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.
Active
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
Est.:
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
- 1 day
- on Zillow |
- 83 |
- 3 |
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#: 2415510

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Tour with a buyer's agent
Tour with a buyer's agent
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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