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North Park Multifamily Home for Sale

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    $479,000

    • 2 Beds
    • 2 Baths
    • 1,150 Sq Ft

    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.

    851 1st Ave N, Kent, WA 98032

Why Live in North Park

North Park in Kent features a variety of home styles, including midcentury modern, cottage, and ranch-style properties. Homes in this neighborhood typically remain on the market for about 22 days. The area offers numerous parks and recreational opportunities. Rosebed Park, the city's oldest park, is known for its blooming rose bushes, while Commons Neighborhood Park includes a community garden. Families with young children can visit Kiwanis Tot Park #2, and sports enthusiasts can enjoy Kent Memorial Park's facilities for baseball, softball, and wiffle ball. Kherson Park stands out with its NASA-inspired play structure and space-themed decorations. For indoor activities, the nearby Kent Commons Community Center offers racquetball courts, a weight room, and two gyms. North Park is primarily residential, so residents often travel to the downtown commercial district for shopping and dining, with options like See’s Candies and the Kent Station shopping center, which also hosts events. The neighborhood is well-connected with public bus stops, the Kent Rail Station, and proximity to State Route 167. Seattle-Tacoma International Airport is about 17 minutes away. Students in North Park attend schools in the Kent School District, with Kent-Meridian High School offering a Highly Capable program. Green River Community College also has a campus nearby, providing higher education opportunities in a friendly setting.
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