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Property profile & analytics
OFF-MARKET
Land

132xx 231St St Kent, WA 98042

0.38 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.376-acre parcel in Kent, WA (98042), presents a rare opportunity for developers, builders, or investors. A preliminary short plat, approved by the City of Kent, allows for the construction of two substantial single-family homes. Lot sizes are generous, with Lot 1 spanning 8,128 square feet and Lot 2 measuring 10,027 square feet. Essential utilities are readily accessible, including public water and sewer easements already in place. Power is conveniently located in the street, and gas service is available at the end of the street. The property boasts a desirable location, situated between Lake Youngs and Lake Meridian, near the Soos Creek park and trail, and nestled on a residential cul-de-sac. Its proximity to shopping centers, freeways, and bus lines adds to its appeal. Importantly, the site is free of critical areas or wetlands, simplifying the development process. This turnkey opportunity offers a significant advantage with the planning and preliminary approval work already completed, minimizing delays and maximizing potential returns. Priced at $460,000, this property represents a compelling investment in a highly sought-after Kent neighborhood.

Property profile
Verified
Property type Land
Lot 0.38 ac (16,379 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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