Listed by John L. Scott, Inc
$1,295,000
$55K PRICE DROP

Estimated payment $10,684/month

Total Views 2,472
12 Beds
6 Baths
5,580 Sq Ft
$232 Price per Sq Ft

Highlights

  • 2.79 Acre Lot
  • Corner Lot
  • Carpet
  • Territorial View
  • Baseboard Heating

About This Home

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 property delivers steady cash flow & long-term upside in a growing rental market. Fantastic location close to Kent Station shopping & dining, parks, & the ShoWare Center, with easy access to Sounder Rail, I-5, & Hwy 167. A rare turn-key opportunity in the heart of Kent!

Listing Agent

Vanessa Betancourt

John L. Scott, Inc License #22015370 Listed on: 08/21/2025

John L. Scott, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2423824

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,108

Year Built

  • Built in 1979

Lot Details

  • 2.79 Acre Lot
  • Street terminates at a dead end
  • Corner Lot
  • Property is in good condition

HOA Fees

  • $2,809 Monthly HOA Fees

Home Design

  • Composition Roof
  • Wood Composite

Interior Spaces

  • 5,580 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Parking

  • 12 Parking Spaces
  • Open Parking

Schools

  • Scenic Hill Elementary School
  • Mill Creek Mid Sch Middle School
  • Kent-Meridian High School

Utilities

  • Baseboard Heating

Community Details

  • Maple Lane Court Condo
  • Kent Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5097600250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,108

Year Built

Built in 1979

Lot Details

0

HOA Fees

$2,809 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1979
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Maple Lane Court Condo
  • New Construction: No
  • CalculatedSquareFootage: 5580
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Buyer to Request Compensation in Offer
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 12
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 12

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: HOA
  • WaterCompany: HOA

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 2809
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Junior High Dist: Kent
  • High School: Kent-Meridian High
  • Middle Or Junior School: Mill Creek Mid Sch

Lot Info

  • Parcel Number: 5097600250
  • Lot Size Acres: 2.789
  • Lot Size Sq Ft: 121491
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11.3
  • LeasedItems: None
  • TotalMonthlyIncome: 10065

Tax Info

  • Year: 2025
  • Tax Annual Amount: 12108

Multi Family

  • Number Of Units Total: 6
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Scenic Hill Elem

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,024 $189,000 $33,200 $155,800
2023 $1,865 $187,000 $31,200 $155,800
2022 $1,853 $169,000 $29,300 $139,700
2021 $1,645 $148,000 $29,300 $118,700
2020 $1,552 $124,000 $29,300 $94,700
2018 $1,388 $110,000 $19,500 $90,500
2017 $833 $97,000 $17,600 $79,400
2016 $857 $55,000 $17,600 $37,400
2015 $876 $55,000 $15,600 $39,400
2014 -- $55,000 $15,600 $39,400
2013 -- $64,000 $15,600 $48,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2025 10/02/25 Price Changed $1,295,000 -4.1% $232 / Sq Ft
08/21/2025 08/21/25 For Sale $1,350,000 -- $242 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $243,500 --
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2423824

Northwest Multiple Listing Service (NWMLS)

APN: 509760-0250