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Rentable SF
111k
Year BUilt
2022
Units
157
Berkadia Seattle Investment Sales is pleased to announce it has been retained as the exclusive listing broker for Madison Plaza in Kent, WA.
Completed in 2022, Madison Plaza is a high-quality residential property in Kent, WA, comprising 157 apartment homes—all of which are market rate. The investment opportunity benefits from six years remaining under the Kent MFTE (Multi-Family Tax Exemption) program and also affords potential buyers the chance to assume the existing loan with the potential to add a supplemental. The property boasts an exceptional set of amenities, including a distinctive rooftop area that offers a variety of features and breathtaking views of Mt. Rainier and Mt. Baker. Residents can also enjoy modern interiors and thoughtfully designed living spaces that enhance comfort and style.
Strategically located in the Kent Valley, this transit-oriented site provides convenient commuting options and seamless access to major employers within the Seattle MSA via SR 167 and the nearby Sounder Train at Kent Station. The Kent Valley serves as a center for a wide array of employers, supported by a strong industrial and manufacturing workforce, with notable companies such as Blue Origin and Boeing continuing to expand their presence in the region.
Address
City, State, Zip
County
Parcel Number
Units
Construction Year
buildings
Stories
Site Size/Acreage
Rentable SF
Average Unit SF
Average Rent/Unit
Average Rent/SF
102 Madison Avenue
Kent, WA 98042
King
295190-0060
157
2022
1
7
0.7 Acres
111,163 SF
708 SF
$2,041
$2.88
Opportunity
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Madison Plaza is a newly constructed asset offering sought-after amenities and high-quality homes. The property capitalizes on its unique rooftop area with a dog run and washing station, a walking path, BBQ area, and lounge seating, all complemented by stunning views of Mt. Rainier and Mt. Baker. The asset offers an attractive unit mix, including studios, one-bedroom, and two-bedroom units, with eight two-bedroom units featuring dens.
Asset
studio
One Bedroom
Two BEdroom
12 Units
107 Units
38 Units
402 SF
658 SF
947 SF
MAdison Plaza
Contact us.
Allan Freedman
Senior Managing Director
310.741.2426
allan.freedman@berkadia.com
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MORTGAGE BANKING
Kenny Dudunakis
Senior Managing Director
WA CRE #30749
206.521.7216 kenny.dudunakis@berkadia.com
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Mitchell Belcher
Managing Director
WA CRE #101535
425.891.9594
mitchell.belcher@berkadia.com
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David Sorensen
Managing Director
WA CRE #26603
206.801.3102 david.sorensen@berkadia.com
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Ben Johnson
Managing Director
WA CRE #114515
206.801.3144 ben.johnson@berkadia.com
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INVESTMENT SALES
411 108th Avenue NE
Suite 1080
Bellevue, WA 98004
425.230.2565
berkadia.com
berkadia.com/northwest
Bellevue Office
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities,
visit: https://www.berkadia.com/licensing/.
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004
Peter Dudunakis
Associate Director
WA CRE #24008898
206.795.4169
peter.dudunakis@berkadia.com
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Ben HArris
Senior Director
213.500.2364
ben.harris@berkadia.com
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George Pallis
Director
WA CRE #138339
206.801.3070
george.pallis@berkadia.com
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Exclusive Multifamily Opportunity
102 Madison Avenue | Kent, WA 98042
Exclusive Multifamily Opportunity
102 Madison Avenue | Kent, WA 98042
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© 2022 Berkadia Proprietary Holding LLC
Berkadia® is a trademark of Berkadia Proprietary Holding LLC
Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. This website is not intended to solicit commercial mortgage loan brokerage business in Nevada. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing
Seattle office
601 Union St, Suite 3909
Seattle, WA 98101
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004