$1,500,000
Est. $8,008/moPrice 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•62 days active · 62 cumulative
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.
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
Open houses
No upcoming open houses scheduled for this property.
Around this home
How much should you offer?
1609 Maple Lane #c1-c8, Kent, WA 98030
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
Flooring
- Laminate
Heating & cooling
- Wall Furnace heating
- Window Unit(s) cooling
Neighborhood mobility
Walk, bike & transit scores
Source: Walk Score®, Bike Score® and Transit Score® are provided by Walk Score (walkscore.com), a third-party service. This is not Northwest MLS listing data.
Schools
Ratings via SchoolDiggerKent School District
- Buyer To VerifyPublic · Grades Elementary—
- Buyer To VerifyPublic · Grades Middle—
- Buyer To VerifyPublic · 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.
Mortgage payment forecast
$13,428 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: 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%.
Ask about this home
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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.
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 67 days.
Recent sales nearby
Within 1 mile · last 6 months$515,000 Sold
5 days 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
$460,000 Sold
3 weeks ago
1 bd•1 ba•~1,120 sq ft•Single Family
712 E Guiberson Street, Kent, WA 98030
3%
Under list
37
Days on market
0.9 mi
Distance
$815,000 Sold
6 weeks ago
4 bd•2.25 ba•~2,405 sq ft•Single Family
720 E Guiberson Street E, Kent, WA 98030
2%
Over list
70
Days on market
1.0 mi
Distance
$885,000 Sold
2 months ago
3 bd•1.5 ba•~2,670 sq ft•Single Family
432 Scenic Way, Kent, WA 98030
2%
Under list
53
Days on market
0.9 mi
Distance
$134,900 Sold
3 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.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 22, 2026 at 06:44pm (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.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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