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108 Kensington Ave S
Kent, WA 98030 Scenic Hill

$2,125,000 USD

Apartments For Sale • 9,210 SF

Property Details

Property Type Apartments
Total Building Size 9,210 SF
Lot Size 0.62 AC
Building Class C
Year Built 1986
Cap Rate 6.00 %
Zoning NR-2

50 Transit Score

60 Walk Score

                
                    Highlights
                
                                Offered at a 6% cap rate with stable day-one cash flow
                            
                                Easy to maintain unit layouts and unit mix
                            
                                Low maintenance asset built in 1986 featuring copper plumbing, Square D Panels, and an 8 yearr old roof
                            
                                Ample parking on-site for tenants to use, with two dedicated spots for each unit
                            
                                Certain units have been updated with LVP flooring, quartz countertops and updated fixtures
                            
                                Attractive basis well below replacement cost

Property Flyers

Parkview Apartments Kent - OM

Financial Summary (Actual)

Net Operating Income: $126,338 USD (2025)

Cap Rate:	6.00 %
Total Expenses:	$72,546 USD

Public Transportation

Airport	Drive	Walk	Distance
Seattle-Tacoma International	20 min	-	9.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	20
Type:	Surface
Included in Rent:	Yes

Tanner Fogle 360-771-0010 Paragon Real Estate Advisors

108 Kensington Ave S Kent, WA 98030 Scenic Hill