Property Details
108 Kensington Avenue SW
Kent, WA 98030
$2,125,000
Active
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Property Overview
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. New ownership can benefit from proven operations while continuing to capture upside through rent optimization and streamlined management. The property benefits from immediate access to State Routes 167 and 516, providing seamless connectivity to Interstate 5, Seattle-Tacoma International Airport, and the greater Puget Sound region. Residents enjoy close proximity to Kent Station, the Sounder Train Station, and the ShoWare Center, offering convenient access to retail, dining, entertainment, and commuter transit, along with nearby parks and recreational amenities that enhance overall livability. As a major employment hub in the Pacific Northwest, the Kent Valley is home to over 12,000 businesses and a strong concentration of industrial and aerospace jobs. Major employers including Boeing, Amazon, Blue Origin, and REI continue to drive population growth and rental demand. With direct rail service to both Seattle and Tacoma, 108 Kensington S is well-positioned to attract residents seeking affordability, accessibility, and proximity to major employment centers.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Scenic Hill
Listed
May 28, 2026
Structure Type
Multi Family
Parcel Number
1922059322
Tax & HOA
Annual Property Tax
$24,188 (2025)
Est. Monthly Tax
$2,016/mo
Financial Summary
Cap Rate
5.95%
Net Operating Income
$126,338
Gross Scheduled Income
$209,352
Gross Rent Multiplier
10.15
Total Expenses
$72,546
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
8,628
Leasable Area
8,628 sqft
Total Units
10
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
27,007 sqft
Year Built
1986
Exterior & Lot
Lot Size
0.62 sqft
Year Built
1986
Exterior Materials
Wood
Sewer
Available
Water Source
Public
Exterior Features
Wood Products
Community & Access
Directions
Start on I-5 S. Take exit 156 for interurban Ave toward Tukwila. Turn left onto Interurban Ave S. Continue onto WA-181 S. Turn right onto 4th Ave N. Turn left onto W Smith. Drive to Reiten Rd On right
Location
City
Kent
County
King
Coordinates
47.38151, -122.22395
Additional Information
Tax Year
2025
Annual Taxes
$24,188
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:14 AM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
