Green River Homes under $700,000

Green River Homes under $700,000

Welcome to Green River, a hidden gem nestled in the heart of Kent, Washington! This charming neighborhood is perfectly positioned along the picturesque banks of the Green River, offering residents a serene escape from the hustle and bustle of city life while still being conveniently close to urban amenities. With its lush landscapes and vibrant community spirit, Green River is an ideal place for families, professionals, and anyone looking to embrace a balanced lifestyle.

One of the standout features of Green River is its diverse selection of homes, many of which are available for under $700,000. Whether you’re a first-time homebuyer or seeking a cozy retreat, this neighborhood offers a variety of options, from charming single-family homes to modern townhouses. The affordability of the real estate market here makes it an attractive choice for those looking to invest in their future without breaking the bank.

Residents of Green River enjoy a plethora of recreational opportunities, with nearby parks, walking trails, and the beautiful Green River itself providing endless possibilities for outdoor activities. The community is also known for its friendly atmosphere, where neighbors become friends, and local events foster a strong sense of belonging.

With its combination of affordability, natural beauty, and community spirit, Green River is not just a place to live; it’s a place to thrive. Come explore this enchanting neighborhood and discover the perfect home that suits your lifestyle!

Newest Green River Homes under $700,000

1609 Maple Lane Unit #C5-C8, Kent
$700,000
2581755 MLS ⋅ ACTIVE Status
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.

1609 Maple Lane Unit #C5-C8, Kent

Listing Broker: Windermere Real Estate JS; Kyle Wells; 360-631-2996; kylewells@windermere.com

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