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(253) 691-1540
Real Estate Company
21902 84th Avenue S, Kent, WA 98032
- $1,380,000
- 2,024
- SqFt
Listing Broker: Coldwell Banker Danforth; Caroline L. Bouvier; 206-650-0431; caroline.l.bouvier@gmail.com
- List Price
- $1,380,000
- Status
- ACTIVE
- MLS#
- 2590251
- Style
- 54 - 4-Plex
- Building Condition
- Average
- Finished SqFt
- 2,024
- Area Total SqFt
- 2024
- Annual Tax Ammount
- 9570
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 11,835
- Sewer
- Sewer Connected
Property Description
Rare and exceptional investment opportunity in downtown Kent! Situated on an 11,835 SF I2-zoned parcel, the recently updated fourplex offers a compelling combination of immediate cash flow and future flexibility. This investment offers nearly $90,000 in current annual rental income with three 2-bedroom units and one 1-bedroom unit, all thoughtfully designed on a single level. Each unit includes ensuite laundry, newer appliances, hard flooring and quartz countertops. The property has been well maintained and updated with new windows, water heaters and forced air heat for comfortable interiors. Tenants pay their own utilities, keeping owner expenses low. The substantial site features a highly functional layout, combining the existing building footprint with ample parking and open areas. The approximately 10 parking spaces provide exceptional convenience, and a large backyard adds value. Ideally positioned in a commercial/industrial area with convenient access to major transportation routes, employment centers, shopping and services. A distinctive property offering four well-appointed residential units, abundant parking and a sizeable parcel in a highly accessible Kent location. Buyer to verify zoning, permitted uses and development potential with the City of Kent.
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Additional Information
- Community
- Downtown Kent
- Net Operating Income
- $76,315
- Gross Adjusted Income
- $76,315
- Gross Scheduled Income
- $88,800
- Total Monthly Income
- $7,400
- Insurance Expenses
- $2,915
- Gross Rent Multiplier
- 15.54
- Total Expenses
- $12,485
- Cap Rate
- 5.5
- Total Number of Units
- 4
- Unit Name
- 21902
- Potential Terms
- Cash, Conventional
- Year Built
- 1958
- View
- Territorial
- Roof
- Composition
- Site Features
- Hot Tub/Spa
- Energy Source
- Electric
- School District
- Kent
- Elementary School
- River Ridge Elementary
- Middle School
- Mill Creek Mid Sch
- High School
- Kentridge High
- Total Monthly Income
- $7,400
- Gross Scheduled Income
- $88,800
- Gross Adjusted Income
- $76,315
- Tax Year
- 2026
- Insurance Expense
- $2,915
- Total Expenses
- $12,485
- Net Operating Income
- $76,315
- Gross Rent Multiplier
- 15.54
- Cap Rate
- 5.5
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.