851 1st Avenue N, Kent, WA 98031 (MLS # 2415510)

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Listing provided courtesy of Northwest MLS; WPI Real Estate Services, Inc.

PRICE $479,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 1,150 sqft
LOT SIZE 4,962 sqft

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.

LAST UPDATED 8/1/2025 NEIGHBORHOOD Kent
YEAR BUILT 1955 COMMUNITY Kent
COUNTY King STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR None
AREA 330 - Kent
CONSTRUCTION Metal Siding, Vinyl Siding
HEAT Electric, Forced Air
LOT 4961 sq ft
LOT DESCRIPTION Alley, Paved, Sidewalk
MLS STATUS Active
STORIES 1
STYLE 52 - Duplex
SUBDIVISION Kent
TAXES 4184
UTILITIES Cable Available, Sewer Connected
VIEW Yes
VIEW DESCRIPTION Territorial
WATER Public
ZONING Multi-Family
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 8/3/25 10:54 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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