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Listing Firm: Sterling Johnston Real Estate: Donna Marshall

Bought With: The Irwin Group : Phil Auberg

SOLD On November 1, 2021
NWMLS # 1797297

$1,050,000

  • Sold Price

11007 SE 248th Street #1-4, Kent, WA 98030

Listings with the three tree icon are courtesy of NWMLS

About This Property

Built in 1988!Market Cap 4.7%,fourplex-Private,Quiet setting,2 bedroom/1.5 bath units,fireplace,washer & dryers,decks/patios & yards,plenty of parking (8 spaces each fourplex)minutes to shopping,schools,and bus line.Kent Station features nearly 60 retailers,stores, and businesses including a Community College and a 14-screen movie theater.2 separate fourplex bldgs- Purchase both or individually(priced at $1,050,000 for each building)own 8 units with residential financing!Each fourplex can be financed separately on a 30-year fixed interest rate. Rents have increased 27% in the past 5 years in Kent.Rents will climb while your debt is fixed. Add immediate value by bringing the rents to market and charging back for utilities.Sold "As-Is"

Buyer's Agent: Phil Auberg • The Irwin Group

Listed by: Donna Marshall • Sterling Johnston Real Estate

Aris360 Last Checked: 2 Minutes Ago (Jul 21, 2025 11:48 AM)

  • Source: NWMLS as Distributed by MLS Grid #1797297

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 248th
  • Zip/Postal Code: 98030
  • City: Kent

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Property Features

  • County
    • East Hill
  • Community
    • 330 - Kent
  • MLS Area
    • 330 - Kent
  • Longitude
    • -122.194368
  • Latitude
    • 47.379472
  • Directions
    • I-405 S,Take exit 3 onto Talbot Rd S, SR-515,Turn L Talbot,left onto SE 248th St,Turn R, BLDG on left

  • Interior
    • Wall to Wall Carpet
    • Laminate
  • Floors
    • Laminate
    • Vinyl
    • Carpet
  • Power Production Type
    • Electric
    • Wood
  • Furnished
    • Unfurnished

  • Stories
    • 2
  • Style
    • 54 - 4-Plex
  • Parking Spaces
    • 8
  • Lot Description
    • Cul-De-Sac,
    • Dead End Street,
    • Paved,
  • Foundation
    • Poured Concrete,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Wood
  • Site Description
    • Cable TV,Deck,Fenced-Partially,Outbuildings,Patio
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Condition
    • Good,
  • Building Total Area (Sq. Ft.)
    • 13520
  • Utilities
    • Cable Connected,
    • Sewer Connected,
    • Electric,
    • Wood,

  • High School District
    • Kent
  • Jr. High School
    • Buyer To Verify
  • Elementary School
    • Buyer To Verify
  • High School
    • Buyer To Verify

  • Possession
    • Closing,
    • Tenant's Rights,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2021
  • Structure Type
    • Condominium,
  • Tax Amount
    • $9933
  • Year Built
    • 1988
  • Effective Year Built
    • 2005
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Mon Jul 21 2025 . 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.

Jul 21, 2025 11:48 AM