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32736377
32667363

1613 Maple Lane #D1-D6, Kent, WA 98030

DS
WA 21005641
Keller Williams Lake Washington South
Keller Williams Lake Washington South
Listed by Keller Williams Lake Washington South
$1,290,000
24 days on market
Updated 22 days ago

1613 Maple Lane #D1-D6

Details
APN 5097600250
Property Type Multifamily
Sub Type Student Housing, Apartment Building (+1)
Square Footage 5,580
Units 12
Cap Rate 6.39%
NOI $82,420
Tenancy Multi
Pro-Forma NOI $96,000
Class A
Year Built 1979
Year Renovated 1982
Stories 2
Lot Size (SqFt) 121,491
Zoning Multi-Family
Parking Spaces spaces
Investment Type Value Add

1613 Maple Lane #D1-D6, Kent, WA 98030

Marketing description

Investor opportunity in the heart of Kent! Well-maintained 6-unit multifamily property offering strong in-place income with long-term upside potential. Located just minutes from Kent Station, Sounder Train, Hwy 167, I-5, shopping, dining, parks, and major employers, this property is positioned in a highly desirable rental corridor with continued tenant demand. Each spacious unit features 2 bedrooms, 1 bath, approximately 930 SF, in-unit washer & dryer, fireplace, large living areas, and dedicated utility space these are features tenants love and that support long-term occupancy. Property has seen major capital improvements over the years including updated electrical panels, newer roof, siding, gutters, decks, attic insulation, and select interior renovations with updated flooring, paint, and appliances in several units. Plenty of on-site parking plus a quiet setting within the Maple Lane community adds to tenant appeal. Unique setup with individual tax parcels for each unit creates additional flexibility and future exit strategies for investors. Strong rental history with consistent occupancy makes this an ideal addition for both seasoned and first-time multifamily investors seeking stable cash flow in a growing South King County market. Rare opportunity to acquire a turn-key 6-plex with proven performance, excellent location, and future value-add potential.

Investment highlights

Investor opportunity in the heart of Kent! Well-maintained 6-unit multifamily property offering strong in-place income with long-term upside potential. Located just minutes from Kent Station, Sounder Train, Hwy 167, I-5, shopping, dining, parks, and major employers, this property is positioned in a highly desirable rental corridor with continued tenant demand. Each spacious unit features 2 bedrooms, 1 bath, approximately 930 SF, in-unit washer & dryer, fireplace, large living areas, and dedicated utility space these are features tenants love and that support long-term occupancy. Property has seen major capital improvements over the years including updated electrical panels, newer roof, siding, gutters, decks, attic insulation, and select interior renovations with updated flooring, paint, and appliances in several units. Plenty of on-site parking plus a quiet setting within the Maple Lane community adds to tenant appeal. Unique setup with individual tax parcels for each unit creates additional flexibility and future exit strategies for investors. Strong rental history with consistent occupancy makes this an ideal addition for both seasoned and first-time multifamily investors seeking stable cash flow in a growing South King County market. Rare opportunity to acquire a turn-key 6-plex with proven performance, excellent location, and future value-add potential.

Listing Contacts

DS
WA 21005641
Keller Williams Lake Washington South
Keller Williams Lake Washington South
Listed by Keller Williams Lake Washington South

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,420.00
$6,868.33/mo

Valuation Metrics

0
DSCR
6.39%
Cap Rate
6.39%
ROI

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Additional Information

Name
Daniel Sebryakov
License
21005641
Title
Commercial and Residential Realtor
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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