$1,279,000
729 1st Ave S, Kent, WA 98032
4-PLEX &/OR 8-PLEX! HUGE CASH FLOW! ZERO owner utility expense-tenants pay all. Meticulously maintained townhome-style units w/ spacious floorplans, 1/2 bath on main, private patios, & fully fenced yards. Feels & rents like 3BRs thanks to original partition walls w/ closet & egress in each. All units updated w/ new carpet, appliances, & other improvements, boosting appeal & rental potential.
Sue Dhillon Redfin
Explore Kent
$1,279,000
723 1st Ave S, Kent, WA 98032
4-PLEX &/OR 8-PLEX! HUGE CASH FLOW! ZERO owner utility expense-tenants pay all. Meticulously maintained townhome-style units w/ spacious floorplans, 1/2 bath on main, private patios, & fully fenced yards. Feels & rents like 3BRs thanks to original partition walls w/ closet & egress in each. All units updated w/ new carpet, appliances, & other improvements, boosting appeal & rental potential.
Sue Dhillon Redfin
$1,350,000
1601 Maple Ln Unit D1-D6, Kent, WA 98030
Investor Alert! Fully occupied 6-unit multifamily just minutes from Kent Station. Each unit offers 2 bedrooms / 1 bath plus the convenience of an in-unit washer & dryer—a tenant favorite. Recent updates include a 7-year-old roof, new electrical panels, siding, gutters, decks, & attic insulation—reducing future expenses for the next owner. With 100% occupancy & a proven rental history, this
Vanessa Betancourt John L. Scott, Inc
$2,499,950
405 E Titus St, Kent, WA 98030
Location,Location!! Discover this desirable 9-unit multifamily investment, just blocks from Downtown Kent, Kent Station, the Sounder Train, and an abundance of restaurants and retail. Each spacious unit offers 1,056 SF with 2 bedrooms, 1.5 baths, in-unit washer/dryer, and a fireplace for comfortable living. Five of the units have been tastefully remodeled, achieving strong rental income.Pride of
Mimi Kwon Best Choice Realty LLC
$1,725,000
418 W Meeker St, Kent, WA 98032
Fully occupied 7.39% cap rate + Value-add in downtown Kent location - Mixed-use building with 3 retail units and 5 apartments boasts strong in-place rents and ability to renovate remaining two apartment units. Renovated in 2021 including retail spaces. Aladin Bail Bonds anchors ground floor retail with 7 years remaining on lease and yearly 4% increases. Potential for owner-user in need of
Ethan Szmania The Foundation Group LLC
$479,000
851 1st Ave N, Kent, WA 98032
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
Tina Lee WPI Real Estate Services, Inc.
$849,950
2716 S 256th Place, Kent, WA 98032
Excellent Investment Opportunity! Don’t miss this well-maintained 4-unit multifamily property located at the end of a quiet dead-end street. This versatile property features: Two 2-bedroom, 1-bath units and Two 1-bedroom, 1-bath units. A well-balanced unit mix ideal for steady rental income. Key improvements include a new roof, windows, siding, and gutters (10 yrs ago). Upper units are vacant,
Brenda Courtade Berkshire Hathaway HS NW
$2,695,000
619 1st Ave S, Kent, WA 98032
First Avenue Townhomes is a well-maintained 11-unit townhome-style community located in Kent, WA. Built in 1966, the property offers large, two-bedroom, one-and-a-half bath units averaging 1,000 SF with walk-up entries, generous living areas, private patios, and skylit bathrooms. Each unit includes washer/dryer hookups and functional two-level layouts with ample storage. Recent capital
Daniel Lim Lee & Associates Commercial RE
$995,000
11120 SE 234th Place, Kent, WA 98031
Zoned for 6 units (buyer to verify) This unique home features nicely remodeled manufactured home, large garage with two additional units . Rents and other financials are pro forma based on Zillow estimates. Sold as-is
Laura Lundin Abbey Realty Inc
Kent's entertainment scene centers around the accesso ShoWare Center, which hosts concerts, Seattle Thunderbirds hockey games, and family shows with free parking. Kent Station serves as a shopping and dining destination connected to the Sounder train for easy regional access. Outdoor recreation spans 73 parks, including the 130-acre Clark Lake Park with fishing and BMX facilities, plus Lake Meridian Park's swimming and boating amenities. The Green River Trail provides extensive paths for walking and cycling, while the Kent Farmers Market brings local produce and crafts to Town Square Plaza.
The housing market in Kent presents diverse options across distinct neighborhoods. The median price for single family homes varies by area: $725,000 in East Hill, $767,500 in Lake Morton-Berrydale, $450,000 in North Park, $663,500 in Cambridge and Kentwood, $695,000 in Scenic Hill, and $776,100 in Lake Fenwick. Townhouses in The Lakes have a median price of $435,000. Condominiums start at a median price of $250,000 for one bedroom units and $374,100 for two bedrooms.
Kent's cost of living stands 24% above the national average. A family with school-age children needs approximately $130,000 annually to live comfortably, while renters should aim for $72,000. Monthly grocery costs run $1,700 for families and $800 for renters. The combined sales tax rate is 9.43%, and the property tax rate is 0.84%. Kent's location 19 miles south of Seattle provides convenient commuting via Sounder rail service, King County Metro buses, Interstate 5, and State Route 167. The public Kentridge High School maintains an A rating from Niche, while Seattle Christian School serves as a highly rated private option with an A minus rating.
On average, homes in Kent, WA sell after 33 days on the market compared to the national average of 52 days. The median sale price for homes in Kent, WA over the last 12 months is $653,000, consistent with the median home sale price over the previous 12 months.
In Kent, buyers are drawn to functional homes with modern touches and mountain views, especially in neighborhoods like East Hill and Scenic Hill.
In Kent, there are currently 9 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $479,000 to $2,695,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Kent is $678,500, while the average sale price is $659,740, offering insights into the local housing market. On average, multi-family homes spend 33 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Kent, WA.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. 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, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
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