851 1st Ave N Kent, WA 98032
North Park NeighborhoodEstimated payment $3,057/month
Highlights
- Territorial View
- Patio
- High Speed Internet
- No HOA
- Forced Air Heating System
- Gated Home
About This Home
Rare Over 6% cap rate return! Duplex Prime Investment Opportunity. Fantastic opportunity to own a duplex in the heart of Downtown Kent, perfect for an owner-occupied investment or as a cash-flowing property for investors for instant income. This duplex rents easily & is now fully leased w/ rents $1450-1550/mo. per unit. Each unit offers 575 sqft of living space, featuring 1 bedroom, 1 full bathroom, a kitchen with eating space, a cozy living room, stackable washer and dryer, and a full bath. Walking distance to Kent Station, Sounder Transit, ShoWare Center, and a Park & Ride just 2 blocks away. Alley access with carport parking and a large storage area, plus parking right in front of the home. This property offers versatility and value!
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2325106
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,896
Year Built
- Built in 1955
Lot Details
- 4,960 Sq Ft Lot
- Gated Home
- Property is Fully Fenced
- Property is in good condition
Home Design
- Duplex
- Block Foundation
- Composition Roof
- 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 |
|---|---|---|---|---|
| 05/08/2025 05/08/25 | Price Changed | $514,900 | -6.2% | $448 / Sq Ft |
| 03/20/2025 03/20/25 | Price Changed | $549,000 | -5.3% | $477 / Sq Ft |
| 01/22/2025 01/22/25 | For Sale | $580,000 | +81.3% | $504 / 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: 2325106
APN: 614660-0015
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Based on information submitted to the MLS GRID
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