Kent, WA 98032 723 1st Avenue S
$1,279,000
23 more
Presented By: Redfin and NWMLS
- MLS# 2417797
- 08/12/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 3,992
Home Details
4-PLEX &/OR 8-PLEX! HUGE CASH FLOW! ZERO owner utility expense-tenants pay all. Meticulously maintained townhome-style units w/ spacious floorplans, 1/2 bath on main, private patios, & fully fenced yards. Feels & rents like 3BRs thanks to original partition walls w/ closet & egress in each. All units updated w/ new carpet, appliances, & other improvements, boosting appeal & rental potential. Always rent fast & stays occupied, ensuring steady income. Strong rental history w/upside potential through market-rate adjustments. Moments to Sounder train, shopping, & entertainment, plus minutes to one of the nation’s largest industrial corridors. Building 729 also for sale.Check MLS#2424837. Strong rental history w/upside potential. Call Today!
Presented By: Redfin and NWMLS
Interior Features for 723 1st Avenue S
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 723 1st Avenue S
Building Area UnitsSquare Feet
Building NameWatermans Acre Trs To Kent
Cap Rate5.29
Carport Spaces
Carport Y/NNo
CityKent
CoolingWindow Unit(s)
CountyKing
DirectionsFrom Central Ave head west on Willis to 1st Ave S. South on 1st and the building is on your right. GPS Friendly!
Electric Expense
Elementary SchoolCarriage Crest Elem
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High SchoolBuyer To Verify
High School DistrictKent
Insurance Expense3350
Leasable Area3992
Listing TermsCash Out, Conventional
Lot Size Square Feet9316
Lot Size UnitsSquare Feet
MLS Area330 – Kent
Middle/Junior High SchoolBuyer To Verify
ModificationTimestamp2025-09-12T04:28:10.749Z
NWM_ShowMapLinkY
Net Operating Income67602
New ConstructionNo
Number Of Units Total4
Open Parking Spaces10
PossessionClosing
Property ConditionGood
Property Style54 – 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public Remarks4-PLEX &/OR 8-PLEX! HUGE CASH FLOW! ZERO owner utility expense-tenants pay all. Meticulously maintained townhome-style units w/ spacious floorplans, 1/2 bath on main, private patios, & fully fenced yard
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NameKent
Tax Annual Amount12614.3
Tax Year2025
Units Below Gradefalse
Units In Building Total4
Virtual TourClick here
Water CompanyCity of Kent
Water Sewer Garbage0
Year Built1979
Exterior for 723 1st Avenue S
Building Area Total3992
Covered Spaces
Exterior AmenitiesWood
Foundation DetailsBlock
Irrigation Water Rights Y/NNo
Lot FeaturesAdjacent to Public Land
Lot Size Acres0.2139
Parking Uncovered Spaces10
Total Parking10
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
Carriage Crest Elem
Middle School
Buyer To Verify Middle School
High School
Buyer To Verify High School
Josh QA1
REALTOR ® SRES ®