631 639 3rd Avenue S, Kent, WA 98032
- $4,726,667
- 15,900
- SqFt
Listing courtesy of Westlake Associates, Inc.. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $4,726,667
- List Price
- $4,900,000
- Status
- SOLD
- MLS#
- 2309915
- Closing Date
- Jun 10, 2025
- Days on Market
- 123
- Style
- 56 - 10+ Units
- Finished SqFt
- 15,900
- Area Total SqFt
- 15900
- Annual Tax Ammount
- 41436
- Lot Size (sq ft)
- 46,824
- Sewer
- Sewer Connected
Property Description
21-Unit apartment community. The property is situated on a 1.07 acre lot sitting on two parcels, less than a mile away from Kent Station light rail stop. The apartments have front and back entrances that open up to grassy rear yards, along with off-street parking for residents. The unit interiors feature full size washer and dryer hookups, vaulted ceilings, and fireplaces in the end units. All units have been recently remodeled and buildings have new electrical panels.
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Additional Information
- List Date
- 2025-02-07 00:00:00
- Community
- Kent
- Net Operating Income
- $293,503
- Gross Adjusted Income
- $438,831
- Gross Scheduled Income
- $461,928
- Total Monthly Income
- $38,494
- Insurance Expenses
- $5,929
- Water/Sewer/Garbage Expenses
- $34,164
- Gross Rent Multiplier
- 10.61
- Total Expenses
- $145,328
- Cap Rate
- 6
- Vacancy Rate
- 5
- Total Number of Units
- 21
- Unit Name
- 631 639
- Potential Terms
- Cash Out
- Year Built
- 1962
- Roof
- Torch Down
- Other Expenses
- 63799
- Energy Source
- Electric
- School District
- Kent
- Total Monthly Income
- $38,494
- Gross Scheduled Income
- $461,928
- Vacancy Rate
- 5
- Gross Adjusted Income
- $438,831
- Tax Year
- 2024
- Insurance Expense
- $5,929
- W/S/G Expenses
- $34,164
- Total Expenses
- $145,328
- Net Operating Income
- $293,503
- Gross Rent Multiplier
- 10.61
- Cap Rate
- 6
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.