739 3rd Ave S

Kent, WA 98032

$1,995,000
Price
16
Beds
10
Baths
7,808 Sq. Ft.
$256 / Sq. Ft.
7,808
Sq. Ft.
$256
per Sq. Ft.
Get preapproved with Rocket Mortgage1
a view of a house with a swimming pool
a view of a patio with table and chairs and potted plants
a view of balcony with furniture
a view of a house with a deck and a yard
a view of an entryway of the house
a view of outdoor space yard and patio
a view of a house with a porch
a view of a street with cars on road
a front view of a house with a yard
a view of a workspace with furniture and a window
a kitchen with a sink a stove and cabinets
a kitchen that has a sink and a stove in it
a bathroom with a sink and a mirror
a view of a house with a yard
a view of a workspace with furniture and a workspace
a balcony with trees in front of it
a kitchen with a sink and cabinets
a bathroom with a granite countertop toilet sink and mirror
a bedroom with a bed and a window
a living room with furniture and a window
a living room with furniture and a flat screen tv
a bedroom with a bed and a window
a view of kitchen with furniture and wooden floor
a living room with furniture and a flat screen tv
a living room with a couch and a potted plant
a bathroom with a sink toilet and shower
a bedroom with a bed and a window
a kitchen with sink and cabinets
a living room with furniture and a large window
a kitchen with a dining table chairs and a counter top space
a living room with furniture and a couch
a bedroom with furniture and a large window
Listing provided courtesy of Lee & Associates Commercial RE
Source: Northwest MLS

Description

Watson Manor Apartments is a 10-unit apartment building located in the heart of Kent. Situated just south of Kent Station and minutes from SR-516, the property offers tenants suburban livability with seamless access to major employment centers throughout the region. Watson Manor is a rare opportunity to acquire a 100% vacant asset, providing investors with complete operational flexibility from day one. Unlike typical acquisitions encumbered by legacy leases, below-market rents, or deferred repositioning...Watson Manor Apartments is a 10-unit apartment building located in the heart of Kent. Situated just south of Kent Station and minutes from SR-516, the property offers tenants suburban livability with seamless access to major employment centers throughout the region. Watson Manor is a rare opportunity to acquire a 100% vacant asset, providing investors with complete operational flexibility from day one. Unlike typical acquisitions encumbered by legacy leases, below-market rents, or deferred repositioning timelines, this property allows a new owner to immediately execute their business plan and fully capture current market dynamics. The asset represents a true “choose your own adventure” opportunity — whether the strategy is a light cosmetic refresh and lease-up, a comprehensive interior renovation to achieve premium rents, or a thoughtful reconfiguration to maximize unit efficiency. With no tenant rollover risk or displacement considerations. Beyond the immediate ability to re-tenant at today’s market rates, the property offers compelling upside through strategic improvements and potential reconfiguration. Explore converting the existing laundry area into an additional unit, or redesigning select layouts to create larger sized units, increasing rentable square footage and overall revenue potential. NOTE - All income and expense items are based on proforma - property will be delivered vacant at close.
  1. Listed by Sara Bago • Lee & Associates Commercial RE
  2. Listed by Candice Chevaillier • Lee & Associates Commercial RE

Property Details for 739 3rd Avenue South

Community Name
Kent
School District
Kent
Total Covered Parking
0
Entry Date
03-12-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 03/12/2026 11:30 AM

Property Details for 739 3rd Avenue South

StatusActive
MLS #2491414
Days on Market16
Cumulative Days on Market16
Taxes$18,065 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1969
Lot Size0.35 AC / 15,363 SF
CountyKing County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Lee & Associates Commercial RE
Add your commute

Building Information for 739 3rd Avenue South

Stories2Residences10Year Built1969Building Size-Lot Size0.35 AC / 15,363 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$11,187 per month

