Listing provided courtesy of Paragon Real Estate AdvisorsNWMLSas Distributed by MLSGrid- MLS# NWM2530607MLS Provider

108 Kensington Avenue SWKent, WA 98030

Multi-Family · 16 Beds · 8,628 Sq. ft. | 0.62 Acres
$2,125,000 Active

108 Kensington Avenue SW Overview

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108 Kensington S offers investors stable day-one cash flow, supported by in-unit washer and dryer in every unit, a highly desirable amenity that drives tenant retention and consistent rental demand. The property features a highly functional unit mix of one-bedroom and two-bedroom apartments. New ownership can benefit from proven operations while continuing to capture upside through rent optimization and streamlined management. The property benefits from immediate access to State Routes 167 and 516, providing seamless connectivity to Interstate 5, Seattle-Tacoma International Airport, and the greater Puget Sound region. Residents enjoy close proximity to Kent Station, the Sounder Train Station, and the ShoWare Center, offering convenient access to retail, dining, entertainment, and commuter transit, along with nearby parks and recreational amenities that enhance overall livability. As a major employment hub in the Pacific Northwest, the Kent Valley is home to over 12,000 businesses and a strong concentration of industrial and aerospace jobs. Major employers including Boeing, Amazon, Blue Origin, and REI continue to drive population growth and rental demand. With direct rail service to both Seattle and Tacoma, 108 Kensington S is well-positioned to attract residents seeking affordability, accessibility, and proximity to major employment centers.

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108 Kensington Avenue SW Facts & Features

  • Type Multi-Family
  • Sq. ft. 8,628
  • Price/Sq.ft. $246
  • Lot 0.62 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Kent

Income/Expenses

  • Other Expense: 28823
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 209352
  • Insurance Expense: 5096
  • Net Operating Income: 126338
  • Total Expenses: 72546
  • Total Monthly Income: 17446
  • Water/Sewer/Garbage: 14439

Building Information

  • New Construction: No
  • Year Built: 1986

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 330 - Kent
  • Subdivision Name: Scenic Hill

Tax Information

  • Tax Annual Amount: $24,188.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 1922059322
  • Possible Use: Multi-Family
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 8628
  • Building Area Units: Square Feet
  • Calculated Square Footage: 8628
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Laminate
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 8628
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 20
  • Parking Uncovered Total: 20

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 0.62
  • Lot Size Square Feet: 27007
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood Products
  • Number Of Units Total: 10
  • Sewer: Available

Unit Information

Unit 2 Details

  • Actual Rent: 1600
  • Beds Total: 1
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 1650
  • Beds Total: 2
  • Baths Total: 1

Unit 8 Details

  • Actual Rent: 1650
  • Beds Total: 1
  • Baths Total: 1

Unit 10 Details

  • Actual Rent: 1650
  • Beds Total: 1
  • Baths Total: 1

Unit 5 Details

  • Actual Rent: 1700
  • Beds Total: 1
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 1720
  • Beds Total: 2
  • Baths Total: 1

Unit 9 Details

  • Actual Rent: 1806
  • Beds Total: 2
  • Baths Total: 1

Unit 1 Details

  • Actual Rent: 1860
  • Beds Total: 2
  • Baths Total: 1

Unit 7 Details

  • Actual Rent: 1890
  • Beds Total: 2
  • Baths Total: 1

Unit 6 Details

  • Actual Rent: 1920
  • Beds Total: 2
  • Baths Total: 2

108 Kensington Avenue SW Neighborhood

Community

98030 (Kent) Demographics

35
Median Age
5,185
Population Density (per sq. mile)
36%
College Educated
$71,014
Estimated Median Income
6,263
Estimated Total Home Owners
6,345
Estimated Total Renters
50% / 50%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

108 Kensington Avenue SW Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

108 Kensington Avenue SW Market Data

Based on the last 30 days in this zip code

$642,192
Average List Price
$337
Average Price per Square Foot
23
Properties Sold
93
Average Days on Market
131
Properties for Sale
Calculations provided by Reliance Network

108 Kensington Avenue SW History

Date Event Value Agent
5/28/2026Source: NWMLS Added to Database
May 28, 2026