$700,000

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.

Property Facts & Features

Property Type

Multi Family

Status

For Sale

Listed

Sep 14, 2026

Price per Sq Ft

$188/sqft

ZIP Code

98030

Heating

Wall Furnace

Cooling

Window Unit(S)

Construction

Wood Products, Wood Products

HOA Fee

$1,693/mo

Neighborhood

The Valley

County

King

School District

Kent School District

Estimated Value

Automated estimate. Not an appraisal.

Features & Amenities

Location

Lat 47.36530 · Lng -122.22832