Estimated payment $13,874/month
Turnkey 8-unit multifamily investment with strong returns and future upside. Each spacious 2BD/1BA unit has been extensively renovated with luxury vinyl plank flooring, stainless steel appliances, and updated fixtures. Major capital improvements—including new roofs, furnaces, and water heaters—eliminate deferred maintenance. Tenants enjoy private garages, in-unit laundry, and large shared fenced yards. Ideally located between Seattle and Tacoma, close to walkable schools, transit, and major employers. The Kent/Auburn submarket saw 95.3% occupancy in the Q1 2025 and is projected for effective rent increases of 4.2% through 2025. Offers a true 7.3% cap rate with potential for income growth. Optional portfolio sale w/ nearby 7-unit MLS#2394374
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2394373
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/29/2025 07/29/25 | Pending | -- | -- | -- |
| 07/09/2025 07/09/25 | For Sale | $2,300,000 | +113.3% | $288 / Sq Ft |
| 04/08/2019 04/08/19 | Sold | $1,078,500 | -13.7% | $135 / Sq Ft |
| 02/05/2019 02/05/19 | Pending | -- | -- | -- |
| 01/26/2019 01/26/19 | For Sale | $1,250,000 | -- | $156 / Sq Ft |
$2,000,000
7-unit multifamily property offering strong current income and long-term potential. Each spacious 2BD/1BA unit has been renovated with luxury vinyl plank flooring, stainless steel appliances, and updated fixtures. Major capital improvements—including new roofs, furnaces, and water heaters—eliminate deferred maintenance. Tenants enjoy in-unit laundry, private garages, and fully fenced private
Rachel Harwood COMPASS
$2,650,000
Price reduced! Investors! Unique opportunity to purchase these 4 triplexes, EACH ON IT'S OWN TAX LOT! Giving you the option to buy with individual, lower-rate residential loans if desired! These one-level units are easy to rent, offer a coin operated laundry facility for extra income, offer lots of parking, have been nicely updated and are located in a great location.
Bill Grover Windermere Real Estate/PSR Inc
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2394373
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