127 Kensington Ave S
Kent, WA 98030
Scenic Hill
HIGHLIGHTS
- Value Add Opportunity - Rent growth of 16% is achievable through straightforward interior upgrades and cosmetic modernization.
- Large, Functional Floorplans - Generous unit sizes, averaging ~675 SF, across a unit mix of 1BRs, 2BRs, and a 3BR — rare versatility for the submarket
- Ideal Workforce Housing Profile - Classic garden-style layout built to serve renters priced out of Seattle/Bellevue, aligning with the region’s deepes
- 86 Walk Score Immediate Access - Located just minutes from Kent Station, offering immediate access to surrounding amenities
- Excellent Proximity to Major Employers - Positioned in central South King County — quick access to Boeing, Blue Origin, Amazon, and the Kent Valley in
- Historically Stable Tenancy - Properties in Scenic Hill command high occupancy and long-term tenant retention due to livability and access to transit.
FOR SALE DETAILS
PRICE
$2,650,000 USD
PRICE/SF
$270 USD /SF
# OF UNITS
15
PRICE/UNIT
$176,667
CAP RATE
5.8%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1966
PARKING SPACES
17
LAND DETAILS
LAND ACRES
0.31 AC
LAND SF
13,617 SF
ZONING
MRD, Kent
APN/PARCEL ID
192205-9191
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