127 Kensington Ave S - Apartments FOR SALE
Kent, WA 98030 |
127 Kensington Ave S
Kent, WA 98030
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
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
9820
STORIES
2
YEAR BUILT
1966
PARKING SPACES
17
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
192205-9191
