Four-Unit Residential Income
2716 S 258th Place Kent, WA 98032
2716 S 258th Place, Kent, WA, 98032
$899,000
For Sale
$899,000
Four-unit multifamily with a newer roof and coin-operated laundry, professionally managed and currently without vacancy.
Property Size3,416 SF
Price / SF$263.17
Days on Market269
Property Features for 2716 S 258th Place
General Information
- Standard status
- Active
- Size
- 3,416 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1977
Listing agency
Windermere Real Estate Co.
(360) 931-1333
Listed by
Do Nguyen
(360) 931-1333
Source
Premierepropertygroup
Added: Oct 27, 2025 Updated: Jul 21 at 8:08PM Checked: Jul 22 at 3:03AM
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 Windermere Real Estate Co.
Investment Insights
Based on property information with market context.
This four-unit residential income property includes three units with 2 bedrooms and 1 bathroom, plus an additional unit with 1 bathroom. The total finished square footage is 3,416. Improvements include a roof reportedly newer by approximately five years, and the building has coin-operated laundry on-site. The property is professionally managed and noted as having no current vacancy.
The property is described as being close to freeways and shopping, supporting convenient day-to-day access for residents.
Prospective buyers and brokers should verify all information, including unit layouts and any details not explicitly confirmed in the listing.
The property is described as being close to freeways and shopping, supporting convenient day-to-day access for residents.
Prospective buyers and brokers should verify all information, including unit layouts and any details not explicitly confirmed in the listing.
Key Highlights
- Four‑unit multifamily with 3,416 total interior SF and a 1977 build date
- Newer roof reported as about 5 years old
- Coin‑operated laundry on‑site and professionally managed building
Local Financial Insights For Multifamily LT 5
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 | $96.3k | $28.20 |
| − Vacancy | −$4.8k | −$1.39 |
| EGI | $91.6k | $26.81 |
| − OpEx | −$27.5k | −$8.04 |
| NOI | $64.1k | $18.76 |
3,416 SF · lease $28.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$915.7K
$801.3K – $1.07M
NOI $64,101 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$845.8K
$740.1K – $986.7K
NOI $59,204 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,610 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit multifamily with a newer roof and coin-operated laundry, professionally managed and currently without vacancy.
Where is this quadplex located?
The property is located at 2716 S 258th Place Kent, WA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Four‑unit multifamily with 3,416 total interior SF and a 1977 build date; Newer roof reported as about 5 years old; Coin‑operated laundry on‑site and professionally managed building
