Under $500K Investment Properties for Sale in Kent, WA
462- 2 Bed
- 1 Bath
- 806 sft
164- 2 Bed
- 2 Bath
- 904 sft
184- 3 Bed
- 4 Bath
- 1528 sft
216- 2 Bed
- 2 Bath
- 1344 sft
Why Invest in Kent, Washington?
Kent, WA offers strong investment opportunities in properties under $500k, particularly condos and townhomes in high-demand areas like East Hill and Lake Meridian. Proximity to Seattle and Boeing drives rental demand with average rents around $2,000 monthly. Cap rates hover at 5-6% while appreciation reaches 4% annually amid steady job growth. Renter occupancy exceeds 45%, supported by King County's expanding workforce. Low vacancy and quick sales (under 50 days) signal reliable cash flow potential.
Frequently Asked Questions
Yes, around 80-100 homes, condos, and townhomes under $500k are available, concentrated in neighborhoods like East Hill and Benson Hill. These properties often sell quickly with low days on market. They suit entry-level investors targeting rentals.
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