Simon | Anderson MF Team Arranges Sale of 108-Unit Apartments in Kent

Simon | Anderson MF Team Arranges Sale of 108-Unit Apartments in Kent
News| August 29, 2025| Jasmine Kilman
Seattle & Northwest + Apartment Buildings

Swiss Gables Apartments, a 108-unit property at 4620 S 254th Place in Kent’s Lake Fenwick neighborhood, has sold to a private investor.

Dylan Simon, Jerrid Anderson, JD Fuller, and Elijah Piper of the Simon | Anderson Multifamily Team at Kidder Mathews represented the seller, John Stephanus, and sourced the buyer. Built in 1969, Swiss Gables offered investors a rare opportunity to acquire a well-maintained community with significant value-add potential.

Spanning seven buildings across five acres, the community features floor plans averaging 870 square feet, in-unit laundry, updated systems, and recent roof improvements. The property’s location provides direct access to the Kent Valley employment hub, one of the region’s largest centers for manufacturing and distribution.

“Investor demand for well-located communities remains strong, even for older assets,” said Fuller. “Swiss Gables’ size, improvements, and location made it a compelling opportunity, and we’re pleased to have delivered a successful result for our client.”

From capital markets and financing trends to development, acquisitions, and property management strategies, Connect Apartments on September 11 in Los Angeles dives into the issues shaping today’s multifamily landscape. Join the experts leading conversations on affordability, innovation, market dynamics, and investment opportunities—all in one day, under one roof. If you want the latest insights that drive decisions in apartments, this is where you’ll find them: www.connectapts2025.com 

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