4809-4811 S 252nd Pl - Apartments FOR SALE


Kent, WA 98032- Lake Fenwick
$2,000,000 USD
253-722-1413
4809-4811 S 252nd Pl, Kent, WA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/3
null | 6.32% Cap Rate

4809-4811 S 252nd Pl
Kent, WA 98032
Lake Fenwick


HIGHLIGHTS

  • Two 4-plex buildings with updated interiors and new roofs completed in 2025.
  • Located near major employment hubs and retail amenities in Kent, WA.
  • In-unit laundry and surface parking with 24 stalls for tenant convenience.
  • Flexible acquisition options: purchase both properties or individually.
  • Easy access to transportation corridors, including SR-516 and SR-167.
  • Stabilized cap rate of 6.32% with predictable cash flow potential.

OVERVIEW

Kidder Mathews is pleased to present the Timber Heights 4-plexes for sale. Two well-maintained 4-plex properties located in Kent, Washington, providing investors the opportunity to acquire a small multifamily portfolio or purchase each asset individually. The properties may be sold together or to separate buyers, offering flexibility to both owner-operators and passive investors. Both 4-plexes have benefited from recent capital improvements, including updated property systems and new roofs, reducing near-term maintenance risk and supporting long-term operational stability. The buildings feature modernized interior finishes, creating strong tenant appeal and supporting stable occupancy in a high-demand rental market. The combination of updated interiors, improved building systems, and efficient layouts positions the properties as attractive, low-management investments with predictable cash flow for years to come. Located in Kent, WA, the assets benefit from proximity to major employment centers, transportation corridors, and retail amenities throughout the South Sound region. This offering presents an excellent opportunity to acquire stabilized multifamily assets in a supply-constrained market.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$349 USD /SF

# OF UNITS

8

PRICE/UNIT

$250,000

CAP RATE

6.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TIMBER HEIGHTS 4-PLEXES

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

MR-M

APN/PARCEL ID

677790-0060,677790-0070

ASK ABOUT THIS PROPERTY

Austin KelleyKidder MathewsMore Info
253-722-1413

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Austin KelleyKidder MathewsMore Info
253-722-1413

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.