6-Unit Multifamily
1613 Maple Lane #D1-D6 Kent, WA 98030
For Sale
Contact for pricing
Well-maintained 6-unit multifamily property with in-unit washer and dryer and dedicated utility space in each unit.
Property Size5,580 SF
Price / SF$231.18
Days on Market70
Property Features for 1613 Maple Lane #D1-D6
General Information
- Standard status
- Active
- Size
- 5,580 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1979
Listing Agency:
Keller Williams Lake Washington South
Listed By:
Daniel Sebryakov · License #21005641
Source:
Crexi
Added: May 16
Changed: Jul 23
Last Checked: Jul 23 at 5:35PM
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 Keller Williams Lake Washington South
Investment Insights
Based on property information with market context.
This well-maintained 6-unit multifamily property offers spacious 2-bedroom, 1-bath layouts with approximately 930 SF per unit. Each unit includes an in-unit washer and dryer, a fireplace, large living areas, and dedicated utility space. Over the years, the property has undergone major capital improvements including updated electrical panels, a newer roof, siding, gutters, decks, attic insulation, and select interior renovations with updated flooring, paint, and appliances in several units.
The property is located in the Maple Lane community and provides on-site parking in a quiet setting. It is positioned just minutes from Kent Station and Sounder Train, with convenient access to Hwy 167 and I-5, as well as shopping, dining, parks, and major employers.
A unique aspect of the setup is that there are individual tax parcels for each unit, providing additional flexibility for future structuring.
The property is located in the Maple Lane community and provides on-site parking in a quiet setting. It is positioned just minutes from Kent Station and Sounder Train, with convenient access to Hwy 167 and I-5, as well as shopping, dining, parks, and major employers.
A unique aspect of the setup is that there are individual tax parcels for each unit, providing additional flexibility for future structuring.
Key Highlights
- 6‑unit multifamily property built in 1979 with 2 bed/1 bath units and approximately 930 SF per unit
- Each unit includes in‑unit washer & dryer, a fireplace, and dedicated utility space
- Major updates include updated electrical panels, newer roof, siding, gutters, decks, and attic insulation
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 | $185.5k | $33.24 |
| − Vacancy | −$9.6k | −$1.73 |
| EGI | $175.8k | $31.51 |
| − OpEx | −$79.1k | −$14.18 |
| NOI | $96.7k | $17.33 |
5,580 SF · lease $33.24/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.38M
$1.21M – $1.61M
NOI $96,709 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,377 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-maintained 6-unit multifamily property with in-unit washer and dryer and dedicated utility space in each unit.
Where is this apartment building located?
The property is located at 1613 Maple Lane #D1-D6 Kent, WA.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: 6‑unit multifamily property built in 1979 with 2 bed/1 bath units and approximately 930 SF per unit; Each unit includes in‑unit washer & dryer, a fireplace, and dedicated utility space; Major updates include updated electrical panels, newer roof, siding, gutters, decks, and attic insulation
