Entity Owned Property summary
Skylite Court, a prime multifamily investment opportunity, presents an exceptional 8-unit apartment building located at 406 E George St, Kent, WA 98031. This turnkey property, situated on a 14,300 sq ft corner lot, boasts 8,656 square feet of net rentable space, offering eight spacious two-bedroom units. Each unit features updated interiors including new kitchen countertops, updated bath vanities, LVP and carpeted flooring, and in-unit washer/dryer hookups. Residents enjoy the convenience of… nine off-street parking spaces. Built in 1965, this two-story building is zoned MR-M and benefits from a highly walkable location (83 Walk Score), less than a 15-minute walk from Kent Station and approximately 20 miles south of Seattle. The property offers a compelling investment profile with an asking price of $1,935,000 ($241,875 per unit), a current NOI of $99,906 (5.16% cap rate), and a pro-forma NOI of $110,530 (5.71% pro-forma cap rate). Many units include additional features such as decks or patios, dishwashers, and ample closet space. The property's attractive mid-century modern aesthetic, combined with its strong financial performance and convenient location, makes it an ideal acquisition for a multifamily investor seeking a profitable, low-maintenance operation. This is the first time this property has been on the market in 20 years. The property's features include mostly dual-pane vinyl windows. All washer/dryer machines are currently resident-owned.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
7 properties in this cityComparable in this city
Similar in This City for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 8,656 SF
- Year built
- 1965
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Owner Contacts
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- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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