Green River Homes with 54 - 4-Plex Style

Welcome to Green River, a charming neighborhood nestled in the heart of Kent, Washington. Known for its scenic beauty and vibrant community, Green River offers a unique blend of suburban tranquility and urban convenience, making it an ideal place for families, young professionals, and retirees alike.

One of the standout features of this neighborhood is its stunning natural surroundings. With the Green River winding through the area, residents enjoy picturesque views and ample opportunities for outdoor activities, including hiking, biking, and fishing. The nearby parks and green spaces provide perfect spots for picnics, family gatherings, and leisurely strolls, fostering a strong sense of community among neighbors.

In terms of housing, Green River boasts a diverse selection of homes, with a unique focus on 4-plex style residences. These multi-family homes offer an excellent opportunity for those looking to invest in real estate or for families seeking spacious living arrangements. With four separate units, the 4-plex homes provide flexibility and affordability, making it easier to accommodate extended family or generate rental income. Each unit is designed with comfort and functionality in mind, featuring modern amenities, ample natural light, and private outdoor spaces.

The neighborhood is also conveniently located near essential amenities, including shopping centers, schools, and healthcare facilities, ensuring that residents have everything they need within reach. With its friendly atmosphere and strong community spirit, Green River is not just a place to live; it’s a place to thrive. Come discover the charm of Green River and envision your future in this delightful neighborhood!

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

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