1609 Maple LN #C1-C8, Kent, WA 98030
1609 Maple LN #C1-C8, Kent, WA 98030
1609 Maple LN #C1-C8, Kent, WA 98030
1609 Maple LN #C1-C8, Kent, WA 98030
1609 Maple LN #C1-C8, Kent, WA 98030
1609 Maple LN #C1-C8, Kent, WA 98030
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Kennon Maurer

Kennon Maurer

+1(360) 789-4979
Listed by:Windermere Real Estate JS • Kyle Wells
$ 1,599,990
Est. payment | /mo

16 Beds

8 Baths

7,440 SqFt

Save
$ 1,599,990
Est. payment | /mo
Save

16 Beds

8 Baths

7,440 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,440 sqft

Price per Sqft $215

Subdivision Green River

MLS Listing ID 2559752

Style 55 - 5-9 Units

Bedrooms 16

HOA Fees $3,386/mo

Year Built 1979

Annual Tax Amount $19,912

Lot Size 2.789 Acres

Property Sub-Type Multi Family

Property Description

Exceptional opportunity to acquire a well-maintained 8-unit multifamily property in the heart of Kent. This turnkey investment offers immediate cash flow, consistently low vacancy, and substantial upside through future rent growth. There are multiple exit strategies as each condo is individually parceled off with recent sales as high as $260k in the community. Each spacious 2-bedroom, 1-bath unit features approximately 930 SF, a fireplace, in-unit washer and dryer, reserved parking, and an efficient floor plan that continues to attract long-term tenants. Many tenants are long-term with lower than market rents with the potential to achieve $2,100+ per month as leases renew and units are refreshed. Pro-forma shows this as an 8% cap rate. Possibility for even higher rents as mid-term rentals. HOA dues cover professional management, water, sewer, garbage, exterior building maintenance, and landscaping. Creating a low-maintenance ownership experience. Recent improvements include newer roofs, brand-new siding, windows, doors, gutters, balconies, electrical panels, crawlspace insulation, moisture barriers, seismic retrofitting, road resurfacing, and concrete replacement. A rare opportunity to acquire a stable, income-producing 8-unit asset with long-term appreciation and value-add potential in one of South King County's strongest rental markets. Extremely convenient location to highways, public transportation, and shopping.

Location

State WA

County King

Area 330 - Kent

Interior

Flooring Laminate

Fireplace false

Exterior

Exterior Feature Wood Products

Amenities Available Deck, Patio

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Paved

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Buyer To Verify

School District Kent

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOL & BUSINESS

Kennon Maurer

+1(360) 789-4979

kennon@maurerhomegroup.com

204 Custer Way, Tumwater, WA, 98501, United States

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1609 Maple LN #C1-C8