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.
| MLS # | 2491414 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1969 |
| Days On Site | 163 |
| Listing Provided By | Lee & Associates Commercial RE | Sara Bago |
| SQ Feet | 7,808 |
|---|---|
| Story(s) | 2 |
| Units | 10 |
| Zoning | Multi-Family,Residential |
| Acreage | 0.35 |
| Property | 18065 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Kent |
| Zip Code | 98032 |
| Area | 330 Kent |
| Community Name | Kent |
| Listing VS Median (in Kent) | |
Price: $1,995,000 low | high Med: $639,000 sqft: 7,808 low | high Med: 1,750 $ / sqft: $256 low | high Med: $365 On site: 163 low | high Med: 22 | |
| State | WA |
|---|---|
| County | King |
| City | Kent |
| Zip Code | 98032 |
| Area | 330 Kent |
| Community Name | Kent |
| Listing VS Median (in Kent) | |
Price: $1,995,000 low | high Med: $639,000 sqft: 7,808 low | high Med: 1,750 $ / sqft: $256 low | high Med: $365 On site: 163 low | high Med: 22 | |