739 3rd Ave S
Property Description
The Lee & Associates NW Multifamily Team is pleased to present the exclusive listing of Watson Manor Apartments, an 11-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 family-sized units, increasing rentable square footage and overall revenue potential!
Broker Details
Lee & Associates Commercial Real Estate Services 206-773-2694
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,995,000 |
| No. of Units: | 10 |
| Year Built: | 1969 |
| Lot Size: | 0.35 Acres |
| Opportunity Zone: | No |
| Price per unit: | $199,500 |
| Property Website | Click Here |
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