Kent, WA 98032 323 1st Avenue S
$900,000
14 more
Presented By: Berkshire Hathaway HS NW and NWMLS
- MLS# 2431992
- 09/15/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 2,209
Home Details
Live or Invest in Downtown Kent — Updated 4-plex. Discover a rare opportunity to own a historic Victorian 4-plex in downtown Kent, just blocks from Kent Station’s restaurants, shops, transit, and commuter access. With highly flexible Downtown Commercial Enterprise (DCE) zoning, the property offers outstanding potential for expansion or redevelopment. Recent updates include a new sewer line, fresh exterior paint, and a new roof with gutters. Each unit offers 1 bed/1 bath with gas heat and stove, plus separately metered utilities for tenant-paid efficiency. 3 units are recently remodeled, and one unit is ready for new possibilities—perfect for an owner-occupant or an investor seeking immediate value-add potential.
Presented By: Berkshire Hathaway HS NW and NWMLS
Interior Features for 323 1st Avenue S
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringHardwood, Vinyl, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces
Total Stories2
General for 323 1st Avenue S
Building Area UnitsSquare Feet
Cap Rate6.49
Carport Spaces
Carport Y/NNo
CityKent
CoolingNone
CountyKing
DirectionsGPS is accurate
Electric Expense
Elementary SchoolKent Elem
Fuel Expense
HOANo
HOA Fee$
HeatingHeat Pump
High SchoolKent-Meridian High
High School DistrictKent
Insurance Expense3000
Leasable Area2209
Listing TermsCash Out, Conventional, FHA, VA Loan
Lot Size Square Feet7680
Lot Size UnitsSquare Feet
MLS Area330 – Kent
Middle/Junior High SchoolMill Creek Mid Sch
ModificationTimestamp2025-09-16T19:58:10.452Z
NWM_ShowMapLinkY
Net Operating Income58400
New ConstructionNo
Number Of Units Total4
Open Parking Spaces2
PossessionSubject to Tenant Rights
Possible UseCommercial, Multi-Family
Property Style54 – 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksLive or Invest in Downtown Kent Updated 4-plex. Discover a rare opportunity to own a historic Victorian 4-plex in downtown Kent, just blocks from Kent Stations restaurants, shops, transit, and commuter
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NameDowntown Kent
Tax Annual Amount6700
Tax Year2025
Units Below Gradefalse
Units In Building Total4
Water CompanyCity of Kent
Water Sewer Garbage0
Year Built1901
Zoning DescriptionCommercial, Multi-Family
Exterior for 323 1st Avenue S
Building Area Total2209
Covered Spaces
Exterior AmenitiesWood
Irrigation Water Rights Y/NNo
Lot Dimensions7, 680 sf
Lot FeaturesSecluded
Lot Size Acres0.1763
Parking Uncovered Spaces2
Site FeaturesDeck, Fenced-Partially
Total Parking2
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Mill Creek Mid Sch
High School
Kent-Meridian High
Elementary School
Kent Elem
Josh QA1
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