323 1st Avenue S Kent, WA $ 799,000
323 1st Avenue S
$ 799,000
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323 1st Avenue S

Kent, WA, 98032
$ 799,000
Baths0.0 Sq 2,468

Monthly Estimate*

$ 5,581

Listed by John L. Scott, Inc
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Studio

Multi-Family Home for sale in Kent, WA

for $799,000. This 2,468 square foot home was built in 1901 on a lot size of 0.1763.

Historic fourplex with original Victorian details in the heart of downtown only a few blocks from all of Kent Station's shops, restaurants, transit options & commuter routes. Downtown Commercial Enterprise zoning provides some of the least restrictive development possibilities for building additional structures or repurposing the site (buyer to verify). New sewer line, exterior paint, roof & gutters in 2023. All units are 1 bed, 1 bath with gas heat & stove. Currently fully occupied with one unit coming vacant June 1st - Perfect opportunity for an owner occupied purchase or future increase in rent. Unit 3 has in-unit laundry, the rest use off-site facilities- consider adding a coin-op laundry for additional income.

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Multi-Family Active

Price

$ 799,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,932

Style

4-Plex

Lot Size

0.1763

Year Built

1901

Town/City

Kent

County/Region

King

MLS | Web ID

2222859

Features
General
Interior Features Hardwood Wall to Wall Carpet
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession See Remarks Tenant's Rights
Roof Composition
Exterior Features Wood
HOA 0
Year Built 1901
Property SubType Multi-Family
Tax Year 2023
Building Name 2
County King
Net Operating Income 42288
Insurance Expense 1352
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Downtown Kent
Possible Use Commercial Multi-Family See Remarks
Special Listing Conditions None
Status Active
Directions From Central Ave go West on W Willis St North on 1st Ave S.
High School Kent-Meridian High
City Kent
Buyer Agent Compensation 2.5
View Y/N N
Senior Community Y/N N
High School District Kent
Open Parking Spaces 2
Total Units 4
MLS Area 330 - Kent
Lot Size Square Feet 7680
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name 1st
Listing Terms Cash Out Conventional FHA VA Loan
Elementary School Kent Elem
Tax Annual Amount 6932
Electric Expense 145
Fuel Expense 0
Middle/Junior High School Mill Creek Mid Sch
Public Remarks Historic fourplex with original Victorian details in the heart of downtown only a few blocks from all of Kent Station's shops restaurants transit options & commuter routes. Downtown Commercial Enterp
Leasable Area 2209
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Water Company City of Kent
Units Below Grade false
Units In Building Total 4
Zoning Class Commercial Multi-Family See Remarks
Water Sewer Garbage 3883
Property Style 54 - 4-Plex
Cap Rate 5.3
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Interior
Flooring Hardwood Vinyl Carpet
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Living Area Units Square Feet
Power Production Type Natural Gas
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Exterior
Lot Features Paved
Water Source Public
Total Parking 4
Building Area Total 2468
Lot Size Acres 0.1763
Lot Size Units Square Feet
Covered Spaces 2
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 2
Lot Number 2
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Internal Only
OriginalMLSID NWM2222859
Street Number 1 323
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* Excluded Features
List By
Nick Gerisilo

Listing Agent

John L. Scott, Inc

Broker

Affordability Calculator

$6,159
Per Month
91%
9%
0%
Monthly Principal & Interest
$5,581
Monthly Property Taxes
$578
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4613658 Elementary School
257077 Middle School
Kent-Meridian High High School
Pricing History
DatePricePrice ChangeDescription
4/12/2024$799,000 Listed Price

Map


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323 1st Avenue S, Kent, WA, 98032 is a Multi-Family Home for sale at $799,000 with 2,468 sqft and a lot size of 0.1763. 323 1st Avenue S is a studio with 0.0 baths and was built in 1901. The property's zip code is 98032 which is in Kent, WA