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TIMBER HEIGHTS 4-PLEXES 4809-4811 S 252nd Pl 8 Unit Apartment Building $2,756,280 CAD ($344,535 CAD/Unit) 6.32% Cap Rate Kent, WA 98032



Investment Highlights
- Two 4-plex buildings with updated interiors and new roofs completed in 2025.
- In-unit laundry and surface parking with 24 stalls for tenant convenience.
- Easy access to transportation corridors, including SR-516 and SR-167.
- Located near major employment hubs and retail amenities in Kent, WA.
- Flexible acquisition options: purchase both properties or individually.
- Stabilized cap rate of 6.32% with predictable cash flow potential.
Executive Summary
Kidder Mathews is pleased to present the Timber Heights 4-plexes for sale. Two well-maintained 4-plex properties located in Kent, Washington, providing investors the opportunity to acquire a small multifamily portfolio or purchase each asset individually. The properties may be sold together or to separate buyers, offering flexibility to both owner-operators and passive investors. Both 4-plexes have benefited from recent capital improvements, including updated property systems and new roofs, reducing near-term maintenance risk and supporting long-term operational stability. The buildings feature modernized interior finishes, creating strong tenant appeal and supporting stable occupancy in a high-demand rental market. The combination of updated interiors, improved building systems, and efficient layouts positions the properties as attractive, low-management investments with predictable cash flow for years to come. Located in Kent, WA, the assets benefit from proximity to major employment centers, transportation corridors, and retail amenities throughout the South Sound region. This offering presents an excellent opportunity to acquire stabilized multifamily assets in a supply-constrained market.
Property Facts
| Price | $2,756,280 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $344,535 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 6.32% | Building Size | 5,736 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 3/1,000 SF |
| Zoning | MR-M | ||
| Price | $2,756,280 CAD |
| Price Per Unit | $344,535 CAD |
| Sale Type | Investment |
| Cap Rate | 6.32% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 5,736 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 3/1,000 SF |
| Zoning | MR-M |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 650 |
| 2+1 | 6 | - | 690 |
| 3+1 | 1 | - | 950 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $990,056 CAD | |
| Land Assessment | $606,382 CAD | Total Assessment | $1,596,437 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$606,382 CAD
Improvements Assessment
$990,056 CAD
Total Assessment
$1,596,437 CAD
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TIMBER HEIGHTS 4-PLEXES | 4809-4811 S 252nd Pl
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