$1,380,000
Est. $7,479/mo2,024 sq ft
21902 84th Avenue S, Kent, WA 98032
• Listed Oct 29, 2026•9 days active · 9 cumulative
Listing Broker: Coldwell Banker Danforth; Caroline L. Bouvier; 206-650-0431; caroline.l.bouvier@gmail.com
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Listing Broker: Coldwell Banker Danforth; Caroline L. Bouvier; 206-650-0431; caroline.l.bouvier@gmail.com
About this home
Rare and exceptional investment opportunity in downtown Kent! Situated on an 11,835 SF I2-zoned parcel, the recently updated fourplex offers a compelling combination of immediate cash flow and future flexibility. This investment offers nearly $90,000 in current annual rental income with three 2-bedroom units and one 1-bedroom unit, all thoughtfully designed on a single level. Each unit includes ensuite laundry, newer appliances, hard flooring and quartz countertops. The property has been well maintained and updated with new windows, water heaters and forced air heat for comfortable interiors. Tenants pay their own utilities, keeping owner expenses low. The substantial site features a highly functional layout, combining the existing building footprint with ample parking and open areas. The approximately 10 parking spaces provide exceptional convenience, and a large backyard adds value. Ideally positioned in a commercial/industrial area with convenient access to major transportation routes, employment centers, shopping and services. A distinctive property offering four well-appointed residential units, abundant parking and a sizeable parcel in a highly accessible Kent location. Buyer to verify zoning, permitted uses and development potential with the City of Kent.
Listed by Caroline L. Bouvier • Coldwell Banker Danforth
Listing updated: October 29, 2026 at 06:58pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2590251
Around this home
How much should you offer?
21902 84th Avenue S, Kent, WA 98032
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
- Vinyl Plank
Heating & cooling
- Forced Air heating
- None cooling
Schools
Ratings via SchoolDiggerKent School District
- River Ridge ElementaryPublic · Grades PK-5 · State rank 1,088 of 1,1381/10
- Mill Creek Middle SchoolPublic · Grades 6-8 · State rank 506 of 5141/10
- Kentridge High SchoolPublic · Grades 9-12 · State rank 84 of 3968/10
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
- 2,024 sq ft
Income & expenses
- Gross scheduled income
- $88,800
- Total monthly income
- $7,400
- Gross adjusted income
- $76,315
- Net operating income
- $76,315
- Cap rate
- 5.5%
- Gross rent multiplier
- 15.54
- Total expenses
- $12,485
- Insurance
- $2,915
- Water / sewer / garbage paid by
- 0
Parking & storage
- Parking spaces
- 10
- Uncovered parking
- 10
Taxes & assessment
- Annual taxes
- $9,570
- 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 21902 84th Avenue S
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.
- Oct 29, 2026ListedNWMLS via MLS Grid · #2590251$1,380,000$682/sq ft
- Nov 18, 2011SoldNWMLS via MLS Grid · #278121$95,000$47/sq ft
- Oct 27, 2011PendingNWMLS via MLS Grid · #278121$113,300$56/sq ft
- Sep 23, 2011ListedNWMLS via MLS Grid · #278121$113,300$56/sq ft
- Dec 14, 2005SoldNWMLS via MLS Grid · #25164589$345,000$170/sq ft
- Nov 15, 2005PendingNWMLS via MLS Grid · #25164589$349,950$173/sq ft
Mortgage payment forecast
$8,622 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: Coldwell Banker Danforth; Caroline L. Bouvier; 206-650-0431; caroline.l.bouvier@gmail.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 63 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Nov 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 November 7, 2026 at 7:59 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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© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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