WA > Kent > Kent
Kent, WA 98031,851 1st AVE N
Kent, WA 98031,851 1st AVE N
Kent, WA 98031,851 1st AVE N
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Listed by WPI Real Estate Services, Inc.
$479,000
Est. payment /mo
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2 Beds
2 Baths
1,150 SqFt
New

851 1st AVE N Kent, WA 98031

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Bob Papke

Bob Papke

+1(503) 801-9750

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,150 sqft

Price per Sqft $416

Subdivision Kent

MLS Listing ID 2415510

Style 52 - Duplex

Bedrooms 2

Year Built 1955

Annual Tax Amount $4,184

Lot Size 4,960 Sqft

Property Sub-Type Multi Family

Property Description

Rare 6.5%+ Cap Rate Duplex in Prime Downtown Kent Location! Incredible investment opportunity! This fully leased duplex offers strong cash flow with current rents of $1,450–$1,550 per unit and an estimated 6%+ cap rate. Each unit features 575 sq ft of living space with 1 bedroom, 1 full bathroom, a kitchen with eating space, cozy living room, and stackable washer/dryer. Tenants enjoy private entrances, carport parking with alley access, large on-site storage, and additional front parking. Conveniently located within walking distance major Park & Ride. Excellent long-term rental history and unbeatable location make this a perfect choice for owner-occupants or investors seeking immediate income and long-term value.

Location

State WA

County King

Area 330 - Kent

Interior

Flooring Laminate, Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Metal/Vinyl

Amenities Available Cable TV, Fenced-Fully, Gated Entry, High Speed Internet, Outbuildings, Patio

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Alley, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Kent

Others

Senior Community No

Acceptable Financing Conventional, FHA, State Bond, VA Loan

Listing Terms Conventional, FHA, State Bond, VA Loan

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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agent

Bob Papke

Principal Broker | License ID: 201238371

+1(503) 801-9750

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851 1st AVE N

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