$950,000
SOLD FEB 24, 2022

723 1st Ave S Kent, WA 98032

South Kent Neighborhood
-- Bed
-- Bath
3,992 Sq Ft
9,316 Sq Ft Lot

Recently Sold

$238 Per Sq Ft

12% Above List Price

Highlights

  • No HOA
  • Patio
  • Wall to Wall Carpet

About This Home

As of August 2023

Amazing opportunity for a cashflow property in the heart of Kent. This quadplex offers townhome style units. 2 BD 1.5 BA, with long term tenants below market value and property management in place. Rent prices in Kent have increased over 30% in the past 5 years. Build equity while having positive cashflow every month. Proximity to freeway, restaurants, shopping center, Kent Station and downtown make this a commuter's favorite. Add value by bringing rents to market value and increase charge back for utilities. Must be purchased with adjacent quadplex (MLS:1887886 ). Do not disturb tenants.

Last Agent to Sell the Property

Marius Ion

COMPASS License #133434 Listed on: 02/10/2022

COMPASS

Co-Listed By

Duy Hoang

COMPASS License #104325

Last Buyer's Agent

Marius Ion

COMPASS License #133434 Listed on: 02/10/2022

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1887853

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,679

Year Built

  • Built in 1979

Lot Details

  • 9,316 Sq Ft Lot
  • Lot Dimensions are 162x57
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

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

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

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

Community Details

  • No Home Owners Association
  • Kent Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9197100322

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,679

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
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3992
  • SOCComments: Thank you. You deserve it.
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Kent
  • WaterCompany: City of Kent
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 8384

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 9197100322
  • Lot Size Acres: 0.2139
  • Lot Size: 162x57
  • Lot Size Sq Ft: 9316
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13.11
  • LeasedItems: None
  • TotalMonthlyIncome: 5514

Multi Family

  • Gross Scheduled Income: 64800
  • Net Operating Income: 27475
  • Number Of Units Total: 4
  • Electric Expense: 468
  • Insurance Expense: 1300
  • Leasable Area: 3992
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 9679

MLS Schools

  • Elementary School: Scenic Hill Elem

Range of Values:

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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
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)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Kyle Simon

    Global Real Estate Group

    (206) 228-6043

    2 in this area

    6 Total Sales

    Kyle Simon
    Section Image
  • Marius Ion

    Seller's Agent in 2022

    Marius Ion

    COMPASS

    (425) 466-7876

    2 in this area

    168 Total Sales

    Marius Ion
    Section Image

  • D

    Seller Co-Listing Agent in 2022

    Duy Hoang

    COMPASS

    (425) 628-4368

    2 in this area

    52 Total Sales

    Duy Hoang
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1887853

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 $950,000, approximately $237 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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