$1,599,990
Est. $8,226/mo1609 Maple Lane #c1-c8, Kent, WA 98030
• Listed 2026-07-30•2 days on market
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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.
Listed by Kyle Wells • Windermere Real Estate JS
Listing updated: July 30, 2026 at 12:41pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2559752
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1609 Maple Lane #c1-c8, Kent, WA 98030
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Kent is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 11 days.
$840,000 Sold
3 weeks ago
4 bd•1.75 ba•~2,400 sq ft•Single Family
718 E Walnut Street, Kent, WA 98030
0%
Over list
—
Days on market
0.5 mi
Distance
$660,000 Sold
4 weeks ago
3 bd•1.5 ba•~2,050 sq ft•Single Family
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1%
Under list
—
Days on market
0.8 mi
Distance
$776,000 Sold
4 months ago
5 bd•2.75 ba•~2,480 sq ft•Single Family
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1%
Over list
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Days on market
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Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Aug 2026
Kent School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
