739 3rd Ave S
Kent WA 98032

Watson Manor

739 3rd Ave S Kent WA 98032

Listing #: 709465 | Status: Available | Last Modified: 4/20/2026 |

For Sale
Candice Chevaillier, CCIM
  • Phone:(206) 604-3400
  • Email:cchevaillier@lee-associates.com
  • Office Name:Lee & Associates Commercial Real Estate Services
  • Office Phone:(425) 454-4242
  • Office Website:
Daniel Lim
Dea Sumantri
Sara Bago
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 1,995,000.0
  • $/SF$ 284.6
  • $/Unit$ 1,995,000.0
  • Listing StatusAvailable
  • Days on Market48
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate 6.65 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Associated Files
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors2
  • # of Units10
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF7010
  • Net Rentable Area7010
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF15363
  • Acres0.35
Property Type
  • Property TypeMulti-Family
  • Office Type
  • Building Class
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaKent
  • Tax ID #9197100160
  • Additional Parcels
  • ZoningMR-D
Construction
  • Year Built1969
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction Type

Rare Opportunity to Acquire a 100% Vacant Asset

Public Comments

We are 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 cosmet

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