851 1st Avenue North

Kent, WA 98032

$580,000
Price
2
Beds
2
Baths
1,150 Sq. Ft.
$504 / Sq. Ft.
1,150
Sq. Ft.
$504
per Sq. Ft.

Description

Charming Duplex in Kent! Prime Investment Opportunity. Fantastic opportunity to own a duplex in the heart of Downtown Kent, perfect for an owner-occupied investment or as a cash-flowing property for investors for instant income. This duplex rents easily & is now fully leased w/ rents $1450-1550/mo. per unit. Each unit offers 575 sqft of living space, featuring 1 bedroom, 1 full bathroom, a kitchen with eating space, a cozy living room, stackable washer and dryer, and a full bath. Walking distance...Charming Duplex in Kent! Prime Investment Opportunity. Fantastic opportunity to own a duplex in the heart of Downtown Kent, perfect for an owner-occupied investment or as a cash-flowing property for investors for instant income. This duplex rents easily & is now fully leased w/ rents $1450-1550/mo. per unit. Each unit offers 575 sqft of living space, featuring 1 bedroom, 1 full bathroom, a kitchen with eating space, a cozy living room, stackable washer and dryer, and a full bath. Walking distance to Kent Station, Sounder Transit, ShoWare Center, and a Park & Ride just 2 blocks away. Alley access with carport parking and a large storage area, plus parking right in front of the home. This property offers versatility, convenience, and value.
  1. Listed by TC Lo • WPI Real Estate Services, Inc.
  2. Listed by Moon Kim • WPI Real Estate Services, Inc.

Property Details for 851 1st Avenue North

Community Name
Kent
School District
Kent
View
Territorial
Number of Assigned Spaces
4
Total Covered Parking
0
Entry Date
01-22-2025
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 02/10/2025 02:45 PM

Property Details for 851 1st Avenue North

StatusActive
MLS #2325106
Days on Market30
Cumulative Days on Market30
Taxes$3,896 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.11 AC / 4,960 SF
CountyKing County

Building Information for 851 1st Avenue North

Stories1Residences2Year Built1955Building Size-Lot Size0.11 AC / 4,960 SF

Property Information for 851 1st Avenue North

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Cable TV, Fenced-Fully, Gated Entry, High Speed Internet, Outbuildings, Patio
  • Area: 330 - Kent
  • Directions: West or East on James St. Go North on 1st Ave North, Duplex on the Left hand side.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 2.0
  • Carport: No
  • Open Parking Spaces: 2.0
  • 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: Laminate, Vinyl, Carpet
  • Features: Laminate Hardwood, Wall to Wall Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
  • FIRPTA: No
Exterior Features
  • Exterior: Metal/Vinyl
  • Roof: Composition
  • Security Features: PartiallyFenced, SecurityGate
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Company: Puget Sound Energy
  • Sewer Company: City of Kent
  • Water Company: City of Kent
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Foundation: Block, Post & Block
  • Zoning Class: Multi-Family
  • Possible Use: Multi-Family
  • MLS Square Footage Source: County Record
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 22
Lot Information
  • Lot Details: Alley, Paved, Sidewalk
  • Lot Size Source: County Record
  • Parcel Number Free Text: 6146600015
  • Building Condition: Good
  • Calculated Square Footage: 1150
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1150.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 2
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 5196
  • Gross Adjusted Income: 36300
  • Gross Rent Multiplier: 6.26
  • Gross Scheduled Income: $36,300
  • Insurance Expense: $1,300
  • Net Operating Income: $31,104
  • Other Expenses: $0
  • Total Monthly Income: 3025
  • Fuel Expense: $0
Unit 1
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 575
  • Rent Unit 1: $1,580.00
  • Bedrooms Unit 1: 1
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 575
  • Rent Unit 2: $1,445.00
  • Bedrooms Unit 2: 1
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 1150.0
  • Leasable Area Units: Square Feet

Property History for 851 1st Avenue North

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 851 1st Avenue North

Taxable ValueLand$168,000Additions$237,000Total$405,000
Tax Record2024$3,896 ($325 / month)
Home Facts
Baths2Total Finished SqFt1,150 SqFtAbove Ground SqFt1,150 SqFtStories1Lot Size4,960 SqFtStyleDuplexYear Built1955ZoningSR-8CountyKINGAPN614660-0015

Schools near 851 1st Avenue North

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
River Ridge Elementary
PublicPK to 6

Mill Creek Middle School
Public7 to 8

Kent-Meridian High School
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

851 1st Avenue North is a multi-family home for sale in Kent, WA 98032. This property was listed for sale on January 22, 2025 by WPI Real Estate Services, Inc., it's currently listed at $580,000. It has been on the market for a total of 30 days and was last sold on October 21, 2021. This listing's school district is Kent School District. Nearby schools include River Ridge Elementary, Mill Creek Middle School and Kent-Meridian High School. 851 1st Avenue North is a 2-bed, 2-bath, 1,150 sqft multi-family home built in 1955.

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 WPI Real Estate Services, 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.