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JRJeff ReynoldsCompass · Seattle

Listed by Maggie Sun, Keller Williams Rlty Bellevue

1,920
Square feet
$354
Per sq ft
Multi Family
Type
1978
Year built
550 sq ft
Lot
6
Days on market

About this property

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!

Location & commute

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Directions

Property details

Listing details

Listing number
#2550198
Listed
July 7, 2026
Days on market
6
Price per sq ft
$354

Unit & building

Building
Parkside 02
Stories in building
3
Units in building
3

Parking

Covered spaces
2
Total spaces
5

Construction

Year built
1978
Style
52 - Duplex
Structure
Duplex
Roof
Tile

Heating & cooling

Heating
Forced Air
Cooling
None
Energy source
ElectricNatural Gas

Flooring

Flooring
Ceramic TileLaminateVinylCarpet

Lot

Lot features
PavedSidewalk
Lot size
550 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
City of Kent
Sewer
City of Kent
Power
PSE

Schools

District
Federal Way
Elementary
Sunnycrest Elem
Middle
Evergreen Middle
High
Thomas Jefferson Hig

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • Duplex
  • Tile
  • Forced Air
  • None
  • Electric
  • Natural Gas
  • Ceramic Tile
  • Laminate
  • Vinyl
  • Carpet
  • Paved
  • Sidewalk

Listing history

  1. Listed

    $680,000

    July 7, 2026

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$3,959

Principal & interest
$3,438
Property tax (est.)
$521

Assumes $136,000 down (20%), a $544,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 13, 2026 at 10:45 PM PDT. 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.