Property Details

108 Kensington Ave S

Kent, WA 98030

$2,125,000

Off Market

CBA# 713354 courtesy of CBA Listing firm: Paragon Real Estate Advisors

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Commercial

Property Type

8,630

Bldg Sq Ft

Units

5.00%

Cap Rate

1986

Year Built

Property Overview

Built in 1986 by the original developer, the property is being offered for sale for the first time, presenting a rare opportunity to acquire a well-maintained legacy asset with pride of ownership evident throughout. 108 Kensington S offers investors stable day-one cash flow, supported by in-unit washer and dryer in every unit, a highly desirable amenity that drives tenant retention and consistent rental demand. The property features a highly functional unit mix of one-bedroom and two-bedroom apartments, catering to a broad tenant base with practical layouts and comfortable living spaces that position the asset competitively within the Kent rental market. New ownership can benefit from proven operations while continuing to capture upside through rent optimization and streamlined management.