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$1,599,990
2559752 MLS ⋅ ACTIVE Status
Exceptional opportunity to acquire a well-maintained 8-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 $2,100+ 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 8-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 #C1-C8, Kent

Listing courtesy of Windermere Real Estate JS.

$212,000
2 Beds ⋅ 1 Baths ⋅ 2558043 MLS ⋅ ACTIVE Status
Welcome to this beautifully updated top-floor, 2-bedroom condo in a convenient Kent location! This move-in-ready home features newer cabinetry, updated flooring, modern appliances, and a striking stone-surround fireplace that brings warmth and character to the living space. Enjoy spacious bedrooms, double closets in the primary bedroom, and a private balcony perfect for relaxing. Parking is a rare bonus, with an assigned space, ample guest parking, and RV parking available. Ideally located near the Green River Trail, shopping, dining, parks, freeways, and major commuter routes. A wonderful opportunity for first-time buyers, downsizers, or anyone seeking comfortable, low-maintenance living!

1852 Central Place S Unit #E46, Kent

Listing courtesy of John L. Scott, Inc.

$899,950
2556698 MLS ⋅ ACTIVE Status
Prime Builder & Developer Opportunity! Rare vacant land in a desirable Kent location with NR2 zoning and outstanding development potential. A preliminary meeting with the City indicated the site may support 20+ townhomes, subject to design, engineering, and City approvals. The property also presents an excellent opportunity for a single-family residential subdivision, giving builders flexibility to maximize the site's highest and best use. This is an exceptional infill development opportunity in an area experiencing continued residential growth and strong housing demand. Conveniently located near major commuter routes, shopping, schools, parks, and everyday amenities, the site offers an attractive location for future homeowners. Ideal for builders, developers, and investors seeking a project with compelling upside. Bring your vision and capitalize on the potential of this well-positioned property. Buyer to verify all information, including zoning, density, development potential, utilities, access, environmental conditions, permitting requirements, and all approvals to their own satisfaction.

0 XX S 212th Way, Kent

Listing courtesy of Pellego, Inc..

$210,000
1 Beds ⋅ 1 Baths ⋅ 2545192 MLS ⋅ ACTIVE Status
Welcome to this ground-floor, one-bedroom condo offering comfortable, low-maintenance living in a convenient Kent location. The open living and dining area features durable plank flooring, a cozy wood-burning fireplace, and direct access to a private patio overlooking the community’s landscaped courtyard. The functional kitchen includes generous counter space, a dishwasher, and ample cabinetry. The spacious bedroom offers a large walk-in closet, while the full bathroom and in-unit laundry add everyday convenience. Additional highlights include neutral interior finishes, assigned parking, and access to the community clubhouse. Conveniently located near shopping, dining, public transportation, and major commuter routes. A great opportunity for an owner-occupant or investor looking for an affordable, move-in-ready home.

1868 Central Place S Unit #59, Kent

Listing courtesy of KW Lake Washington So.

$1,199,950
2524879 MLS ⋅ ACTIVE Status
Investor opportunity in the heart of Kent! Well-maintained 6-unit multifamily property offering strong in-place income, rental upside, and extensive capital improvements already completed. Over $2 million invested throughout the community with major expense items already addressed. Recent improvements include newer roofs, brand-new siding, windows, doors, gutters, balconies, electrical panels, crawlspace insulation, moisture barriers, seismic retrofitting of beams and foundations, roadway resurfacing, and concrete replacement. Roofs, fireplaces, gutters, and ventilation systems are regularly maintained. Each spacious 2-bedroom, 1-bath unit offers approximately 930 SF, a fireplace, in-unit washer and dryer, utility room, and ample parking. Units feature updated flooring, paint, appliances, and interior improvements, including approximately $30,000 invested in Unit D3. This building also features one of the largest backyard areas in the community. HOA dues cover management, water, sewer, garbage, exterior maintenance, common area upkeep, and ongoing property care, simplifying ownership. Current rents provide immediate cash flow with additional upside as units turn, with projected market rents of $2,100-$2,200 per month. Each unit has its own parcel number, providing flexibility for future individual sales or alternative exit strategies. Near Kent Station, Sounder Rail, shopping, dining, major employers, Hwy 167, and I-5. Rare turnkey multifamily investment with income potential

1613 Maple Lane Unit #D1-D6, Kent

Listing courtesy of KW Lake Washington So.

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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