150xx 272Nd St Covington, WA 98042
This unique 0.222-acre residential lot in Kent, Washington (98042), presents a compelling investment opportunity. Located at 150xx SE 272nd St, the property boasts a fully fenced perimeter and includes a substantial 400-square-foot building, previously utilized as a water pump station. While the building currently contains remnants of its former use (pumps and pipes), it is sold "as is." The property's convenient location offers easy access to Lake Meridian Park and major freeways. City water, power, and phone services are readily available at the street. However, sewer access is not immediate, necessitating the installation of a septic system for any future construction. The lot is zoned SR4.5; prospective buyers should consult the City of Kent regarding permitted uses. The property's 9680 square feet provide ample space for creative development. A property sign is forthcoming.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.