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Listed by: Sara Bago , Candice Chevaillier | Lee & Associates Commercial RE (206) 773-2696
$1,995,000
Monthly Est:$9,930
16 Beds
10 Baths
7,808sqft
739 3rd Avenue S, Kent, WA 98032
$1,995,000
$9,930/moEst:
Get Pre-Approved
Multi Family
Built in 1969
$-- HOA
15,363 sqft lot
$256/sq.ft
Description
Watson Manor Apartments is a 10-unit apartment building located in the heart of Kent. Situated just south of Kent Station and minutes from SR-516, the property offers tenants suburban livability with seamless access to major employment centers throughout the region. Watson Manor is a rare opportunity to acquire a 100% vacant asset, providing investors with complete operational flexibility from day one. Unlike typical acquisitions encumbered by legacy leases, below-market rents, or deferred repositioning timelines, this property allows a new owner to immediately execute their business plan and fully capture current market dynamics. The asset represents a true “choose your own adventure” opportunity — whether the strategy is a light cosmetic refresh and lease-up, a comprehensive interior renovation to achieve premium rents, or a thoughtful reconfiguration to maximize unit efficiency. With no tenant rollover risk or displacement considerations. Beyond the immediate ability to re-tenant at today’s market rates, the property offers compelling upside through strategic improvements and potential reconfiguration. Explore converting the existing laundry area into an additional unit, or redesigning select layouts to create larger sized units, increasing rentable square footage and overall revenue potential. NOTE - All income and expense items are based on proforma - property will be delivered vacant at close.
- Houzeo last checked: 14 minutes ago
- Listing updated: August 7, 2026 at 4:49 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2491414
Property Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1969
HOA Fees
-
Finished Area
7,808 sqft
Lot Size
15,363 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2491414
MLS Status
Pending Inspection
Days on Market
204
Cumulative Days on Market
203
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 16
Bathrooms: 10
Interior
Flooring
Laminate, Carpet
Exterior Features
Wood
Sewer
Sewer Connected
Heating
Baseboard
Cooling
None
Construction
Year Built
Year Built: 1969
Home type
Multi Family
Roof
Metal
Property Condition
Average
Foundation Details
Poured Concrete
Construction Materials
Wood
Utilities & Energy
Security Features
Partially Fenced
Water Source
Public
Other Features
Subdivision Name
Kent
Price History
| Date | Event | Price |
|---|---|---|
08/07/2026 Source: | Pending | $1,995,000 $256/sqft |
03/12/2026 Source: | Listed for Sale | $1,995,000 $256/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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