Kent Homes with 55 - 5-9 Units Style

Kent Homes with 55 - 5-9 Units Style

Welcome to Kent, Washington – a vibrant city nestled in the heart of King County, just south of Seattle. Known for its lush green parks, scenic views, and a strong sense of community, Kent offers a perfect blend of urban convenience and suburban charm. With a rich history dating back to the late 19th century, this city has evolved into a thriving hub for families, professionals, and outdoor enthusiasts alike.

Kent boasts a diverse range of housing options, and among the most appealing are the homes with 55 to 59 units. These properties provide an excellent opportunity for those looking to invest in multi-family living spaces. With their thoughtfully designed layouts and modern amenities, these units cater to a variety of lifestyles, making them perfect for both renters and homeowners.

Living in Kent means enjoying a wealth of recreational activities, from exploring the picturesque Lake Meridian to hiking the trails of the nearby Green River Natural Resources Area. The city also features an array of shopping, dining, and entertainment options, ensuring that residents have everything they need right at their fingertips.

Moreover, Kent's strategic location grants easy access to major highways and public transportation, making commuting to Seattle and other neighboring cities a breeze. Whether you’re drawn to Kent for its rich community spirit, excellent schools, or the appealing lifestyle it offers, you’ll find that homes in this area are not just a place to live, but a gateway to a fulfilling life. Explore the possibilities in Kent today and discover why this city is a hidden gem in the Pacific Northwest!

Newest Kent Homes with 55 - 5-9 Units Style

$1,500,000
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 Broker: Windermere Real Estate JS; Kyle Wells; 360-631-2996; kylewells@windermere.com

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