851 1st Ave N Kent, WA 98032
Downtown Kent NeighborhoodEstimated payment $2,879/month
Highlights
- Territorial View
- Patio
- High Speed Internet
- No HOA
- Forced Air Heating System
- Gated Home
About This Home
Rare 6.5%+ Cap Rate Duplex in Prime Downtown Kent Location! Incredible investment opportunity! This fully leased duplex offers strong cash flow with current rents of $1,450–$1,550 per unit and an estimated 6%+ cap rate. Each unit features 575 sq ft of living space with 1 bedroom, 1 full bathroom, a kitchen with eating space, cozy living room, and stackable washer/dryer. Tenants enjoy private entrances, carport parking with alley access, large on-site storage, and additional front parking. Conveniently located within walking distance major Park & Ride. Excellent long-term rental history and unbeatable location make this a perfect choice for owner-occupants or investors seeking immediate income and long-term value.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2415510
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,184
Year Built
- Built in 1955
Lot Details
- 4,960 Sq Ft Lot
- Gated Home
- Property is Fully Fenced
- 6146600015
- Property is in good condition
Home Design
- Duplex
- Pillar, Post or Pier Foundation
- Block Foundation
- Composition Roof
- Metal Construction or Metal Frame
- Vinyl Construction Material
Interior Spaces
- 1,150 Sq Ft Home
- 1-Story Property
- Territorial Views
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Parking
- 4 Parking Spaces
- Open Parking
Outdoor Features
- Patio
- Outbuilding
Utilities
- Forced Air Heating System
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Kent Subdivision
Listing and Financial Details
- Assessor Parcel Number 6146600015
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,184 | $411,000 | $144,000 | $267,000 |
| 2023 | $3,896 | $366,000 | $144,000 | $222,000 |
| 2022 | $3,876 | $405,000 | $168,000 | $237,000 |
| 2021 | $3,485 | $323,000 | $136,000 | $187,000 |
| 2020 | $3,326 | $276,000 | $117,000 | $159,000 |
| 2018 | $2,914 | $245,000 | $94,000 | $151,000 |
| 2017 | $1,674 | $217,000 | $90,000 | $127,000 |
| 2016 | $1,681 | $121,000 | $34,000 | $87,000 |
| 2015 | $1,566 | $116,000 | $33,000 | $83,000 |
| 2014 | -- | $105,000 | $33,000 | $72,000 |
| 2013 | -- | $94,000 | $33,000 | $61,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2025 08/01/25 | For Sale | $479,000 | +49.7% | $417 / Sq Ft |
| 10/21/2021 10/21/21 | Sold | $320,000 | -5.9% | $278 / Sq Ft |
| 09/22/2021 09/22/21 | Pending | -- | -- | -- |
| 09/14/2021 09/14/21 | Price Changed | $339,999 | -2.9% | $296 / Sq Ft |
| 08/30/2021 08/30/21 | For Sale | $349,999 | 0.0% | $304 / Sq Ft |
| 08/29/2021 08/29/21 | Pending | -- | -- | -- |
| 08/20/2021 08/20/21 | For Sale | $349,999 | -- | $304 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $320,000 | First American Title | |
| Warranty Deed | $93,671 | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $240,000 | New Conventional | |
| Previous Owner | $20,000 | Credit Line Revolving | |
| Previous Owner | $116,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $105,000 | Unknown | |
| Previous Owner | $97,850 | FHA |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2415510
APN: 614660-0015
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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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