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 spacious floorplans averaging 870 square feet, in-unit laundry, updated systems, and recent roof improvements. Its 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.”
About the Simon | Anderson Multi Family Team
The apartment brokerage team led by Dylan Simon and Jerrid Anderson of Kidder Mathews represents apartment investors, developers, and landowners in the sale and purchase of apartment buildings and development land across the entire State of Washington. The team of 12 brokerage professionals specializes in the sale and purchasing of apartment buildings and development land from $1 million to more than $100 million. For more information, visit simonandersonteam.com.
About Kidder Mathews
Kidder Mathews is the largest fully independent commercial real estate firm in the Western U.S., with over 900 professionals in 20 offices across Washington, Oregon, California, Idaho, Nevada, and Arizona. We offer a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. Kidder Mathews averages $9 billion in transaction volume, manages more than 58 million square feet of space, and conducts 2,400 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
