323 1st Avenue S Kent, WA $ 900,000
323 1st Avenue S
$ 900,000
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323 1st Avenue S

Kent, WA, 98032
$ 900,000
Baths0.0 Sq 2,209

Monthly Estimate*

$ 5,615

Listed by Berkshire Hathaway HS NW
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Studio

Multi-Family Home for sale in Kent, WA

for $900,000. This 2,209 square foot home was built in 1901 on a lot size of 0.1763.

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.

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Multi-Family Active

Price

$ 900,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,700

Style

4-Plex

Lot Size

0.1763

Year Built

1901

Town/City

Kent

County/Region

King

MLS | Web ID

2431992

Features
General
Living Area 0
Sewer Sewer Connected
Heating Heat Pump
Cooling None
Possession Subject to Tenant Rights
Roof Composition
HOA Fee 0
Security Features Partially Fenced
Year Built 1901
Property Subtype Multi Family
Tax Year 2025
County King
Net Operating Income 58400
Insurance Expense 3000
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Downtown Kent
Possible Use Commercial Multi-Family
Special Listing Conditions None
Status Active
Directions GPS is accurate
High School Kent-Meridian High
City Kent
Senior Community Y/N N
High School District Kent
Zoning Description Commercial Multi-Family
Open Parking Spaces 2
Number Of Units Total 4
MLS Area 330 - Kent
Lot Size Units Square Feet
Lot Size Square Feet 7680
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional FHA VA Loan
Elementary School Kent Elem
Tax Annual Amount 6700
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Mill Creek Mid Sch
Public Remarks 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 Stations restaurants shops transit and commuter
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
Water Sewer Garbage 0
Property Style 54 - 4-Plex
Cap Rate 6.49
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Exterior
Exterior Amenities Wood
Lot Features Secluded
Water Source Public
Total Parking 2
Building Area Total 2209
Lot Dimensions 7 680 sf
Lot Size Acres 0.1763
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Deck Fenced-Partially
Parking Uncovered Spaces 2
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Interior
Flooring Hardwood Vinyl Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2431992
Street Number 1 323
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* Excluded Features
List By
Martin J. Ho

Listing Agent

Berkshire Hathaway Hs Nw

Broker

Affordability Calculator

$6,173
Per Month
91%
9%
0%
Monthly Principal & Interest
$5,615
Monthly Property Taxes
$558
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
4967484 Elementary School
257077 Middle School
Kent-Meridian High High School
Pricing History
DatePricePrice ChangeDescription
9/15/2025$900,000 Listed Price

Map


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323 1st Avenue S, Kent, WA, 98032 is a Multi-Family Home for sale at $900,000 with 2,209 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