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731 5th Ave S
Kent, WA 98032 South Kent

Price Upon Request

Apartments For Sale  •  22,050 SF

Property Details

  • Property Type Apartments
  • Total Building Size 22,050 SF
  • Lot Size 1.42 AC
  • Building Class B
  • Year Built 1965
  • Zoning MR-M
43 Transit Score
45 Walk Score

Highlights

24 units across three buildings, is an ideal fit for a new owner to implement a full value-add program while continuing to raise rents to market rate
Oversized 1 & 2-bedroom units averaging 919 square feet; all units equipped with in-unit washers and dryers & existing wood-style laminate flooring
Located less than one mile from Kent Station with Sounder Train service & 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

Public Transportation

Commuter RailDriveWalkDistance
Kent Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 3 min 20 min 1.0 mi
Auburn Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 13 min - 6.6 mi
AirportDriveWalkDistance
Seattle-Tacoma International 19 min - 8.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 59
Type: Surface
Included in Rent: Yes