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$479,000
2 Days On Site

851 1st Avenue N
Kent, WA 98031

For Sale|Multi Family|Active
0
Beds
0
Total Baths
1,150
SqFt
$417
/SqFt
1955
Built
Cumulative Days On Market:
161
Subdivision:
Kent
County:
King
Courtesy of NWMLS
Listing courtesy of Tina Lee of WPI Real Estate Services, Inc.
851 1st Avenue N851 1st Avenue N851 1st Avenue N851 1st Avenue N
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Mortgage Calculator

Monthly Payment (Est.)

$2,185
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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.

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Listing Snapshot
Price 
$479,000
Days On Site 
2 Days
Bedrooms 
N/A
Inside Area (SqFt) 
1,150 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1139 Acres
Year Built 
1955
MLS® Number 
2415510
Status 
Active
Property Tax 
$4,184
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
2 days agoListing first seen on site
General Features
Acres 
0.1139
Additional Property Use 
Multi-Family
Carport 
2
Foundation 
BlockPillar/Post/Pier
Number Of Stories 
1
Parking Spaces 
4
Property Sub Type 
Multi Family
Security 
Security Gate
SqFt Total 
1150
Utilities 
Cable AvailableSewer Connected
Water Source 
Public
Zoning 
Multi-Family
Interior Features
Flooring 
LaminateVinylCarpet
Heating 
ElectricForced Air
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Exterior Features
Construction Details 
Vinyl SidingMetal Siding
Fencing 
Fenced
Lot Features 
Paved
Other Structures 
Outbuilding
Patio And Porch 
Patio
Roof 
Composition
View 
Territorial
Waterview 
Territorial
Community Features
Financing Terms Available 
ConventionalFHAVA Loan
MLS Area 
330 - Kent
School District 
Kent
Schools
School District
Kent
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Courtesy of NWMLS
Listing courtesy of Tina Lee of WPI Real Estate Services, Inc.



Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2025-08-03 04:47 PM PDT

Neighborhood & Commute
Source: Walkscore
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