Listed by Redfin
$1,279,000

723 1st Ave S Kent, WA 98032

South Kent Neighborhood

Estimated payment $7,832/month

Total Views 7,637
8 Beds
8 Baths
3,992 Sq Ft
$320 Price per Sq Ft

Highlights

  • No HOA
  • Baseboard Heating
  • Wood Siding
  • Property is near a preserve or public land

About This Home

4-PLEX &/OR 8-PLEX! HUGE CASH FLOW! ZERO owner utility expense-tenants pay all. Meticulously maintained townhome-style units w/ spacious floorplans, 1/2 bath on main, private patios, & fully fenced yards. Feels & rents like 3BRs thanks to original partition walls w/ closet & egress in each. All units updated w/ new carpet, appliances, & other improvements, boosting appeal & rental potential. Always rent fast & stays occupied, ensuring steady income. Strong rental history w/upside potential through market-rate adjustments. Moments to Sounder train, shopping, & entertainment, plus minutes to one of the nation’s largest industrial corridors. Building 729 also for sale.Check MLS#2424837. Strong rental history w/upside potential. Call Today!

Listing Agent

Sue Dhillon

Redfin License #87708 Listed on: 08/12/2025

Redfin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2417797

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,614

Year Built

  • Built in 1979

Lot Details

  • 9,316 Sq Ft Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,992 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 10 Parking Spaces
  • Open Parking

Schools

  • Carriage Crest Elementary School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Watermans Acre Trs To Kent Condos
  • Kent Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 9197100322

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,614

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1979
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Watermans Acre Trs To Kent
  • New Construction: No
  • CalculatedSquareFootage: 3992
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: *Thank you*
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Adjacent to Public Land
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Block
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Kent5
  • WaterCompany: City of Kent
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Kent
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 9197100322
  • Lot Size Acres: 0.2139
  • Lot Size Sq Ft: 9316
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Realist- Buyer to Verify
  • MLSSquareFootageSource: Realist- Buyer to Verify
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13.3
  • LeasedItems: None
  • TotalMonthlyIncome: 8015

Multi Family

  • Gross Scheduled Income: 96180
  • Net Operating Income: 67602
  • Number Of Units Total: 4
  • Insurance Expense: 3350
  • Leasable Area: 3992
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 12614.3

MLS Schools

  • Elementary School: Carriage Crest 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

Property History

Date Event Price Change Sq Ft Price
08/12/2025 08/12/25 For Sale $1,279,000 +11.2% $320 / Sq Ft
08/15/2023 08/15/23 Sold $1,150,000 -7.9% $288 / Sq Ft
06/08/2023 06/08/23 Pending -- -- --
04/28/2023 04/28/23 For Sale $1,249,000 0.0% $313 / Sq Ft
03/12/2023 03/12/23 Pending -- -- --
03/01/2023 03/01/23 For Sale $1,249,000 +31.5% $313 / Sq Ft
02/24/2022 02/24/22 Sold $950,000 +11.8% $238 / Sq Ft
02/10/2022 02/10/22 Pending -- -- --
02/10/2022 02/10/22 For Sale $849,998 -- $213 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2417797

Northwest Multiple Listing Service (NWMLS)
Washington King County Kent 98032 South Kent

723 1st Ave S, Kent, WA

This home is located at 723 1st Ave S, Kent, WA 98032 and is currently priced at $1,279,000, approximately $320 per square foot. This property was built in 1979. 723 1st Ave S is a home located in King County with nearby schools including Scenic Hill Elementary School, Mill Creek Middle School, and Kent-Meridian 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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Sue Dhillon
Listing Agent
Sue Dhillon
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Redfin
(253) 499-7799