Listed by Westlake Associates, Inc.
$4,726,667
SOLD JUN 10, 2025
-- Bed
-- Bath
15,900 Sq Ft
1.07 Acres

Recently Sold

$297 Per Sq Ft

12% Below List Price

Highlights

  • 1.07 Acre Lot
  • Vinyl Plank Flooring
  • 1-Story Property
  • No HOA
  • Wood Siding

About This Home

As of June 2025

21-Unit apartment community. The property is situated on a 1.07 acre lot sitting on two parcels, less than a mile away from Kent Station light rail stop. The apartments have front and back entrances that open up to grassy rear yards, along with off-street parking for residents. The unit interiors feature full size washer and dryer hookups, vaulted ceilings, and fireplaces in the end units. All units have been recently remodeled and buildings have new electrical panels.

Last Agent to Sell the Property

Brian Thirtyacre

Westlake Associates, Inc. License #1648 Listed on: 11/11/2024

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2309915

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $41,436

Year Built

  • Built in 1962

Lot Details

  • 1.07 Acre Lot
  • 9197100201

Home Design

  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 15,900 Sq Ft Home
  • 1-Story Property
  • Vinyl Plank Flooring

Parking

  • 32 Parking Spaces
  • Open Parking

Community Details

  • No Home Owners Association
  • Kent Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9197100200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$41,436

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1962
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 15900
  • Special Features: None

Interior Features

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

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 32
  • Open Parking: Yes
  • Total Parking Spaces: 32
  • ParkingUncoveredSpaces: 32

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating Yn: Yes
  • WaterSewerGarbage: 34164

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Kent

Lot Info

  • Parcel Number: 9197100200
  • Lot Size Acres: 1.0749
  • Lot Size Sq Ft: 46824
  • Additional Parcels Description: 9197100201
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: King County
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10.61
  • LeasedItems: None
  • TotalMonthlyIncome: 38494

Multi Family

  • Gross Scheduled Income: 461928
  • Net Operating Income: 293503
  • Number Of Units Total: 21
  • Insurance Expense: 5929
  • Leasable Area: 15900
  • EnergySource: Electric
  • UnitsInBuildingTotal: 21
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 41436

Range of Values:

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Average Value
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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 List to Sale Price per Sq Ft Prior Sale
06/10/2025 06/10/25 Sold $4,726,667 -3.5% $297 / Sq Ft
03/14/2025 03/14/25 Pending -- -- --
01/30/2025 01/30/25 Price Changed $4,900,000 -8.4% $308 / Sq Ft
11/11/2024 11/11/24 For Sale $5,350,000 +32.1% $336 / Sq Ft
03/21/2022 03/21/22 Sold $4,050,000 -4.7% $255 / Sq Ft View Prior Sale
12/09/2021 12/09/21 Pending -- -- --
10/28/2021 10/28/21 For Sale $4,250,000 -- $267 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2309915

Northwest Multiple Listing Service (NWMLS)