851 1st Avenue N

Kent, WA 98031

  • Bed

  • Bath

  • 1150 SqFt

  • 160 DOM

  • Built: 1955

  • Status: Active

$479,000

X

851 1st Avenue N

Kent 98031

$479000

  • Bed

  • Bath

  • 1150 SqFt

  • 160 DOM

  • Built: 1955

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

Rare 6.5%+ Cap Rate Duplex in Prime Downtown Kent Location! Incredible investment opportunity! This fully leased duplex offers strong cash flow with current rents of $1,450–$1,550 per unit and an estimated 6%+ cap rate. Each unit features 575 sq ft of living space with 1 bedroom, 1 full bathroom, a kitchen with eating space, cozy living room, and stackable washer/dryer. Tenants enjoy private entrances, carport parking with alley access, large on-site storage, and additional front parking. Conveniently located within walking distance major Park & Ride. Excellent long-term rental history and unbeatable location make this a perfect choice for owner-occupants or investors seeking immediate income and long-term value.

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Residence Information

  • 1150

  • Composition

  • 52 - Duplex

  • 1955

  • Block, Pillar/Post/P

Features and Utilities

  • Metal/Vinyl

  • Public

  • Sewer Connected

  • 0

Financial

  • 4184

  • Conventional, FHA, State Bond, VA Loan

  • 08-01-2025

Comparable Information

  • 160

  • 160

  • Conventional, FHA, State Bond, VA Loan

  • $479,000

  • $479,000

  • Aug 02, 2025 04:30

Schools

Map

Listing courtesy of WPI Real Estate Services, Inc..

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Aug 02, 2025 19:20 | Listing last modified Aug 02, 2025 04:30. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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