Browse All Kent WA Multi-Family Properties for Sale

Exceptional investment opportunity in the heart of Kent! This versatile property is currently configured and operating as a triplex, generating over $60,000 in annual rental income with an impressive 8% cap rate—a rare find in today's market. Whether you're an investor looking for immediate cash flow or a homeowner seeking a property with outstanding income potential, this home offers endless possibilities. Continue renting all three units for strong returns, or update the home to suit your vision while living in one unit and renting the others to offset your mortgage. Thoughtfully designed with a functional layout and separate entrances for each unit, the property provides flexibility and privacy for tenants or multigenerational living. Conveniently located with easy access to major highways, shopping, dining, West Fanwick Park and everyday amenities, commuting is a breeze while enjoying everything Kent has to offer. Opportunities combining strong cash flow, flexible living options, and long-term upside are increasingly rare—don't miss your chance to own this exceptional income-producing property!

3706 S 255th Place, Kent

Listing courtesy of Keller Williams Rlty Bellevue.

$719,000

2544296 MLS ⋅ PENDING Status

Why buy just one house when you can get two completely independent, turn-key homes for the price of one? Positioned perfectly for savvy buyers looking to offset their mortgage or investors seeking a high-yield property, this unique setup delivers incredible built-in value. Offering a combined total of 1,944 finished sq. ft. of premium living space, this dual-income asset is priced at an exceptional blended rate for fully updated King County real estate. Main Residence: A stylishly remodeled 1,224 sq. ft., 3-bedroom, 2-bathroom single-story home. Features a modern great room layout and a dream kitchen boasting an oversized island eating bar, quartz countertops, and stainless steel appliances. The primary suite is a true retreat with a walk-in closet and a spa-like bath featuring a floating vanity and designer tile. Detached Second Home/DADU: A fully permitted, independent 720 sq. ft., 1-bedroom, 1-bathroom residence. Completely redone from top to bottom, it offers total privacy, its own independent kitchen, a separate driveway, and its own dedicated yard. Perfect for Airbnb or long-term rental income, an independent multigenerational living arrangement, or a premium work-from-home office. Situated on a spacious, level corner lot, this property stands out with 2 fully equipped kitchens, 2 separate driveways, and 2 distinct yards. There is no overlapping footprint here. This isn't just a house with a guest room, it’s a dual-income powerhouse or a mortgage-subsidizing dream.

1210 E Seattle St, Kent

Listing courtesy of Columbia Partners Real Estate.

$930,000

2543065 MLS ⋅ ACTIVE Status

Turnkey opportunity in a prime Kent location! This newly renovated property offers exceptional flexibility for both homeowners and investors. Featuring two spacious 3-bedroom, 2-bath units, with Unit A offering 1,160 sq ft and Unit B offering 1,340 sq ft. Each unit includes its own private 220 sq ft garage and ample additional parking. Live in one unit and rent the other, create a multigenerational living setup, or explore income-producing opportunities. Each unit rented for $2,300/month prior to renovation, offering strong investment potential. Conveniently located across from the YMCA with easy access to shopping, dining, schools, parks, and commuter routes. No HOA and endless possibilities await!

11005 SE 248th Street, Kent

Listing courtesy of Pure Real Estate.

$2,125,000

2530607 MLS ⋅ ACTIVE Status

108 Kensington S offers investors stable day-one cash flow, supported by in-unit washer and dryer in every unit, a highly desirable amenity that drives tenant retention and consistent rental demand. The property features a highly functional unit mix of one-bedroom and two-bedroom apartments. New ownership can benefit from proven operations while continuing to capture upside through rent optimization and streamlined management. The property benefits from immediate access to State Routes 167 and 516, providing seamless connectivity to Interstate 5, Seattle-Tacoma International Airport, and the greater Puget Sound region. Residents enjoy close proximity to Kent Station, the Sounder Train Station, and the ShoWare Center, offering convenient access to retail, dining, entertainment, and commuter transit, along with nearby parks and recreational amenities that enhance overall livability. As a major employment hub in the Pacific Northwest, the Kent Valley is home to over 12,000 businesses and a strong concentration of industrial and aerospace jobs. Major employers including Boeing, Amazon, Blue Origin, and REI continue to drive population growth and rental demand. With direct rail service to both Seattle and Tacoma, 108 Kensington S is well-positioned to attract residents seeking affordability, accessibility, and proximity to major employment centers.

