Duplex with Separate Laundry
For Sale
$685,000
602 & 606 Alexander Avenue, Kent, WA 98030
Each residence has two bedrooms, one bathroom, and its own laundry room.
Property Size1,968 SF
Lot Size0.23 Acres
Price / SF$348.07
Days on Market45
Property Features for 602 & 606 Alexander Avenue
General Information
Standard status
Active
Size
1,968 SF
Lot size
0.23 Acres
Property subtype
Multi Family
Occupancy
100%
Site & Location
Neighborhood
North Scenic Hill
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
separate laundry room
backyard
Building Details
Year Built
1938
Buildings
1
Tenancy
Multi
Listing Agency:
Dalton Wade, Inc.
(888) 668-8283
Listed By:
Aviva Love · License #23015310
(206) 295-8067
Source:
Tendhometeam
Added: Sep 23
Changed: Nov 6
Last Checked: Nov 5 at 9:34AM
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 Dalton Wade, Inc.
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Investment Insights
Based on property information with market context.
This 1,968-square-foot duplex contains two residences, each with two bedrooms, one bathroom, and a dedicated laundry room. Both units are occupied by long-term tenants. The property was built in 1938 and sits on a 10,125-square-foot lot with backyard space for each side.
The property has two street addresses and is in Kent, near shopping, schools, and commuter routes.
The property has two street addresses and is in Kent, near shopping, schools, and commuter routes.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,968 square feet of building area
- 10,125‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,929
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,580
$738.6K
Cap Rate 7%
$527,557
$527.6K
Cap Rate 9%
$410,322
$410.3K
Market Conditions
NOI Build-Up for 1,968 SF
Gross rent
$55.5K $28.20/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$52.8K $26.81/SF
− OpEx
−$15.8K −$8.04/SF
NOI
$36.9K $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%
$738,580
Cap Rate 7%
$527,557
Cap Rate 9%
$410,322
Alternative Uses
Best Use
Multifamily LT 5
$527.6K
$461.6K – $615.5K
NOI $36,929 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$487.3K
$426.4K – $568.5K
NOI $34,108 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$737.5K
$645.3K – $860.4K
NOI $51,625 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,011
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
$540,100
Median Home Value
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Market
Average Price Trend$/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 - Each residence has two bedrooms, one bathroom, and its own laundry room.
Where is this duplex located?
The property is located at 602 & 606 Alexander Avenue Kent, WA.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,968 square feet of building area; 10,125‑square‑foot lot
