Sold

Listed by: Global Real Estate Group • Kyle L. Simon

Bought with: PRO RLTYSRVCS Eastside

$1,150,000

729 1st Avenue S, Kent, WA 98032

--beds

--baths

3,992sqft

Multi Family

Built in 1979

-- sqft lot

$1,193,400 Zestimate^®

$288/sqft

$2,237 Estimated rent

Home value

$1,193,400

$1.10M - $1.30M

$2,237/mo

Zestimate^® history

Owner options

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$2,237/mo

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$2,237/mo

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$6,957/mo

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$6,957/mo

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What's special

Huge cash flowing property!! ZERO owner utility expense, tenants pay all utilities. Maintained meticulously; hard to find Townhome style units w/ convenient half bath on main floor. Spacious units feel & rent like 3 bdrms due to an original partition wall in all units (closet & egress included). Always rent fast & stay rented! Each unit with its own patio & fully fenced private yard. Prime location in Kent! One of the largest industrial corridors in the nation is just two minutes away. A job hub that provides over 100,000 jobs to local residents! Rental income exceeds $110k at market rents. Room for future improvement with a permit for a 3rd bdrm. Turn key, cash flowing asset. (May be purchased with adjacent building MLS: 2039429)

Facts & features

Interior

Heating

Wall Unit(s), Electric

Cooling

None

Features

Flooring: Laminate, Vinyl Plank, Carpet
Has fireplace: No

Interior area

Total structure area: 3,992
Total interior livable area: 3,992 sqft

Property

Parking

Total spaces: 10
Parking features: Open
Uncovered spaces: 10

Features

Patio & porch: Laminate, Wall to Wall Carpet

Lot

Size: 9,330 Square Feet
Dimensions: 161.5 x 57
Features: Cable TV, Fenced-Fully, Gated Entry, High Speed Internet, Patio

Details

Parcel number: 9197100323
Zoning description: Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Metal/Vinyl
Foundation: Poured Concrete
Roof: Composition

Condition

Very Good
Year built: 1979
Major remodel year: 1996

Utilities & green energy

Electric: Company: Puget Sound Energy
Sewer: Sewer Connected, Company: City of Kent
Water: Public, Company: City of Kent
Utilities for property: Comcast, Comcast

Community & HOA

Community

Subdivision: Kent

Location

Region: Kent

Financial & listing details

Price per square foot: $288/sqft
Tax assessed value: $1,201,000
Annual tax amount: $10,400
Date on market: 6/25/2023
Cumulative days on market: 1006 days
Listing terms: Conventional,FHA,Rehab Loan,VA Loan

Price history

Date	Event	Price
8/15/2023	Sold	$1,150,000-7.9%$288/sqft
Source: NWMLS as distributed by MLS GRID #2039401 Report a problem
6/8/2023	Pending sale	$1,249,000$313/sqft
Source: NWMLS as distributed by MLS GRID #NWM2039401 Report a problem
4/28/2023	Listed for sale	$1,249,000$313/sqft
Source: NWMLS as distributed by MLS GRID #NWM2039401 Report a problem
3/13/2023	Pending sale	$1,249,000$313/sqft
Source: NWMLS as distributed by MLS GRID #NWM2039401 Report a problem
3/1/2023	Listed for sale	$1,249,000+31.5%$313/sqft
Source: NWMLS as distributed by MLS GRID #2039401 Report a problem
11/3/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
10/29/2022	Listed for rent	$1,899+46.6%
Source: Zillow Rental Manager Report a problem
2/24/2022	Sold	$950,000+11.8%$238/sqft
Source: NWMLS as distributed by MLS GRID #1887886 Report a problem
2/11/2022	Pending sale	$849,998$213/sqft
Source: NWMLS as distributed by MLS GRID #1887886 Report a problem
2/10/2022	Listed for sale	$849,998+112.5%$213/sqft
Source: NWMLS as distributed by MLS GRID #1887886 Report a problem
3/30/2019	Listing removed	$1,295
Source: Brink Property Management Report a problem
3/7/2019	Listed for rent	$1,295
Source: Zillow Rental Network Report a problem
1/6/2019	Listing removed	$1,295
Source: Brink Property Management Report a problem
12/15/2018	Price change	$1,295-4.1%
Source: Zillow Rental Network Report a problem
11/30/2018	Listed for rent	$1,350
Source: Zillow Rental Network Report a problem
10/26/2018	Listing removed	$1,350
Source: Brink Property Management Report a problem
10/10/2018	Listed for rent	$1,350+23.3%
Source: Zillow Rental Network Report a problem
2/10/2017	Listing removed	$1,095
Source: Zillow Rental Network Report a problem
1/28/2017	Listed for rent	$1,095
Source: Zillow Rental Network Report a problem
11/4/2004	Sold	$400,000$100/sqft
Source: NWMLS as distributed by MLS GRID #24122166 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$14,005 +11%	$1,201,000 +3.4%
2024	$12,614 +15.6%	$1,161,000 +22.1%
2023	$10,915 -4.9%	$951,000 -7.4%
2022	$11,473 +10.3%	$1,027,000 +27.7%
2021	$10,400 +7.4%	$804,000 +12.1%
2020	$9,679 +15.6%	$717,000 +17.7%
2019	$8,376 +13.8%	$609,000 +10.5%
2018	$7,359 +5.7%	$551,000 +18%
2017	$6,965 +41.6%	$467,000 +15.3%
2016	$4,917	$405,000 +11.9%
2015	$4,917	$362,000 +7.7%
2014	$4,917	$336,000 -7.7%
2013	$4,917	$364,000 -5.5%
2012	--	$385,000
2011	--	$385,000 -6.1%
2010	--	$410,000
2009	--	$410,000
2007	--	$410,000 +2%
2006	--	$402,000 +52.3%
2005	--	$264,000 +863.5%
2001	$393 -4.6%	$27,400
2000	$412	$27,400