Listed by Northmarq Multifamily, LLC, Bought with Keller Williams Realty PS
NOT LISTED FOR SALE

10839 SE 200th St Kent, WA 98031

Meridian Neighborhood
12 Beds
6 Baths
5,214 Sq Ft
1.05 Acres

Last Sold July 19, 2024

Last sale price $1,700,000 $326 Per Sq Ft

10 Days on Market

Highlights

  • RV Access or Parking
  • 1.05 Acre Lot
  • Secluded Lot
  • Kentridge High School Rated A
  • Green Roof
  • No HOA

About This Home

As of July 2024

Seller Financing available! Seller carry 25% down, 5% interest for 2 years. 10839 SE 200th St in Kent, WA showcases a collection of six two-bedroom units averaging 869 SF each. Recent enhancements include upgraded countertops, cabinetry, flooring, and lighting in select units. Every residence is furnished with essential appliances such as washer, dryer, microwave, and garbage disposal. Opportunities for further unit improvements exist, alongside potential supplementary revenue streams from utility bill backs and paid parking. Positioned as a stable investment prospect, this property offers investors the prospect of enhanced rental income through modest renovations and market rate leasing.

Last Agent to Sell the Property

Brendan Greenheck

Northmarq Multifamily, LLC License #22004896 Listed on: 06/07/2024

Last Buyer's Agent

Kindalem Asres

Keller Williams Realty PS License #23023603

Keller Williams Realty PS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2247526

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,998

Year Built

  • Built in 1978 | Remodeled

Lot Details

  • 1.05 Acre Lot
  • Street terminates at a dead end
  • Secluded Lot

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Vinyl Flooring

Parking

  • 13 Parking Spaces
  • Open Parking
  • RV Access or Parking

Eco-Friendly Details

  • Green Roof

Outdoor Features

  • Patio
  • Outbuilding

Schools

  • Glenridge Elementary School
  • Meeker Jnr High Middle School
  • Kentridge High School

Utilities

  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Panther Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0522059252

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,998

Year Built

Built in 1978 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1978
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 342

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition, Green (Living)
  • Lot Features: Dead End Street, Paved, Secluded
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 13
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 13
  • ParkingUncoveredSpaces: 13

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 7200

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Kent
  • High School: Kentridge High
  • Middle Or Junior School: Meeker Jnr High

Lot Info

  • Parcel Number: 0522059252
  • Lot Size Acres: 1.0537
  • Lot Size Sq Ft: 45900
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet,Outbuildings,Patio,RV Parking
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11.96
  • LeasedItems: None
  • TotalMonthlyIncome: 10800

Multi Family

  • Gross Scheduled Income: 129600
  • Net Operating Income: 79555
  • Number Of Units Total: 6
  • Insurance Expense: 3200
  • Leasable Area: 5214
  • EnergySource: Electric
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 15998

MLS Schools

  • Elementary School: Glenridge Elem

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2024 07/19/24 Sold $1,700,000 +9.7% $326 / Sq Ft
06/17/2024 06/17/24 Pending -- -- --
06/07/2024 06/07/24 For Sale $1,550,000 -- $297 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brendan Greenheck

    Seller's Agent in 2024

    Brendan Greenheck

    Northmarq Multifamily, LLC

    (425) 749-9593

    1 in this area

    8 Total Sales

    Section Image
  • Kindalem Asres

    Buyer's Agent in 2024

    Kindalem Asres

    Keller Williams Realty PS

    (253) 835-4500

    1 in this area

    12 Total Sales

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2247526

Northwest Multiple Listing Service (NWMLS)

Washington King County Kent 98031 Meridian

10839 SE 200th St, Kent, WA

This home is located at 10839 SE 200th St, Kent, WA 98031 since 07 June 2024. This property was built in 1978. 10839 SE 200th St is a home located in King County with nearby schools including Glenridge Elementary School, Meeker Middle School, and Kentridge High School.

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.

Northwest Multiple Listing Service (NWMLS) 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.
Based on information submitted to the MLS GRID

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