6-Unit Multifamily
For Sale
Contact for pricing
1613 Maple Lane #D1-D6, Kent, WA 98030
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$215.04
Days on Market120
Property Features for 1613 Maple Lane #D1-D6
General Information
Standard status
Active
Size
5,580 SF
Class
A
Total Parking Spaces
12
Property subtype
Multifamily
Zoning
Multi-Family
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$82,420
Additional Details
Highway Access
Yes
Multifamily Units
6
Amenities
in-unit washer & dryer
fireplace
dedicated utility space
Building Details
Year Built
1979
Year Renovated
1982
Stories
2
Units
6
Tenancy
Multi
Listing Agency:
Keller Williams Lake Washington South
Listed By:
Daniel Sebryakov · License #21005641
Source:
Crexi
Added: May 16
Changed: Aug 13
Last Checked: Sep 11 at 7:53AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$96,709
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,934,180
$1.9M
Cap Rate 7%
$1,381,557
$1.4M
Cap Rate 9%
$1,074,544
$1.1M
Market Conditions
NOI Build-Up for 5,580 SF
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.
Gross rent
$185.5K $33.24/SF
− Vacancy
−$9.6K −$1.73/SF
EGI
$175.8K $31.51/SF
− OpEx
−$79.1K −$14.18/SF
NOI
$96.7K $17.33/SF
Area
Kent, WA
Vacancy
5.20%
Lease Rate
$33.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,934,180
Cap Rate 7%
$1,381,557
Cap Rate 9%
$1,074,544
Alternative Uses
Best Use
Apartment 5plus
$1.38M
$1.21M – $1.61M
NOI $96,709 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,377 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
684
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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 $1,199,950.
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
