Kent, WA 98031 851 1st Avenue N
$479,000
16 more
Presented By: WPI Real Estate Services, Inc. and NWMLS
- MLS# 2415510
- 08/01/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 1,150
Home Details
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–$1,550 per unit and an estimated 6%+ cap rate. Each unit features 575 sq ft of living space with 1 bedroom, 1 full bathroom, a kitchen with eating space, cozy living room, and stackable washer/dryer. Tenants enjoy private entrances, carport parking with alley access, large on-site storage, and additional front parking. Conveniently located within walking distance major Park & Ride. Excellent long-term rental history and unbeatable location make this a perfect choice for owner-occupants or investors seeking immediate income and long-term value.
Presented By: WPI Real Estate Services, Inc. and NWMLS
Interior Features for 851 1st Avenue N
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories1
General for 851 1st Avenue N
Building Area UnitsSquare Feet
Cap Rate6.6
Carport Spaces2
Carport Y/NNo
CityKent
CoolingNone
CountyKing
DirectionsWest or East on James St. Go North on 1st Ave North, Duplex on the Left hand side.
Electric Expense
Fuel Expense
HOANo
HOA Fee$
HeatingForced Air
High School DistrictKent
Insurance Expense1300
Leasable Area1150
Listing TermsConventional, FHA, State Bond, VA Loan
Living Area UnitsSquare Feet
Lot Size Square Feet4960
Lot Size UnitsSquare Feet
MLS Area330 – Kent
ModificationTimestamp2025-08-02T04:31:11.764Z
NWM_ShowMapLinkY
Net Operating Income31104
New ConstructionNo
Number Of Units Total2
Open Parking Spaces2
PossessionClosing, See Remarks, Subject to Tenant Rights
Possible UseMulti-Family
Property ConditionGood
Property Style52 – Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksRare 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 e
RoofComposition
Security FeaturesFully Fenced, Security Gate
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameKent
Tax Annual Amount4184
Tax Year2025
Units Below Gradefalse
Units In Building Total2
ViewTerritorial
Water Companycity of kent
Water Sewer Garbage0
Year Built1955
Zoning DescriptionMulti-Family
Exterior for 851 1st Avenue N
Building Area Total1150
Covered Spaces
Exterior AmenitiesMetal/Vinyl
Foundation DetailsBlock, Pillar/Post/Pier
Irrigation Water Rights Y/NNo
Lot FeaturesAlley, Paved, Sidewalk
Lot Size Acres0.1139
Parking Uncovered Spaces2
Site FeaturesCable TV, Fenced-Fully, Gated Entry, High Speed Internet, Outbuildings, Patio
Total Parking4
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®