Green River Homes with 54 - 4-Plex Style

Welcome to Green River, a charming neighborhood nestled in the heart of Auburn, Washington. Known for its picturesque landscapes and vibrant community spirit, Green River offers a unique blend of suburban tranquility and urban convenience. With the majestic backdrop of the Cascade Mountains and the serene flow of the Green River itself, this area is a haven for nature lovers and outdoor enthusiasts alike.

Green River is characterized by its diverse housing options, including the popular 4-plex style homes. These multi-family residences are perfect for those looking to invest in real estate or for families seeking a close-knit community atmosphere. The 4-plex homes provide ample living space, allowing for both privacy and interaction with neighbors, making it an ideal setting for families or individuals who appreciate a sense of community.

The neighborhood is well-connected, with easy access to major highways, public transportation, and local amenities. Residents enjoy a variety of shopping, dining, and entertainment options just a stone's throw away. Parks and recreational areas abound, offering plenty of opportunities for hiking, biking, and enjoying the great outdoors.

Families will appreciate the highly-rated schools in the Auburn School District, ensuring a quality education for children of all ages. Additionally, the community hosts seasonal events and gatherings, fostering a warm and welcoming environment for all residents.

In Green River, you’ll find not just a home, but a lifestyle that embraces the beauty of nature and the joy of community living. Come explore the possibilities of making this enchanting neighborhood your new home!

Newest Green River Homes with 54 - 4-Plex Style

$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 courtesy of Windermere Real Estate JS.

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