$639,000

4 Beds 4 Baths 1,920 SQFT 0.01 Acres
Type: Multi-Family

3706 S 255th Place
Kent, WA 98032

MLS#: 2550198
Presented by: Keller Williams Rlty Bellevue and NWMLS

Property Description

 

Exceptional investment opportunity in the heart of Kent! This versatile property is currently configured and operating as a triplex, generating over $60,000 in annual rental income with an impressive 8% cap rate—a rare find in today's market. Whether you're an investor looking for immediate cash flow or a homeowner seeking a property with outstanding income potential, this home offers endless possibilities. Continue renting all three units for strong returns, or update the home to suit your vision while living in one unit and renting the others to offset your mortgage. Thoughtfully designed with a functional layout and separate entrances for each unit, the property provides flexibility and privacy for tenants or multigenerational living. Conveniently located with easy access to major highways, shopping, dining, West Fanwick Park and everyday amenities, commuting is a breeze while enjoying everything Kent has to offer. Opportunities combining strong cash flow, flexible living options, and long-term upside are increasingly rare—don't miss your chance to own this exceptional income-producing property!


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringCeramic Tile, Laminate, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces0
Total Stories3

General

Building Area Units0 sqft
Building NameParkside 02
Cap Rate8
Carport Spaces0
Carport Y/NNo
CityKent
CoolingNone
CountyKing
DirectionsI-5 S, take exit 149 for WA516 toward Kent-Des Moines, right onto Military Rd S, left onto S 250th St, right at the 1st cross street onto 38th Ave S, right on S 255th Pl, property on right hand side.
Electric Expense100
Elementary SchoolSunnycrest Elem
Fuel Expense100
Garage Spaces2
HOANo
HOA Fee$0
HeatingForced Air
High SchoolThomas Jefferson Hig
High School DistrictFederal Way
Insurance Expense922
Leasable Area2,320 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet550 sqft
Lot Size UnitsSquare Feet
MLS Area120 - Des Moines/Redondo
Middle/Junior High SchoolEvergreen Middle
NWM_ShowMapLinkY
Net Operating Income52100
New ConstructionNo
Number Of Units Total3
PossessionClosing
Property ConditionFair
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksExceptional investment opportunity in the heart of Kent! This versatile property is currently configured and operating as a triplex, generating over $60, 000 in annual rental income with an impressive
RoofTile
Security FeaturesFully Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameWest Hill
Tax Annual Amount$6,109
Tax Year2026
Units Below Gradefalse
Units In Building Total3
Water CompanyCity of Kent
Water Sewer Garbage100
Year Built1978

Exterior

Building Area Total1,920 sqft
Covered Spaces2
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesPaved, Sidewalk
Lot Number39
Lot Size Acres0.0126
Parking Uncovered Total3
Site FeaturesDeck, Fenced-Fully, Gas Available
Total Parking5
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School Thomas Jefferson Hig High School
Middle School Evergreen Middle
Elementary School Sunnycrest Elem

  

Similar Properties

$639,000

4 Beds 4 Baths 1,920 SQFT 0.01 Acres
Type: Multi-Family

3706 S 255th Place
Kent, WA 98032

MLS#: 2550198