2716 S 256th Place, Kent, WA 98032
- $750,000
- 2,716
- SqFt
Listing courtesy of Berkshire Hathaway HS NW. Selling Office: Skyline Properties, Inc..
- Sold Price
- $750,000
- List Price
- $799,950
- Status
- SOLD
- MLS#
- 2437310
- Closing Date
- Jan 12, 2026
- Days on Market
- 137
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 2,716
- Area Total SqFt
- 2716
- Annual Tax Ammount
- 7290
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 7,220
- Sewer
- Sewer Connected
Property Description
Why just buy a home when you can own an income-generating property? This 4-unit multifamily offers the perfect opportunity to live affordably while tenants help pay your mortgage. The building includes two 2-bedroom/1-bath units and two 1-BD/1-BA units. Recent improvements new roof (2015), updated windows, siding, gutters, and freshly updated interiors in two units. Enjoy the privacy of a home at the end of a quiet dead-end street, with upper units featuring private decks and lower units offering patios. Each unit has assigned parking, and the location near shopping, schools, and major freeways adds everyday convenience. With one 2BD and one 1BD unit vacant you can move right in and start generating income on day one.
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Additional Information
- List Date
- 2025-08-28 00:00:00
- Community
- Kent
- Net Operating Income
- $48,633
- Gross Adjusted Income
- $48,633
- Gross Scheduled Income
- $66,600
- Total Monthly Income
- $3,035
- Insurance Expenses
- $1,689
- Water/Sewer/Garbage Expenses
- $8,592
- Gross Rent Multiplier
- 12
- Total Expenses
- $17,967
- Cap Rate
- 6
- Vacancy Rate
- 50
- Total Number of Units
- 4
- Unit Name
- 2716
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1977
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Fully, Patio
- Electric Expenses
- 396
- Energy Source
- Electric
- School District
- Kent
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $3,035
- Gross Scheduled Income
- $66,600
- Vacancy Rate
- 50
- Gross Adjusted Income
- $48,633
- Tax Year
- 2025
- Insurance Expense
- $1,689
- W/S/G Expenses
- $8,592
- Total Expenses
- $17,967
- Net Operating Income
- $48,633
- Gross Rent Multiplier
- 12
- 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.