$700,000
Est. $3,877/mo3,720 sq ft
1609 Maple Lane #C5-C8, Kent, WA 98030
• Listed Sep 15, 2026•33 days active · 33 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 4-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 $2,000+ 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 4-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 18, 2026 at 03:35pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2581755
Around this home
How much should you offer?
1609 Maple Lane #C5-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
Layout
- 4-Plex
Flooring
- Laminate
- Vinyl Plank
Heating & cooling
- Wall Furnace heating
- Window Unit(s) cooling
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.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 4
- Units in building
- 4
- Units below grade
- false
- Building square feet
- 3,720 sq ft
Income & expenses
- Gross scheduled income
- $66,900
- Total monthly income
- $5,575
- Gross adjusted income
- $63,555
- Net operating income
- $31,745
- Cap rate
- 4.5%
- Gross rent multiplier
- 10.46
- Vacancy rate
- 5%
- Total expenses
- $31,810
- Insurance
- $1,536
- Other expenses
- $20,318
- Water / sewer / garbage paid by
- 0
Parking & storage
- Parking spaces
- 12
- Uncovered parking
- 12
Taxes & assessment
- Annual taxes
- $9,956
- 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.
Opens with the report above.
Sales & Tax Records for 1609 Maple Lane #C5-C8
NWMLS via MLS Grid · King County AssessorEvery 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.
- Sep 15, 2026ListedNWMLS via MLS Grid · #2581755$700,000$188/sq ft
- Mar 27, 2012Recorded saleKing County recorder · Statutory warranty deed$300,000$81/sq ft
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$6,575 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: 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 58 days.
Recent sales nearby
Within 1 mile · last 6 months$655,000 Sold
1 week 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
3 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
8 weeks 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
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 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 18, 2026 at 2:08 AM 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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