to the property’s online sale listing.

Thomas Wei purchased the nearly 4-acre property for $675,000 in late 2021.

The pink blossoms of trees at the former orchard were a colorful sight every spring. Known as Sanders Peach Farm, the Sanders family sold peaches and nectarines from its orchard for decades, and even offered pumpkins some years.

Construction on the duplexes started in mid-2024.

Each duplex unit is two-story with 2.5 baths, two-car garage, dedicated two-car driveway and a private fenced yard. Most of the 32 units have three bedrooms, but five are four-bedroom while one unit is two-bedroom with two en suites.

Features of each unit include a full appliance package per unit of a range oven, dishwasher, microwave, refrigerator, washer, dryer and water heater; blinds and granite or quartz countertops in the kitchens. Landscaping and fencing will also be completed during construction.

“These included improvements make the properties truly turnkey,” the listing states.

Potential buyers have approached the builder about opportunities to purchase single units for them to lease out in the past. And Leicht said the company expects buyers will be able to buy them via a conventional loan or one backed by the Federal Housing Administration, which requires a 3.5% down payment.

Leicht said Pro-Made is working on other townhome projects in Washington state and elsewhere in the western states it operates in.

“We’re shifting our building opportunities,” she said, adding, “It is kind of what the city planning departments have been pushing for as well.”

The average sale price for Tri-City homes was about $482,000 in November 2024, up from 2023 prices during the same period, according to data from the Tri-City Association of Realtors.

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    KEYWORDS January 2025
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