323 1st Ave S

Kent, WA 98032

$900,000
Price
4
Beds
4
Baths
2,209 Sq. Ft.
$407 / Sq. Ft.
2,209
Sq. Ft.
$407
per Sq. Ft.
Listing provided courtesy of Berkshire Hathaway HS NW

Description

Live or Invest in Downtown Kent — Updated 4-plex. Discover a rare opportunity to own a historic Victorian 4-plex in downtown Kent, just blocks from Kent Station’s restaurants, shops, transit, and commuter access. With highly flexible Downtown Commercial Enterprise (DCE) zoning, the property offers outstanding potential for expansion or redevelopment. Recent updates include a new sewer line, fresh exterior paint, and a new roof with gutters. Each unit offers 1 bed/1 bath with gas heat and stove, plus...Live or Invest in Downtown Kent — Updated 4-plex. Discover a rare opportunity to own a historic Victorian 4-plex in downtown Kent, just blocks from Kent Station’s restaurants, shops, transit, and commuter access. With highly flexible Downtown Commercial Enterprise (DCE) zoning, the property offers outstanding potential for expansion or redevelopment. Recent updates include a new sewer line, fresh exterior paint, and a new roof with gutters. Each unit offers 1 bed/1 bath with gas heat and stove, plus separately metered utilities for tenant-paid efficiency. 3 units are recently remodeled, and one unit is ready for new possibilities—perfect for an owner-occupant or an investor seeking immediate value-add potential.
  1. Listed by Martin J. Ho • Berkshire Hathaway HS NW
  2. Listed by Jennifer Wen • Berkshire Hathaway HS NW

Property Details for 323 1st Avenue South

Community Name
Downtown Kent
School District
Kent
Number of Assigned Spaces
2
Total Covered Parking
0
Entry Date
09-15-2025
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected
LISTING UPDATED: 01/09/2026 04:51 PM

Property Details for 323 1st Avenue South

StatusActive
MLS #2431992
Days on Market123
Cumulative Days on Market123
Taxes$6,700 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1901
Lot Size0.18 AC / 7,680 SF
CountyKing County

Location

Listing Courtesy of Berkshire Hathaway HS NW
Add your commute

Building Information for 323 1st Avenue South

Stories2Residences4Year Built1901Building Size-Lot Size0.18 AC / 7,680 SF

Payment Calculator

$4,945 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,386

Property Taxes

$558

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 323 1st Avenue South

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Deck, Fenced-Partially
  • Area: 330 - Kent
  • Elementary School: Kent Elem
  • Middle Or Junior School: Mill Creek Mid Sch
  • High School: Kent-Meridian High
  • Effective Year Built Source: Public Records
  • Directions: GPS is accurate
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Hardwood, Vinyl, Vinyl Plank, Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Heat Pump
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
  • Security Features: Partially Fenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Company: PSE
  • Sewer Company: City of Kent
  • Water Company: City of Kent
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • Zoning Remarks: Commercial,Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Commercial, Multi-Family
  • MLS Square Footage Source: King County Records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1984
  • Photos Count: 30
Lot Information
  • Lot Details: Secluded
  • Lot Size Dimensions: 7,680 sf
  • Lot Size Source: King County Records
  • Parcel Number Free Text: 9825700050
  • Calculated Square Footage: 2209
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2209.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 2
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 9700
  • Gross Adjusted Income: 68100
  • Gross Rent Multiplier: 13.22
  • Gross Scheduled Income: $68,100
  • Insurance Expense: $3,000
  • Net Operating Income: $58,400
  • Other Expenses: $0
  • Total Monthly Income: 5675
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 600
  • Rent Unit 1: $1,625.00
  • Bedrooms Unit 1: 1
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 600
  • Rent Unit 2: $1,450.00
  • Bedrooms Unit 2: 1
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 600
  • Rent Unit 3: $1,400.00
  • Bedrooms Unit 3: 1
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 600
  • Rent Unit 4: $1,200.00
  • Bedrooms Unit 4: 1
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2209.0

Property History for 323 1st Avenue South

DateEvent & SourcePriceAppreciation
Sep 15, 2025

Listed (Active)

NWMLS #2431992

$900,000—
Oct 21, 2024

Sold

NWMLS #2264449

$699,900—
Oct 14, 2024

Sold (Public Record)

Public Record #1543094714

$699,900

+46.2% / yr

Aug 13, 2024

Pending

NWMLS #2264449

—
Jul 11, 2024

Listed (Active)

NWMLS #2264449

$699,900—
Jun 6, 2019

Sold (Public Record)

Public Record #646695437

$91,443—
DateEvent & SourcePrice
09/15/2025

Listed (Active)

NWMLS #2431992

$900,000
10/21/2024

Sold

NWMLS #2264449

$699,900
10/14/2024

Sold (Public Record)

Public Record #1543094714

$699,900

+46.2% / yr

08/13/2024

Pending

NWMLS #2264449

—
07/11/2024

Listed (Active)

NWMLS #2264449

$699,900
06/06/2019

Sold (Public Record)

Public Record #646695437

$91,443

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 323 1st Avenue South

Taxable ValueLand$220,800Additions$432,200Total$653,000
Tax Record2024$7,643 ($637 / month)
Home Facts
Total Finished SqFt2,208 SqFtAbove Ground SqFt2,208 SqFtStories2Lot Size7,680 SqFtStyleMulti-Family Dwelling (2-4)Year Built1901Year Renovated1984ZoningDCECountyKINGAPN982570-0050

Schools near 323 1st Avenue South

This home is within Kent School District.
Rating
School
Type
Grades
Distance
River Ridge Elementary
Public - PK to 6
Mill Creek Middle School
Public - 7 to 8
Kent-Meridian High School
Public - 9 to 12
Individualized Graduation & Degree Program
Public - 9 to 12
Rating
School
Distance
River Ridge Elementary
PublicPK to 6

Mill Creek Middle School
Public7 to 8

Kent-Meridian High School
Public9 to 12

Individualized Graduation & Degree Program
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 323 1st Avenue South, Kent, WA 98032

323 1st Avenue South is a multi-family home for sale in Kent, WA 98032. This property was listed for sale on September 15, 2025 by Berkshire Hathaway HS NW, it's currently listed at $900,000. It has been on the market for a total of 123 days and was last sold on October 21, 2024. This listing's school district is Kent School District. Nearby schools include River Ridge Elementary, Mill Creek Middle School and Kent-Meridian High School. 323 1st Avenue South is a 4-bed, 4-bath, 2,209 sqft multi-family home built in 1901.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HS NW

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/16/2026 07:24 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.