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Listed by: Kyle Wells (360) 631-2996 | Windermere Real Estate JS (360) 653-2509
$1,500,000
Monthly Est:$7,466
16 Beds
8 Baths
7,440sqft
1609 Maple Ln #C1-C8, Kent, WA 98030
$1,500,000
$7,466/moEst:
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Condominium
Built in 1979
$3,386/mo HOA
2.79 acres lot
$202/sq.ft
Description
Exceptional opportunity to acquire a well-maintained 8-unit multifamily property in the heart of Kent. This turnkey investment offers immediate cash flow, consistently low vacancy, and substantial upside through future rent growth. There are multiple exit strategies as each condo is individually parceled off with recent sales as high as $260k in the community. Each spacious 2-bedroom, 1-bath unit features approximately 930 SF, a fireplace, in-unit washer and dryer, reserved parking, and an efficient floor plan that continues to attract long-term tenants. Many tenants are long-term with lower than market rents with the potential to achieve $2,100+ per month as leases renew and units are refreshed. Pro-forma shows this as an 8% cap rate. Possibility for even higher rents as mid-term rentals. HOA dues cover professional management, water, sewer, garbage, exterior building maintenance, and landscaping. Creating a low-maintenance ownership experience. Recent improvements include newer roofs, brand-new siding, windows, doors, gutters, balconies, electrical panels, crawlspace insulation, moisture barriers, seismic retrofitting, road resurfacing, and concrete replacement. A rare opportunity to acquire a stable, income-producing 8-unit asset with long-term appreciation and value-add potential in one of South King County's strongest rental markets. Extremely convenient location to highways, public transportation, and shopping.
- Houzeo last checked: 4 hours ago
- Listing updated: September 23, 2026 at 1:44 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2559752
Property Details
Status
Active
Type
Condominium
No. of Stories
2
County
City
Neighborhood
--
Year Built
1979
HOA Fees
$3386/mo
Finished Area
7,440 sqft
Lot Size
2.79 acres lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2559752
MLS Status
Active
Days on Market
64
Cumulative Days on Market
63
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Location
HOA Management
N/A
HOA Fees
$3,386.33/ Monthly
Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 16
Bathrooms: 8
Interior
Flooring
Laminate
Exterior Features
Wood Products
Sewer
Sewer Connected
Heating
Wall Furnace
Cooling
Window Unit(s)
Construction
Year Built
Year Built: 1979
Home type
Condominium
Roof
Composition
Property Condition
Good
Foundation Details
Poured Concrete
Construction Materials
Wood
Utilities & Energy
Water Source
Public
Other Features
Lot Features
Paved
Subdivision Name
Green River
Price History
| Date | Event | Price |
|---|---|---|
07/30/2026 Source: | Price Increased | $1,599,990 +6.67% $215/sqft |
07/30/2026 Source: | Listed for Sale | $1,500,000 $202/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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