HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?
Additional details
Listed by:Lee & Associates Commercial RE • Sara Bago
$ 1,995,000
Est. payment /mo
Active
739 3rd AVE S Kent, WA 98032
16 Beds
10 Baths
7,808 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,808 sqft
Price per Sqft $255
Subdivision Kent
MLS Listing ID 2491414
Style 56 - 10+ Units
Bedrooms 16
Year Built 1969
Annual Tax Amount $18,065
Lot Size 0.353 Acres
Property Sub-Type Multi Family
Property Description
Watson Manor Apartments is a 10-unit apartment building located in the heart of Kent. Situated just south of Kent Station and minutes from SR-516, the property offers tenants suburban livability with seamless access to major employment centers throughout the region. Watson Manor is a rare opportunity to acquire a 100% vacant asset, providing investors with complete operational flexibility from day one. Unlike typical acquisitions encumbered by legacy leases, below-market rents, or deferred repositioning timelines, this property allows a new owner to immediately execute their business plan and fully capture current market dynamics. The asset represents a true “choose your own adventure” opportunity — whether the strategy is a light cosmetic refresh and lease-up, a comprehensive interior renovation to achieve premium rents, or a thoughtful reconfiguration to maximize unit efficiency. With no tenant rollover risk or displacement considerations. Beyond the immediate ability to re-tenant at today's market rates, the property offers compelling upside through strategic improvements and potential reconfiguration. Explore converting the existing laundry area into an additional unit, or redesigning select layouts to create larger sized units, increasing rentable square footage and overall revenue potential. NOTE - All income and expense items are based on proforma - property will be delivered vacant at close.
Location
State WA
County King
Area 330 - Kent
Interior
Flooring Laminate, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Deck, Fenced-Partially
View Y/N No
Roof Type Metal
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Kent
Others
Senior Community No
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
NEARBY SCHOOLS & PROPERTIES