739 3rd Avenue S, Kent, WA 98032
Local realty services provided by:CENTURY 21 Real Estate Center
Listed by: sara bago, candice chevaillier
Office: lee & associates commercial re
MLS#:2491414
Source:NWMLS
739 3rd Avenue S,Kent, WA 98032
$1,995,000
- - Beds
- - Baths
- 7,808 sq. ft.
- Multi-family
- Active
Price summary
- Price:$1,995,000
- Price per sq. ft.:$255.51
About this home
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....
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Home facts
- Year built:1969
- Listing ID #:2491414
- Updated:May 01, 2026 at 11:03 AM
Rooms and interior
- Flooring:Carpet, Laminate
- Living area:7,808 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Metal
- Year built:1969
- Building area:7,808 sq. ft.
- Lot area:0.35 Acres
- Construction Materials:Wood Exterior Finish
- Exterior Features:Deck, Fenced-Partially
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$1,995,000
- Price per sq. ft.:$255.51
- Tax amount:$18,065 (2026)
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