Two-Unit Duplex with Updated
4804 - 4806 S 252nd Place, Kent, WA 98032
For Sale
$585,000
A 1-bedroom unit and a 2-bedroom unit are occupied under leases extending into 2027.
Property Size1,300 SF
Lot Size0.17 Acres
Price / SF$450
Days on Market54
Property Features for 4804 - 4806 S 252nd Place
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
stainless steel appliances
tile backsplash
in-unit washer/dryer
tiled walk-in shower
hardwood-look flooring
patio
Wood
Wood Products
Building Details
Building Size
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Washington Realty Group
Listed By:
Jim Clifford
(253) 826-7500
Source:
Doverealtyinc
Added: Sep 18
Changed: Nov 8
Last Checked: Nov 9 at 6:51PM
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 Washington Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1962, this two-unit duplex contains 1,300 square feet on a 0.165-acre lot. The units offer one bedroom and one bathroom, and two bedrooms and one bathroom, respectively. Interior updates include cabinetry, stainless steel appliances, tile backsplashes, washer-dryers, and refreshed bathroom finishes with a tiled walk-in shower. Hardwood-look flooring, baseboard heating, wood siding, a composition roof, and a poured concrete foundation are also present. A patio provides a territorial view.
The property connects to public water and sewer and has paved street access. It is tenant-occupied, with showings arranged by appointment and advance notice to renters. The location offers access to I-5, SR-509, and WA-516, as well as Kent shopping, dining, and commuter routes.
The property connects to public water and sewer and has paved street access. It is tenant-occupied, with showings arranged by appointment and advance notice to renters. The location offers access to I-5, SR-509, and WA-516, as well as Kent shopping, dining, and commuter routes.
Key Highlights
- Two‑unit duplex built in 1962
- 1,300 square feet on a 0.165‑acre lot
- Unit mix: one 1‑bedroom/1‑bath and one 2‑bedroom/1‑bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,394
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,880
$487.9K
Cap Rate 7%
$348,486
$348.5K
Cap Rate 9%
$271,044
$271.0K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$36.7K $28.20/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$34.8K $26.81/SF
− OpEx
−$10.5K −$8.04/SF
NOI
$24.4K $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%
$487,880
Cap Rate 7%
$348,486
Cap Rate 9%
$271,044
Alternative Uses
Best Use
Multifamily LT 5
$348.5K
$304.9K – $406.6K
NOI $24,394 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$321.9K
$281.6K – $375.5K
NOI $22,531 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$487.2K
$426.3K – $568.4K
NOI $34,102 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
Explore this area
Business Placement
Demographics for 98032, WA
38,744
Population
15,639
Households
2.5
Avg Household Size
35
Median Age
28%
College-Educated
84%
High-School Grad
17.0 sq mi
ZIP Area
2,279
Density / Sq Mi
$77,413
Median Household Income
$46,105
Median Earnings
$1,782
Median Rent
$473,000
Median Home Value
Market
Average Price Trend$/SF for Duplexes in King County, WA
Properties on Market for Duplexes in King County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - A 1-bedroom unit and a 2-bedroom unit are occupied under leases extending into 2027.
Where is this duplex located?
The property is located at 4804 - 4806 S 252nd Place Kent, WA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1962; 1,300 square feet on a 0.165‑acre lot; Unit mix: one 1‑bedroom/1‑bath and one 2‑bedroom/1‑bath
