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Listing Firm: WPI Real Estate Services, Inc.: Tina Lee

Active
NWMLS # 2415510
  • - Beds
  • - Baths
  • 1150 Sq.ft.

851 1st Avenue N, Kent, WA 98031

Listings with the three tree icon are courtesy of NWMLS

About This Property

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.

Aris360 Last Checked: 28 Minutes Ago (Aug 02, 2025 12:03 PM)

  • Source: NWMLS as Distributed by MLS Grid #2415510

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 1st
  • Zip/Postal Code: 98031
  • City: Kent

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$3,847 per month
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Property Features

  • County
    • Kent
  • Community
    • 330 - Kent
  • MLS Area
    • 330 - Kent
  • Longitude
    • -122.233785
  • Latitude
    • 47.389912
  • Directions
    • West or East on James St. Go North on 1st Ave North, Duplex on the Left hand side.

  • Floors
    • Laminate
    • Vinyl
    • Carpet
  • Power Production Type
    • Electric

  • Stories
    • 1
  • Style
    • 52 - Duplex
  • Parking Spaces
    • 4
  • Lot Description
    • Alley,
    • Paved,
    • Sidewalk,
  • Foundation
    • Block,
    • Pillar/Post/Pier,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Metal/Vinyl
  • Site Description
    • Cable TV,Fenced-Fully,Gated Entry,High Speed Internet,Outbuildings,Patio
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Condition
    • Good,
  • Water
    • city of kent
  • Building Total Area (Sq. Ft.)
    • 4960
  • Has View
    • Yes
  • View Description
    • Territorial,

  • High School District
    • Kent

  • Possession
    • Closing,
    • See Remarks,
    • Subject to Tenant Rights,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi Family
  • Tax Year
    • 2025
  • Structure Type
    • Condominium,
  • Tax Amount
    • $4184
  • Year Built
    • 1955
  • Status
    • Active

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Disclaimer: Based on information submitted to the MLS GRID as of Sat Aug 02 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.

Aug 02, 2025 12:03 PM