Apartment Building with In-Unit
108 Kensington Kent, WA 98030
108 Kensington, Kent, WA, 98030
$2,125,000
For Sale
$2,125,000
Apartment building offering one- and two-bedroom units, each with in-unit washer and dryer.
Property Size8,628 SF
Price / SF$246.29
Days on Market96
Property Features for 108 Kensington
General Information
- Standard status
- Active
- Size
- 8,628 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1986
Listing agency
Paragon Real Estate Advisors
Listed by
Tanner Fogle
(253) 564-6211
Source
Century21northhomes
Added: Apr 18 Updated: Jul 21 at 1:15PM Checked: Jul 21 at 1:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Paragon Real Estate Advisors
Investment Insights
Based on property information with market context.
108 Kensington S is an apartment building with a functional unit mix of one-bedroom and two-bedroom apartments. A key amenity is in-unit washer and dryer in every unit.
The property provides immediate access to State Routes 167 and 516, with connectivity to Interstate 5 and the greater Puget Sound region. Residents are also described as being near Kent Station, the Sounder Train Station, and the ShoWare Center, with additional nearby parks and recreational amenities.
For prospective tenants or buyers, the combination of in-unit laundry and a mix of one- and two-bedroom layouts supports everyday livability and flexibility within the property’s rental offerings.
The property provides immediate access to State Routes 167 and 516, with connectivity to Interstate 5 and the greater Puget Sound region. Residents are also described as being near Kent Station, the Sounder Train Station, and the ShoWare Center, with additional nearby parks and recreational amenities.
For prospective tenants or buyers, the combination of in-unit laundry and a mix of one- and two-bedroom layouts supports everyday livability and flexibility within the property’s rental offerings.
Key Highlights
- 1986‑built apartment building offering one- and two‑bedroom units
- In‑unit washer and dryer in every unit
- Functional unit mix includes one‑bedroom and two‑bedroom apartments
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $286.8k | $33.24 |
| − Vacancy | −$14.9k | −$1.73 |
| EGI | $271.9k | $31.51 |
| − OpEx | −$122.3k | −$14.18 |
| NOI | $149.5k | $17.33 |
8,628 SF · lease $33.24/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.14M
$1.87M – $2.49M
NOI $149,535 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,333 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CrossPods
Consultant
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Apartment building offering one- and two-bedroom units, each with in-unit washer and dryer.
Where is this apartment building located?
The property is located at 108 Kensington Kent, WA.
What is the asking price?
The asking price for this property is $2,125,000.
What are key features of this property?
This property features: 1986‑built apartment building offering one- and two‑bedroom units; In‑unit washer and dryer in every unit; Functional unit mix includes one‑bedroom and two‑bedroom apartments
