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← Back to search results/Kent, WA/1609 Maple Lane #C1-C8
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Listed by Kyle Wells • Windermere Real Estate JS.
FOR SALE

$1,500,000

Est. $8,309/mo

Price reduced $99,990 from the original $1,599,990 asking price

7,440 sq ft

1609 Maple Lane #C1-C8, Kent, WA 98030

• Listed Jul 30, 2026•75 days active · 75 cumulative

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★★★★★5.0·1,244 Google reviews

Listing Broker: Windermere Real Estate JS; Kyle Wells; 360-631-2996; kylewells@windermere.com

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Listing Broker: Windermere Real Estate JS; Kyle Wells; 360-631-2996; kylewells@windermere.com

About this home

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.

Property type
Single Family
Year built
1979
Interior
7,440 sq ft
Lot size
2.789 acres
Parking
None
Price / sq ft
$202
HeatingWall Furnace
CoolingWindow Unit(s)
Property taxes$19,912/yr (est.)
HOA dues$3,386/mo
School districtKent

Listed by Kyle Wells • Windermere Real Estate JS

Listing updated: September 22, 2026 at 06:44pm

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2559752

Around this home

RexMont OfferEdge™

How much should you offer?

1609 Maple Lane #C1-C8, Kent, WA 98030

List price
$1,500,000
Down payment
$300,000

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Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.

Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.

Property details

Layout

  • 5-9 Units

Flooring

  • Laminate

Heating & cooling

  • Wall Furnace heating
  • Window Unit(s) cooling

Schools

Ratings via SchoolDigger

Kent School District

  • Buyer To Verify
    Public · Grades Elementary
    —
  • Buyer To Verify
    Public · Grades Middle
    —
  • Buyer To Verify
    Public · Grades High
    —

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.

Multi-family facts

As entered by the listing broker on Northwest MLS

Units

Total units
8
Units in building
8
Units below grade
false
Building square feet
7,440 sq ft

Income & expenses

Gross scheduled income
$201,600
Total monthly income
$12,000
Additional monthly income
$2,750
Gross adjusted income
$191,520
Net operating income
$127,900
Cap rate
8%
Gross rent multiplier
7.94
Vacancy rate
5%
Total expenses
$63,620
Insurance
$3,072
Other expenses
$40,636
Water / sewer / garbage paid by
0

Parking & storage

Parking spaces
14
Uncovered parking
14

Taxes & assessment

Annual taxes
$19,912
Tax year
2026
Financing
Cash, Conventional

Neighborhood mobility

Doorstep, Pedal & Station Scores

Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.

Ground Truth™

The ground, the slope, the flood zone and the noise at this address

Read from public hazard, flood, terrain and noise maps for this exact home.

Address Insider™

The members' report

Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.

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Sales & Tax Records for 1609 Maple Lane #C1-C8

NWMLS via MLS Grid · King County Assessor

Every listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.

  1. Sep 23, 2026
    Price reduced
    NWMLS via MLS Grid · #2559752
    $1,500,000
    $202/sq ft
  2. Jul 30, 2026
    Listed
    NWMLS via MLS Grid · #2559752
    $1,599,990
    $215/sq ft
  3. Mar 27, 2012
    Recorded sale
    King County recorder · Statutory warranty deed
    $300,000
    $40/sq ft

Mortgage payment forecast

$13,729 per month

Great rate
Principal and interest
Property taxes
HOA dues
Home insurance

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Plan your offer with a RexMont buyer specialistWalk through escalation strategy, contingencies, and competing-offer risk in this neighborhoodCompare loan options30-yr fixed, 15-yr, FHA, VA, jumbo

Source: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.

Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.

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Listing Broker: Windermere Real Estate JS; Kyle Wells; 360-631-2996; kylewells@windermere.com

Market pulse

Kent is a balanced market.

Supply and demand are roughly in balance. Neither side has a clear edge.

Buyer's marketSeller's market

  • Offer insight: Homes typically sell with one offer near asking price.

  • List to sale price: The average home sells very close to list price.

  • Time on market: The average home goes pending in around 61 days.

Recent sales nearby

Within 1 mile · last 6 months

  • $655,000 Sold

    2 weeks ago

    5 bd•2.5 ba•~2,720 sq ft•Single Family

    1123 E Hemlock Street, Kent, WA 98030

    1%

    Over list

    48

    Days on market

    0.8 mi

    Distance

  • $720,000 Sold

    2 weeks ago

    4 bd•2.5 ba•~2,400 sq ft•Single Family

    719 Kensington Avenue S, Kent, WA 98030

    3%

    Under list

    46

    Days on market

    0.7 mi

    Distance

  • $515,000 Sold

    4 weeks ago

    4 bd•0.75 ba•~3,770 sq ft•Single Family

    840 Crest Avenue, Kent, WA 98030

    16%

    Under list

    79

    Days on market

    0.6 mi

    Distance

  • $815,000 Sold

    2 months ago

    4 bd•2.25 ba•~2,405 sq ft•Single Family

    720 E Guiberson Street, Kent, WA 98030

    2%

    Over list

    70

    Days on market

    0.9 mi

    Distance

  • $134,900 Sold

    4 months ago

    3 bd•2 ba•Single Family

    1720 Maple Lane Court #22, Kent, WA 98030

    0%

    Over list

    67

    Days on market

    0.2 mi

    Distance

Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.

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Market data from MLS GRID / NWMLS · Updated Oct 2026

Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.

MLS GRID Disclaimer

Based on information submitted to the MLS GRID as of October 20, 2026 at 8:21 PM PT (date and time MLS GRID Data was obtained). 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.

Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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© 2026 Northwest Multiple Listing Service. All rights reserved.

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