108 Kensington Avenue SW, Kent, WA 98030
- $2,125,000
- 8,628
- SqFt
Listing courtesy of Paragon Real Estate Advisors.
- List Price
- $2,125,000
- Status
- ACTIVE
- MLS#
- 2530607
- Days on Market
- 59
- Style
- 56 - 10+ Units
- Finished SqFt
- 8,628
- Area Total SqFt
- 8628
- Annual Tax Ammount
- 24188
- Lot Size (sq ft)
- 27,007
- Sewer
- Available
Property Description
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.
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Additional Information
- List Date
- 2026-05-28 22:43:24
- Community
- Scenic Hill
- Net Operating Income
- $126,338
- Gross Adjusted Income
- $198,884
- Gross Scheduled Income
- $209,352
- Total Monthly Income
- $17,446
- Insurance Expenses
- $5,096
- Water/Sewer/Garbage Expenses
- $14,439
- Gross Rent Multiplier
- 10.15
- Total Expenses
- $72,546
- Cap Rate
- 5.95
- Vacancy Rate
- 5
- Total Number of Units
- 10
- Unit Name
- 108
- Potential Terms
- Cash, Conventional
- Year Built
- 1986
- Roof
- Composition
- Other Expenses
- 28823
- Energy Source
- Electric
- School District
- Kent
- Total Monthly Income
- $17,446
- Gross Scheduled Income
- $209,352
- Vacancy Rate
- 5
- Gross Adjusted Income
- $198,884
- Tax Year
- 2025
- Insurance Expense
- $5,096
- W/S/G Expenses
- $14,439
- Total Expenses
- $72,546
- Net Operating Income
- $126,338
- Gross Rent Multiplier
- 10.15
- Cap Rate
- 5.95
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.