108 Kensington Avenue SW, Kent

Listing courtesy of Paragon Real Estate Advisors.

$1,199,950

2524879 MLS ⋅ ACTIVE Status

Investor opportunity in the heart of Kent! Well-maintained 6-unit multifamily property offering strong in-place income, rental upside, and extensive capital improvements already completed. Over $2 million invested throughout the community with major expense items already addressed. Recent improvements include newer roofs, brand-new siding, windows, doors, gutters, balconies, electrical panels, crawlspace insulation, moisture barriers, seismic retrofitting of beams and foundations, roadway resurfacing, and concrete replacement. Roofs, fireplaces, gutters, and ventilation systems are regularly maintained. Each spacious 2-bedroom, 1-bath unit offers approximately 930 SF, a fireplace, in-unit washer and dryer, utility room, and ample parking. Units feature updated flooring, paint, appliances, and interior improvements, including approximately $30,000 invested in Unit D3. This building also features one of the largest backyard areas in the community. HOA dues cover management, water, sewer, garbage, exterior maintenance, common area upkeep, and ongoing property care, simplifying ownership. Current rents provide immediate cash flow with additional upside as units turn, with projected market rents of $2,100-$2,200 per month. Each unit has its own parcel number, providing flexibility for future individual sales or alternative exit strategies. Near Kent Station, Sounder Rail, shopping, dining, major employers, Hwy 167, and I-5. Rare turnkey multifamily investment with income potential

1613 Maple Lane Unit #D1-D6, Kent

Listing courtesy of KW Lake Washington So.

$1,995,000

2491414 MLS ⋅ ACTIVE Status

Watson Manor Apartments is a 10-unit apartment building located in the heart of Kent. Situated just south of Kent Station and minutes from SR-516, the property offers tenants suburban livability with seamless access to major employment centers throughout the region. Watson Manor is a rare opportunity to acquire a 100% vacant asset, providing investors with complete operational flexibility from day one. Unlike typical acquisitions encumbered by legacy leases, below-market rents, or deferred repositioning timelines, this property allows a new owner to immediately execute their business plan and fully capture current market dynamics. The asset represents a true “choose your own adventure” opportunity — whether the strategy is a light cosmetic refresh and lease-up, a comprehensive interior renovation to achieve premium rents, or a thoughtful reconfiguration to maximize unit efficiency. With no tenant rollover risk or displacement considerations. Beyond the immediate ability to re-tenant at today’s market rates, the property offers compelling upside through strategic improvements and potential reconfiguration. Explore converting the existing laundry area into an additional unit, or redesigning select layouts to create larger sized units, increasing rentable square footage and overall revenue potential. NOTE - All income and expense items are based on proforma - property will be delivered vacant at close.

739 3rd Avenue S, Kent

Listing courtesy of Lee & Associates Commercial RE.

$900,000

2468343 MLS ⋅ ACTIVE Status

Timber Heights 4-plex for sale. The subject property has benefited from recent capital improvements, including updated property systems, new roof and modernized interior finishes. The combination of updated interiors, improved building systems, and efficient layouts positions the properties as attractive, low-management investments with predictable cash flow for years to come. This turn key deal is being offered for sale both as in individual sale or as a joint sale alongside the adjacent fourplex currently on the market. Please reference the document room for access to marketing, rent roll and form 17.

4811 S 252nd Place, Kent

Listing courtesy of Kidder Mathews.

$900,000

2468325 MLS ⋅ ACTIVE Status

4809 S 252nd Place, Kent

Listing courtesy of Kidder Mathews.

$899,000

2448891 MLS ⋅ ACTIVE Status

FOUR UNIT 3 unit : 2Bed 1Bath 1 Unit 1bath TOTAL Fin sqft 3416. Newer roof (-5year)Coin operated Laundry, close to freeways shopping, Please do not disturb Tenants. Buyer & Agent to Verify all information.4PLEX Managed by a professional. NO VACANCY

2716 S 258th Place, Kent

Listing courtesy of Next Horizon Realty.

Start Your Search

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Kent Multi-Family Real Estate

Our website features the best real estate search for multi-family properties available in Kent and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes.

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire.

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood!

Considering selling or refinancing your home? Get an INSTANT property valuation now!