851 1st Avenue N, Kent, WA 98031

Local realty services provided by:RSVP Brokers ERA
Listed by:tina lee
Office:wpi real estate services, inc.
MLS#:2415510
Source:NWMLS
851 1st Avenue N,Kent, WA 98031
$479,000
  • - Beds
  • - Baths
  • 1,150 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$479,000
  • Price per sq. ft.:$416.52

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.

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Home facts

  • Year built:1955
  • Listing ID #:2415510
  • Updated:September 26, 2025 at 12:16 AM

Rooms and interior

  • Living area:1,150 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1955
  • Building area:1,150 sq. ft.
  • Lot area:0.11 Acres

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$479,000
  • Price per sq. ft.:$416.52
  • Tax amount:$4,184 (2025)
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