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  • Listed by: 

    Tina Lee,

    WPI Real Estate Services, Inc.,

    Tsz Chun Lo,

    WPI Real Estate Services, Inc.

    $479,000

    851 1st Avenue N, Kent, WA 98031

    2beds
    2baths
    1,150sqft
    : 
    Duplex
    Built in 1955
    -- sqft lot
    $478,400 Zestimate®
    $417/sqft
    $-- HOA

    What's special

    Additional front parkingKitchen with eating spaceLarge on-site storagePrivate entrances
    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.
    1 day
    on Zillow
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    83
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    3
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    Likely to sell faster than

    Zillow last checked: 7 hours ago

    Listing updated: August 01, 2025 at 09:31pm

    Listed by:

    Tina Lee,

    WPI Real Estate Services, Inc.,

    Tsz Chun Lo,

    WPI Real Estate Services, Inc.

    Source: NWMLS,MLS#: 2415510MLS Logo
    Travel times

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    Next available tour time:Today at 2:30pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    Heating
    • Forced Air, Electric
    Cooling
    • None
    Features
    • Flooring: Laminate, Vinyl, Carpet
    • Has fireplace: No
    Interior area
    • Total structure area: 1,150
    • Total interior livable area: 1,150 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Open
    • Carport spaces: 2
    • Uncovered spaces: 2
    Features
    • Has view: Yes
    • View description: Territorial
    Lot
    • Size: 4,961.48 Square Feet
    • Features: Paved, Sidewalk, Cable TV, Fenced-Fully, Gated Entry, High Speed Internet, Outbuildings, Patio
    Details
    • Parcel number: 6146600015
    • Zoning description: Multi-Family,Jurisdiction: City
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    Materials
    • Metal/Vinyl
    • Foundation: Block
    • Roof: Composition
    Condition
    • Good
    • Year built: 1955

    Utilities & green energy

    • Electric: Company: Puget sound energy
    • Sewer: Sewer Connected, Company: city of kent
    • Water: Public, Company: city of kent

    Community & HOA

    Community
    • Subdivision: Kent
    Location
    • Region: Kent

    Financial & listing details

    • Price per square foot: $417/sqft
    • Tax assessed value: $411,000
    • Annual tax amount: $4,184
    • Date on market: 2/22/2025
    • Listing terms: Conventional,FHA,State Bond,VA Loan
    • Cumulative days on market: 162 days
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