1613 Maple Lane Unit #D1-D6, Kent, WA 98030
- $1,199,950
- 5,580
- SqFt
Listing courtesy of KW Lake Washington So.
- List Price
- $1,199,950
- Status
- ACTIVE
- MLS#
- 2524879
- Price Change
- ▼ $90,050 1783480737
- Days on Market
- 72
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 5,580
- Area Total SqFt
- 5580
- Annual Tax Ammount
- 14993.8
- Lot Size (sq ft)
- 121,491
- Sewer
- Sewer Connected
Property Description
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
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Additional Information
- List Date
- 2026-05-15 22:13:13
- Community
- Green River
- Net Operating Income
- $82,420
- Gross Adjusted Income
- $82,420
- Gross Scheduled Income
- $129,228
- Total Monthly Income
- $10,769
- Gross Rent Multiplier
- 9.98
- Total Expenses
- $46,807
- Cap Rate
- 6.3
- Total Number of Units
- 6
- Unit Name
- 1613
- Potential Terms
- Cash, Conventional, See Remarks
- Year Built
- 1979
- View
- See Remarks, Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, Patio
- Other Expenses
- 31814
- Energy Source
- Electric
- School District
- Kent
- Elementary School
- Scenic Hill Elem
- Middle School
- Mill Creek Mid Sch
- High School
- Kent-Meridian High
- Total Monthly Income
- $10,769
- Gross Scheduled Income
- $129,228
- Gross Adjusted Income
- $82,420
- Tax Year
- 2025
- Total Expenses
- $46,807
- Net Operating Income
- $82,420
- Gross Rent Multiplier
- 9.98
- Cap Rate
- 6.3
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.