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Leon Harper

leon@assetlistingteam.com +1(253) 973-7732

Listed by:Windermere Real Estate JS • Kyle Wells

$700,000

Est. payment - /mo

8 Beds

4 Baths

3,720 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,720 sqft

Price per Sqft $188

Subdivision Green River

MLS Listing ID 2581755

Style 54 - 4-Plex

Bedrooms 8

HOA Fees $1,693/mo

Year Built 1979

Annual Tax Amount $9,956

Lot Size 2.789 Acres

Property Sub-Type Multi Family

Property Description

Exceptional opportunity to acquire a well-maintained 4-unit multifamily property in the heart of Kent. This turnkey investment offers immediate cash flow, consistently low vacancy, and substantial upside through future rent growth. There are multiple exit strategies as each condo is individually parceled off with recent sales as high as $260k in the community. Each spacious 2-bedroom, 1-bath unit features approximately 930 SF, a fireplace, in-unit washer and dryer, reserved parking, and an efficient floor plan that continues to attract long-term tenants. Many tenants are long-term with lower than market rents with the potential to achieve $2,000+ per month as leases renew and units are refreshed. Pro-forma shows this as an 8% cap rate. Possibility for even higher rents as mid-term rentals. HOA dues cover professional management, water, sewer, garbage, exterior building maintenance, and landscaping. Creating a low-maintenance ownership experience. Recent improvements include newer roofs, brand-new siding, windows, doors, gutters, balconies, electrical panels, crawlspace insulation, moisture barriers, seismic retrofitting, road resurfacing, and concrete replacement. A rare opportunity to acquire a stable, income-producing 4-unit asset with long-term appreciation and value-add potential in one of South King County's strongest rental markets. Extremely convenient location to highways, public transportation, and shopping.

Location

State WA

County King

Area 330 - Kent

Interior

Flooring Laminate, Vinyl Plank

Fireplace false

Exterior

Exterior Feature Wood Products

Amenities Available High Speed Internet, Patio

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Buyer To Verify

School District Kent

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Leon Harper

+1(253) 973-7732

Real Estate Professional License ID: 18115

1609 Maple LN #C5-C8 Kent, WA 98030

Leon Harper

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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1609 Maple LN #C5-C8