Townhome-Style
New
For Sale
$650,000
11422 SE 256th Place, Kent, WA 98030
Two separate residences offer private fenced yards, attached garages, and upper-level primary suites.
Property Size2,250 SF
Price / SF$288.89
Days on Market3
Property Features for 11422 SE 256th Place
General Information
Standard status
Active
Size
2,250 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR/2+BA
Multifamily Units
2
Parking per Unit
1
Amenities
fully fenced backyard
W/D hookup
walk-in closet
ensuite bathroom
private yard
Building Details
Year Built
1983
Listed By:
Graham McCarthy Realty Group
(425) 417-8036
Source:
Grahammccarthyrealty
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:43AM
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 Graham McCarthy Realty Group
Investment Insights
Based on property information with market context.
This 2,250-square-foot duplex, built in 1983, contains two townhome-style residences, each with two bedrooms and more than two bathrooms. Both units have upper-level primary bedrooms, washer and dryer hookups, a single-car garage, and a fenced private yard. One unit is vacant and has an updated kitchen with gas cooking, new cabinets and appliances, along with LED lighting and vinyl plank flooring in the living and dining areas. The property also has a newer roof.
Set on a cul-de-sac, the duplex is close to I-5, with access to I-405. Restaurants, shops, services, and multiple transportation options are also nearby.
Set on a cul-de-sac, the duplex is close to I-5, with access to I-405. Restaurants, shops, services, and multiple transportation options are also nearby.
Key Highlights
- Two townhome‑style units totaling 2,250 square feet
- Each residence has 2 bedrooms and 2+ bathrooms
- Single‑car garage and fenced private yard for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,221
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,420
$844.4K
Cap Rate 7%
$603,157
$603.2K
Cap Rate 9%
$469,122
$469.1K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$63.5K $28.20/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$60.3K $26.81/SF
− OpEx
−$18.1K −$8.04/SF
NOI
$42.2K $18.76/SF
Area
Kent, WA
Vacancy
4.94%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,420
Cap Rate 7%
$603,157
Cap Rate 9%
$469,122
Alternative Uses
Best Use
Multifamily LT 5
$603.2K
$527.8K – $703.7K
NOI $42,221 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$557.1K
$487.5K – $649.9K
NOI $38,996 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$843.2K
$737.8K – $983.7K
NOI $59,023 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Explore this area
Business Placement
Demographics for 98030, WA
38,933
Population
13,519
Households
2.9
Avg Household Size
35
Median Age
28%
College-Educated
86%
High-School Grad
7.2 sq mi
ZIP Area
5,407
Density / Sq Mi
$91,218
Median Household Income
$46,681
Median Earnings
$1,797
Median Rent
$540,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer private fenced yards, attached garages, and upper-level primary suites.
Where is this duplex located?
The property is located at 11422 SE 256th Place Kent, WA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two townhome‑style units totaling 2,250 square feet; Each residence has 2 bedrooms and 2+ bathrooms; Single‑car garage and fenced private yard for each unit
