851 1st Avenue N Kent, WA 98031
851 1st Avenue N
Kent, WA 98031
$479,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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.
Property Features
Community: Kent
Duplex
View: Territorial
Cable TV
Fenced-Fully
Gated Entry
High Speed Internet
Outbuildings
Patio
Exterior: Metal/Vinyl
Roof: Composition
Year Built: 1955
2025 Taxes: $4184.00
Buyer Broker Compensation: 3%
Listing #: 2415510
Lot Details
Lot Size: 0.11 acres
Alley
Paved
Sidewalk
No. of Units: 2
Interior
Cooling: None
Heating: Forced Air
Electric
Call or Email:
Grace Wamwere
What's Near 851 1st Avenue N Kent, WA 98031?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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