1609 Maple Lane #C1-C8, Kent, WA 98030
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: kyle wells
Office: windermere real estate js
MLS#:2559752
Source:NWMLS
1609 Maple Lane #C1-C8,Kent, WA 98030
$1,599,990
- - Beds
- - Baths
- 7,440 sq. ft.
- Multi-family
- Active
Price summary
- Price:$1,599,990
- Price per sq. ft.:$215.05
- Monthly HOA dues:$3,386
About this home
Exceptional opportunity to acquire a well-maintained 8-unit multifamily property in the heart of Kent. This turnkey investment offers immediate cash flow, consistently low vacancy, and substantial upside through future rent growth. There are multiple exit strategies as each condo is individually parceled off with recent sales as high as $260k in the community. Each spacious 2-bedroom, 1-bath unit features approximately 930 SF, a fireplace, in-unit washer and dryer, reserved parking, and an efficient floor plan that continues to attract long-term tenants. Many tenants are long-term with lower than market rents with the potential to achieve $2,100+ per month as leases renew and units are refreshed. Pro-forma shows this as an 8% cap rate. Possibility for even higher rents as mid-term rentals. HOA dues cover professional management, water, sewer, garbage, exterior building maintenance, and landscaping. Creating a low-maintenance ownership experience. Recent improvements include newer roofs, brand-new siding, windows, doors, gutters, balconies, electrical panels, crawlspace insulation, moisture barriers, seismic retrofitting, road resurfacing, and concrete replacement. A rare opportunity to acquire a stable, income-producing 8-unit asset with long-term appreciation and value-add potential in one of South King County's strongest rental markets. Extremely convenient location to highways, public transportation, and shopping....
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Home facts
- Year built:1979
- Subdivision & Development:Green River
- Listing ID #:2559752
- Updated:August 06, 2026 at 07:55 PM
Rooms and interior
- Flooring:Laminate
- Living area:7,440 sq. ft.
Structure and exterior
- Roof:Composition
- Year built:1979
- Building area:7,440 sq. ft.
- Lot area:2.79 Acres
- Lot Features:Paved
- Construction Materials:Wood Products Exterior Finish
- Exterior Features:Deck, Patio
Schools
- High school:Buyer To Verify
- Middle school:Buyer To Verify
- Elementary school:Buyer To Verify
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$1,599,990
- Price per sq. ft.:$215.05
- Tax amount:$19,912 (2026)
Parking
- Total parking spaces:14
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