30 year fixed, 6.11% Interest

Principal and Interest

$9,682

Property Taxes

$1,505

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 739 3rd Avenue South

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Site Features: Deck, Fenced-Partially
  • Area: 330 - Kent
  • Directions: Take the WA-516 / Willis St. exit from WA-167, turn left on Willis St, at traffic circle take second exit, turn right on 3rd Ave S.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2026
Parking
  • Garage Spaces: 0.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: No
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: Laminate, Carpet
  • Amenities: Clubhouse,Coin Op Laundry
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Metal
  • Security Features: Partially Fenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 10000
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family,Residential
  • Possible Use: Multi-Family, Residential
  • MLS Square Footage Source: County
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 33
Lot Information
  • Lot Size Source: County
  • Parcel Number Free Text: 9197100160
  • Building Condition: Average
  • Calculated Square Footage: 7808
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 7808.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 10
  • Number of Stories in Building: 2
  • Vacancy Rate: 4
  • Number Of Units Total: 10
  • Units Below Grade: false
  • Units In Building Total: 10
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 60778
  • Gross Adjusted Income: 177270
  • Gross Rent Multiplier: 10.7
  • Gross Scheduled Income: $193,410
  • Insurance Expense: $5,608
  • Net Operating Income: $132,632
  • Other Expenses: $27,105
  • Total Monthly Income: 193410
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 582
  • Rent Unit 1: $1,550.00
  • 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: 774
  • Rent Unit 2: $1,665.00
  • Bedrooms Unit 2: 2
  • 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: 766
  • Rent Unit 3: $1,665.00
  • Bedrooms Unit 3: 2
  • 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: 772
  • Rent Unit 4: $1,665.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 5
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: false
  • Square Feet Unit 5: 613
  • Rent Unit 5: $1,550.00
  • Bedrooms Unit 5: 1
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 6
  • Washer/Dryer Unit 6: true
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: false
  • Square Feet Unit 6: 570
  • Rent Unit 6: $1,550.00
  • Bedrooms Unit 6: 1
  • Fireplaces Unit 6: 0
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 7
  • Washer/Dryer Unit 7: false
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: false
  • Square Feet Unit 7: 762
  • Rent Unit 7: $1,665.00
  • Bedrooms Unit 7: 2
  • Fireplaces Unit 7: 0
  • Bathrooms Unit 7: 1
Unit 8
  • Name Unit 8: 8
  • Washer/Dryer Unit 8: false
  • Range/Oven Unit 8: true
  • Refrigerator Unit 8: true
  • Dishwasher Unit 8: false
  • Square Feet Unit 8: 755
  • Rent Unit 8: $1,665.00
  • Bedrooms Unit 8: 2
  • Fireplaces Unit 8: 0
  • Bathrooms Unit 8: 1
Unit 9
  • Name Unit 9: 9
  • Washer/Dryer Unit 9: false
  • Range/Oven Unit 9: true
  • Refrigerator Unit 9: true
  • Dishwasher Unit 9: false
  • Square Feet Unit 9: 758
  • Rent Unit 9: $1,665.00
  • Bedrooms Unit 9: 2
  • Fireplaces Unit 9: 0
  • Bathrooms Unit 9: 1
Unit 10
  • Name Unit 10: 10
  • Washer/Dryer Unit 10: false
  • Range/Oven Unit 10: true
  • Refrigerator Unit 10: true
  • Dishwasher Unit 10: false
  • Square Feet Unit 10: 658
  • Rent Unit 10: $1,550.00
  • Bedrooms Unit 10: 1
  • Fireplaces Unit 10: 0
  • Bathrooms Unit 10: 1
Rental
Rent Information
  • Occupant Type: Vacant
  • Leasable Area: 7010.0

Property History for 739 3rd Avenue South

DateEvent & SourcePriceAppreciation
Mar 12, 2026

Listed (Active)

NWMLS #2491414

$1,995,000—
DateEvent & SourcePrice
03/12/2026

Listed (Active)

NWMLS #2491414

$1,995,000

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

Public Records for 739 3rd Avenue South

Taxable ValueLand$188,100Additions$1,714,900Total$1,903,000
Tax Record2024$19 ($2 / month)
Home Facts
Total Finished SqFt7,800 SqFtAbove Ground SqFt7,800 SqFtStories2Lot Size15,363 SqFtStyleMulti-Family Dwelling (2-4)Year Built1969Year Renovated1996ZoningMR-DCountyKINGAPN919710-0160

Schools near 739 3rd Avenue South

This home is within Kent School District.
Rating
School
Type
Grades
Distance
Scenic Hill Elementary School
Public - PK to 5
Mill Creek Middle School
Public - 6 to 8
Kent-Meridian High School
Public - 9 to 12
Individualized Graduation & Degree Program
Public - 9 to 12
Rating
School
Distance
Scenic Hill Elementary School
PublicPK to 5

Mill Creek Middle School
Public6 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.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 739 3rd Avenue South, Kent, WA 98032

739 3rd Avenue South is a multi-family home for sale in Kent, WA 98032. This property was listed for sale on March 12, 2026 by Lee & Associates Commercial RE, it's currently listed at $1,995,000. This listing's school district is Kent School District. Nearby schools include Scenic Hill Elementary School, Mill Creek Middle School and Kent-Meridian High School. 739 3rd Avenue South is a 16-bed, 10-bath, 7,808 sqft multi-family home built in 1969.

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 Lee & Associates Commercial RE

Based on information submitted to the MLS GRID as of 03/12/2026 11:30 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.