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723 5th Ave S
Kent, WA 98032 South Kent

$5,400,000 USD

Apartments For Sale  •  45,950 SF

Property Details

  • Property Type Apartments
  • Total Building Size 24,150 SF
  • Lot Size 0.9 AC
  • Building Class C
  • Year Built 1966
  • Zoning MRD
43 Transit Score
45 Walk Score

Highlights

Ideal fit for a new owner to further implement a full value-add program while continuing to raise rents to market rate
1, 2 and 3-bedroom units averaging 966 square feet; features 25 townhome-style units with in-unit washer/dryer in renovated units & hookups in classic
Located less than one mile from Kent Station with Sounder Train service and 4 miles from the planned Kent Des Moines Link light rail station
The area’s largest employers, Boeing and Blue Origin HQ, are within four miles; convenient access to Highways 516 and 167
Kent Valley’s blue-collar workforce and rising barrier to entry in the single-family market bode well for multifamily demand moving forward
49% renter occupied housing units within three-mile radius of the property

Property Flyers

Amenities

  • 24 Hour Access
  • Washer/Dryer
  • Heating
  • Kitchen
  • Granite Countertops
  • Stainless Steel Appliances
  • Range
  • Yard
  • Maintenance on site
  • Online Services
  • Patio
  • Walk-Up

Public Transportation

Commuter RailDriveWalkDistance
Kent Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 3 min 19 min 1.0 mi
Auburn Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 12 min - 6.5 mi
AirportDriveWalkDistance
Seattle-Tacoma International 19 min - 8.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 39
Type: Surface
Included in Rent: Yes
Chad Blenz 206-491-2008 Berkadia
Chad Blenz 206-491-2008 Berkadia