631-639 3rd Avenue South
Kent, WA 98032
$5,350,000
Price
36
Beds
21
Baths
15,900 Sq. Ft.
$336 / Sq. Ft.
15,900
Sq. Ft.
$336
per Sq. Ft.
Listing provided courtesy of Westlake Associates, Inc.
Description
21-Unit apartment community. The property is situated on a 1.07 acre lot sitting on two parcels, less than a mile away from Kent Station light rail stop. The apartments have front and back entrances that open up to grassy rear yards, along with off-street parking for residents. The unit interiors feature full size washer and dryer hookups, vaulted ceilings, and fireplaces in the end units. All units have been recently remodeled and buildings have new electrical panels.21-Unit apartment community. The property is situated on a 1.07 acre lot sitting on two parcels, less than a mile away from Kent Station light rail stop. The apartments have front and back entrances that open up to grassy rear yards, along with off-street parking for residents. The unit interiors feature full size washer and dryer hookups, vaulted ceilings, and fireplaces in the end units. All units have been recently remodeled and buildings have new electrical panels.
- Listed by Brian R. Thirtyacre • Westlake Associates, Inc.
Property Details for 631-639 3rd Avenue South
Community Name
Kent
School DistrictKent
Number of Assigned Spaces32
Total Covered Parking0
Entry Date11-11-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 12:22 PM
Property Details for 631-639 3rd Avenue South
| Status | Active |
|---|---|
| MLS # | 2309915 |
| Days on Market | 80 |
| Cumulative Days on Market | 80 |
| Taxes | $41,436 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1962 |
| Lot Size | 1.07 AC / 46,824 SF |
| County | King County |
Building Information for 631-639 3rd Avenue South
Stories1Residences21Year Built1962Building Size-Lot Size1.07 AC / 46,824 SF
Property Information for 631-639 3rd Avenue South
Summary
Location and General Information
- Style: 56 - 10+ Units
- Area: 330 - Kent
- Directions: From I-5, take exit 149 for WA-516 E toward Kent/Des Moines. Continue onto Willis St. At traffic circle take 2nd exit and stay on Willis. Turn right on 3rd Ave S. Property is on the right.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
- Additional Tax Ids: 9197100201
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 32.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Vinyl Plank
- Amenities: Storage
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Wall Unit(s)
Exterior Features
- Exterior: Wood
- Roof: Torch Down
Property
Utilities
- Water/Sewer/Garbage: 34164
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 9
Lot Information
- Lot Size Source: King County
- Parcel Number Free Text: 9197100200
- Calculated Square Footage: 15900
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 15900.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 32
- Number of Stories in Building: 1
- Vacancy Rate: 5
- Number Of Units Total: 21
- Units Below Grade: false
- Units In Building Total: 21
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 145328
- Gross Adjusted Income: 438831
- Gross Rent Multiplier: 11.58
- Gross Scheduled Income: $461,928
- Insurance Expense: $5,929
- Net Operating Income: $293,503
- Other Expenses: $63,799
- Total Monthly Income: 38494
- Fuel Expense: $0
Unit 1
- Name Unit 1: 53
- Square Feet Unit 1: 650
- Rent Unit 1: $1,500.00
- Bedrooms Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 52
- Square Feet Unit 2: 650
- Rent Unit 2: $1,500.00
- Bedrooms Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 51
- Square Feet Unit 3: 800
- Rent Unit 3: $1,845.00
- Bedrooms Unit 3: 2
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 50
- Square Feet Unit 4: 800
- Rent Unit 4: $1,650.00
- Bedrooms Unit 4: 2
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 49
- Square Feet Unit 5: 800
- Rent Unit 5: $1,650.00
- Bedrooms Unit 5: 2
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 48
- Square Feet Unit 6: 800
- Rent Unit 6: $1,600.00
- Bedrooms Unit 6: 2
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 47
- Square Feet Unit 7: 800
- Rent Unit 7: $1,700.00
- Bedrooms Unit 7: 2
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 46
- Square Feet Unit 8: 650
- Rent Unit 8: $1,400.00
- Bedrooms Unit 8: 1
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: 45
- Square Feet Unit 9: 650
- Rent Unit 9: $1,450.00
- Bedrooms Unit 9: 1
- Bathrooms Unit 9: 1
Unit 10
- Name Unit 10: 44
- Square Feet Unit 10: 650
- Rent Unit 10: $1,450.00
- Bedrooms Unit 10: 1
- Bathrooms Unit 10: 1
Unit 11
- Name Unit 11: 43
- Square Feet Unit 11: 650
- Rent Unit 11: $1,565.00
- Bedrooms Unit 11: 1
- Bathrooms Unit 11: 1
Unit 12
- Name Unit 12: 18
- Square Feet Unit 12: 800
- Rent Unit 12: $1,660.00
- Bedrooms Unit 12: 2
- Bathrooms Unit 12: 1
Unit 13
- Name Unit 13: 17
- Square Feet Unit 13: 800
- Rent Unit 13: $1,805.00
- Bedrooms Unit 13: 2
- Bathrooms Unit 13: 1
Unit 14
- Name Unit 14: 16
- Square Feet Unit 14: 800
- Rent Unit 14: $1,825.00
- Bedrooms Unit 14: 2
- Bathrooms Unit 14: 1
Unit 15
- Name Unit 15: 15
- Square Feet Unit 15: 800
- Rent Unit 15: $1,700.00
- Bedrooms Unit 15: 2
- Bathrooms Unit 15: 1
Unit 16
- Name Unit 16: 14
- Square Feet Unit 16: 800
- Rent Unit 16: $1,600.00
- Bedrooms Unit 16: 2
- Bathrooms Unit 16: 1
Unit 17
- Name Unit 17: 13
- Square Feet Unit 17: 800
- Rent Unit 17: $1,745.00
- Bedrooms Unit 17: 2
- Bathrooms Unit 17: 1
Unit 18
- Name Unit 18: 12
- Square Feet Unit 18: 800
- Rent Unit 18: $1,700.00
- Bedrooms Unit 18: 2
- Bathrooms Unit 18: 1
Unit 19
- Name Unit 19: 11
- Square Feet Unit 19: 800
- Rent Unit 19: $1,650.00
- Bedrooms Unit 19: 2
- Bathrooms Unit 19: 1
Unit 20
- Name Unit 20: 10
- Square Feet Unit 20: 800
- Rent Unit 20: $1,660.00
- Bedrooms Unit 20: 2
- Bathrooms Unit 20: 1
Unit 21
- Name Unit 21: 9
- Square Feet Unit 21: 800
- Rent Unit 21: $1,665.00
- Bedrooms Unit 21: 2
- Bathrooms Unit 21: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 15900.0
- Leasable Area Units: Square Feet
Property History for 631-639 3rd Avenue South
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 631-639 3rd Avenue South
This home is within Kent School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Scenic Hill Elementary School PublicPK to 6 | ||
Mill Creek Middle School Public7 to 8 | ||
Kent-Meridian High School Public9 to 12 | ||
Individualized Graduation & Degree Program Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Westlake Associates, Inc.
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
