3706 S 255th Place, Kent, WA 98032
- $680,000
- 1,920
- SqFt
Listing courtesy of Keller Williams Rlty Bellevue.
- List Price
- $680,000
- Status
- ACTIVE
- MLS#
- 2550198
- Days on Market
- 19
- Style
- 52 - Duplex
- Building Condition
- Fair
- Finished SqFt
- 1,920
- Area Total SqFt
- 1920
- Annual Tax Ammount
- 6108.66
- Lot Size (sq ft)
- 550
- Sewer
- Sewer Connected
Property Description
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!
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Additional Information
- List Date
- 2026-07-07 23:23:16
- Community
- West Hill
- Net Operating Income
- $52,100
- Gross Adjusted Income
- $59,430
- Gross Scheduled Income
- $62,558
- Total Monthly Income
- $5,213
- Insurance Expenses
- $922
- Water/Sewer/Garbage Expenses
- $100
- Gross Rent Multiplier
- 10.9
- Total Expenses
- $7,330
- Cap Rate
- 8
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 3706
- Potential Terms
- Cash, Conventional
- Year Built
- 1978
- Roof
- Tile
- Site Features
- Deck, Fenced-Fully, Gas Available
- Electric Expenses
- 100
- Energy Source
- Electric, Natural Gas
- School District
- Federal Way
- Elementary School
- Sunnycrest Elem
- Middle School
- Evergreen Middle
- High School
- Thomas Jefferson Hig
- Total Monthly Income
- $5,213
- Gross Scheduled Income
- $62,558
- Vacancy Rate
- 5
- Gross Adjusted Income
- $59,430
- Tax Year
- 2026
- Insurance Expense
- $922
- W/S/G Expenses
- $100
- Total Expenses
- $7,330
- Net Operating Income
- $52,100
- Gross Rent Multiplier
- 10.9
- Cap Rate
- 8
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.