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Listed by:Lee & Associates Commercial RE • Sara Bago

$1,995,000

Est. payment - /mo

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16 Beds

10 Baths

7,808 SqFt

Pending

739 3rd AVE S Kent, WA 98032

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

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.

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Amenities & Attractions

Restaurants

Home Services

Health & Medical

Local Services

Shopping

Food

Event Planning & Services

Automotive

Religious Organizations

Professional Services

Travel

Pets

Public Services & Government

The Celtic Club

623 Central Ave S, Kent, WA 98032

Irish Phone: 253-236-4596
Andy’s Family Restaurant

623 Central Ave S, Kent, WA 98032

Phone: 253-859-4800

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