About 851 1st Avenue N
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.
Features of 851 1st Avenue N
| MLS® # | 2415510 |
|---|---|
| Price | $479,000 |
| Price Per SqFt | $417 |
| Bathrooms | 0.00 |
| Square Footage | 1,150 |
| Acres | 0.11 |
| Year Built | 1955 |
| Type | Income |
| Sub-Type | Multi-Family |
| Status | Active |
Community Information
| Address | 851 1st Avenue N |
|---|---|
| Area | 330 - Kent |
| Subdivision | Kent |
| City | Kent |
| County | King |
| State | WA |
| Zip Code | 98031 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 1 |
Exterior
| Exterior Features | Metal/Vinyl |
|---|---|
| Lot Description | Alley, Paved, Sidewalk |
| Foundation | Block, Pillar/Post/Pier |
School Information
| District | Kent |
|---|
Additional Information
| Days on Market | 241 |
|---|---|
| Cumulative Days on Market | 241 |
| Days on Website | 83 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Wpi Real Estate Services, Inc. |
|---|