$995,000
Est. $5,269/mo3 bd•1.75 ba•1,230 sq ft
11651 Se 212th Place, Kent, WA 98031
• Listed 2026-08-27•New today
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Exceptional investment and development opportunity on 1.99 acres in a highly desirable location! This unique property features three income-producing homes, offering immediate rental revenue of $6,500 while you explore the property's future potential. Zoned R8 with potential for 8 lots. Whether you're seeking a multi-generational compound, an income-generating investment, or your next development project, the possibilities are endless. The property includes a spacious 4-bedroom, 2-bath main home, a 3-bedroom, 1.5-bath residence, and a charming 3-bedroom, 2-bath log home, providing flexibility for multiple tenants, extended living, or owner occupancy. With water available in the street and Sewer at the end of Se 212th Pl, this property presents outstanding development potential while allowing you to generate rental income throughout the planning process. The true value lies in the land, making this an exceptional opportunity for investors, builders, and developers alike. Ideally located with convenient access to schools, shopping, dining, and major freeways, this rare offering combines strong current income potential with exciting possibilities for future growth. Don't miss your chance to secure this versatile and valuable property.
Listed by Jonathan D. Bye • John L. Scott, Inc
Listing updated: September 19, 2026 at 09:23am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2573729
11651 Se 212th Place, Kent, WA 98031
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.
Neighborhood mobility
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.
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$6,065 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Kent is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 8 days.
$81,000 Sold
2 weeks ago
3 bd•1.75 ba•Single Family
11436 Se 208th Street #45, Kent, WA 98031
1%
Under list
—
Days on market
0.5 mi
Distance
$700,000 Sold
7 weeks ago
4 bd•2.5 ba•~1,920 sq ft•Single Family
10900 Se 219th Place, Kent, WA 98031
5%
Under list
—
Days on market
0.7 mi
Distance
$65,000 Sold
3 months ago
2 bd•1.75 ba•Single Family
11436 Se 208th Street #136, Kent, WA 98031
13%
Under list
—
Days on market
0.5 mi
Distance
$685,000 Sold
3 months ago
3 bd•2.5 ba•~1,500 sq ft•Single Family
12324 Se 223rd Drive, Kent, WA 98031
0%
Over list
—
Days on market
0.7 mi
Distance
$60,000 Sold
4 months ago
3 bd•2 ba•Single Family
21807 107th Ave Se #28, Kent, WA 98031
14%
Under list
—
Days on market
0.8 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 19, 2026 at 09:23am (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.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (4)
See more →
Open Sun, Sep 20
Open Mon, Sep 21
Open Sat, Sep 26$976,000
-$19,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $555K and $650K.
Rental earnings
$2,925/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$590,000Last sold price
21622 120th Avenue Se, Kent, WA 98031
$584,000Last sold price
11220 Se 212th Street, Kent, WA 98031
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
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