640 5th Avenue S, Kent, WA 98032
- $1,140,000
- 3,840
- SqFt
Listing courtesy of Kelly Right RE of Seattle LLC. Selling Office: COMPASS.
- Sold Price
- $1,140,000
- List Price
- $1,195,000
- Status
- SOLD
- MLS#
- 2359911
- Closing Date
- Jun 02, 2025
- Days on Market
- 10
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,840
- Area Total SqFt
- 3840
- Annual Tax Ammount
- 10120
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 11,965
- Sewer
- Sewer Connected
Property Description
Great multi-unit opportunity! Town home-style 4-plex with sizeable 2 bed 1.5 bath units that each come with washer/dryers, dishwashers, garbage disposals, and private patios with parking for up to 8 cars! Conveniently located near Kent Station and easily accessible to highways 167 and 516. Very low vacancy. Current owners have spent around $100K to-date. 3 out of 4 units have undergone major renovations over the past 4 years. Fresh exterior paint. Property has been maintained very clean with home warranty. Tenants pay electricity and gas. Cap rate 7.2%. Pre inspected. Total rent per month $7210.
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Additional Information
- List Date
- 2025-05-23 00:00:00
- Community
- Kent
- Net Operating Income
- $56,250
- Gross Adjusted Income
- $76,250
- Gross Scheduled Income
- $86,520
- Total Monthly Income
- $7,210
- Insurance Expenses
- $2,400
- Water/Sewer/Garbage Expenses
- $3,800
- Gross Rent Multiplier
- 13.89
- Total Expenses
- $18,020
- Cap Rate
- 7.2
- Vacancy Rate
- 2
- Total Number of Units
- 4
- Unit Name
- 640
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1980
- Roof
- Composition
- Site Features
- Patio
- Other Expenses
- 1700
- Energy Source
- Electric, Natural Gas
- School District
- Kent
- Elementary School
- Scenic Hill Elem
- Middle School
- Mill Creek Mid Sch
- High School
- Kent-Meridian High
- Total Monthly Income
- $7,210
- Gross Scheduled Income
- $86,520
- Vacancy Rate
- 2
- Gross Adjusted Income
- $76,250
- Tax Year
- 2025
- Insurance Expense
- $2,400
- W/S/G Expenses
- $3,800
- Total Expenses
- $18,020
- Net Operating Income
- $56,250
- Gross Rent Multiplier
- 13.89
- Cap Rate
- 7.2
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.