Property Details
11005 SE 248th Street
Kent, WA 98030
$950,000
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Property Overview
Turnkey opportunity in a prime Kent location! This newly renovated property offers exceptional flexibility for both homeowners and investors. Featuring two spacious 3-bedroom, 2-bath units, with Unit A offering 1,160 sq ft and Unit B offering 1,340 sq ft. Each unit includes its own private 220 sq ft garage and ample additional parking. Live in one unit and rent the other, create a multigenerational living setup, or explore income-producing opportunities. Each unit rented for $2,300/month prior to renovation, offering strong investment potential. Conveniently located across from the YMCA with easy access to shopping, dining, schools, parks, and commuter routes. No HOA and endless possibilities await!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Kent
Listed
Jun 19, 2026
Structure Type
Duplex
Parcel Number
2022059266
Tax & HOA
Annual Property Tax
$7,165 (2026)
Est. Monthly Tax
$597/mo
Financial Summary
Cap Rate
6.00%
Net Operating Income
$57,840
Gross Scheduled Income
$72,000
Gross Rent Multiplier
13.19
Total Expenses
$14,160
Vacancy Rate
100.0%
Building & Use
Building Sq Ft
2,500
Leasable Area
2,500 sqft
Total Units
2
Zoning
Residential
Possible Use
Residential
Lot Size
10,402 sqft
Year Built
1984
Exterior & Lot
Lot Size
0.24 sqft
Year Built
1984
Garage
2 spaces
Exterior Materials
Wood
Parking
RV Parking
Sewer
Sewer Connected
Lot Features
Dead End Street
Exterior Features
Wood, Wood Products
Community & Access
Directions
From 248th St. **Turn onto private road between 110th Ct & 110th Ave (East of Kent Shires Sign)
Location
City
Kent
County
King
Coordinates
47.37862, -122.19439
Additional Information
Tax Year
2026
Annual Taxes
$7,165
Possession
Array
Based on information submitted to the MLS GRID as of June 22, 2026 4:00 PM. 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.
