Listed by Paragon Real Estate Advisors, Bought with Paragon Real Estate Advisors
$4,550,000
SOLD JUN 18, 2025

20611 108th Ave SE Kent, WA 98031

Meridian Neighborhood
-- Bed
-- Bath
21,340 Sq Ft
1.25 Acres

Recently Sold

$213 Per Sq Ft

5% Below List Price

13 Days on Market

Highlights

  • 1.25 Acre Lot
  • No HOA
  • Wood Siding
  • Kentridge High School Rated A

About This Home

As of June 2025

The property features 22 nearly identical 2 bed/1.5 bath townhouse style units with full appliance packages that include a full size washer and dryer, dishwasher, and refrigerator. There are 5 buildings on one parcel and all 5 of the roofs were replaced in February of 2025. There are 44 parking spots in total with 37 carport spaces. The property presents immediate operational upside due to expense load of nearly 50% of EGI. Four of the units have been renovated with LVP floor, quartz countertops, kitchen cabinets, and bathroom vanities leaving a renovation value-add opportunity with the remaining 18 units.

Last Agent to Sell the Property

Ben Douglas

Paragon Real Estate Advisors License #22013305 Listed on: 04/03/2025

Co-Listed By

Michael Urquhart

Paragon Real Estate Advisors License #135356

Last Buyer's Agent

Tanner Fogle

Paragon Real Estate Advisors License #22010829

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2354781

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $57,121

Year Built

  • Built in 1977

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 21,340 Sq Ft Home
  • 2-Story Property

Parking

  • 44 Parking Spaces
  • Open Parking

Additional Features

  • 1.25 Acre Lot
  • Radiant Heating System

Community Details

  • No Home Owners Association
  • Kent Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0522059290

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$57,121

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1977
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 21340
  • Special Features: None
  • Cumulative Days on Market: 61

Interior Features

  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 37
  • Carport Y N: No
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Total Parking Spaces: 44
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant
  • Heating Yn: Yes
  • WaterSewerGarbage: 54306

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Kent

Lot Info

  • Parcel Number: 0522059290
  • Lot Size Acres: 1.25
  • Lot Size Sq Ft: 54450
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 9.63
  • LeasedItems: None
  • TotalMonthlyIncome: 41477

Multi Family

  • Gross Scheduled Income: 497720
  • Net Operating Income: 252583
  • Number Of Units Total: 22
  • Insurance Expense: 22000
  • Leasable Area: 21340
  • EnergySource: Electric
  • UnitsInBuildingTotal: 22
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 57121

Range of Values:

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List Price
Sold Price
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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
06/18/2025 06/18/25 Sold $4,550,000 -5.1% $213 / Sq Ft
04/16/2025 04/16/25 Pending -- -- --
04/03/2025 04/03/25 For Sale $4,795,000 -- $225 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ben Douglas

    Seller's Agent in 2025

    Ben Douglas

    Paragon Real Estate Advisors

    (206) 623-8880

    1 in this area

    27 Total Sales

    Ben Douglas
    Section Image
  • Michael Urquhart

    Seller Co-Listing Agent in 2025

    Michael Urquhart

    Paragon Real Estate Advisors

    (206) 812-9123

    1 in this area

    89 Total Sales

    Michael Urquhart
    Section Image
  • Tanner Fogle

    Buyer's Agent in 2025

    Tanner Fogle

    Paragon Real Estate Advisors

    (360) 771-0010

    1 in this area

    2 Total Sales

    Tanner Fogle
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2354781

Northwest Multiple Listing Service (NWMLS)
Washington King County Kent 98031 Meridian

20611 108th Ave SE, Kent, WA

This home is located at 20611 108th Ave SE, Kent, WA 98031 and is currently priced at $4,550,000, approximately $213 per square foot. This property was built in 1977. 20611 108th Ave SE is a home located in King County with nearby schools including Springbrook 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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