Fully occupied 7.39% cap rate + Value-add in downtown Kent location - Mixed-use building with 3 retail units and 5 apartments boasts strong in-place rents and ability to renovate remaining two apartment units. Renovated in 2021 including retail spaces. Aladin Bail Bonds anchors ground floor retail with 7 years remaining on lease and yearly 4% increases. Potential for owner-user in need of office or retail space. Apartment units are bright, spacious, and historically easy to rent. Coin-op laundry and 10 parking spaces in dedicated lot. Building includes renovated non-conforming studio (350SqFt) for additional upside.
Active
Listed by:
Ethan Szmania,
The Foundation Group LLC,
Aaron Locke,
The Foundation Group LLC
$1,725,000
418 W Meeker Street, Kent, WA 98032
8beds
8baths
8,376sqft
Est.:
Multi Family
Built in 1958
-- sqft lot
$-- Zestimate®
$206/sqft
$-- HOA
What's special
- 11 hours
- on Zillow |
- 29 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: 17 hours ago
Listed by:
Ethan Szmania,
The Foundation Group LLC,
Aaron Locke,
The Foundation Group LLC
Source: NWMLS,MLS#: 2418375

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Laminate, Vinyl Plank
- Has fireplace: No
Interior area
- Total structure area: 8,376
- Total interior livable area: 8,376 sqft
Property
Parking
- Total spaces: 10
- Parking features: Open
- Uncovered spaces: 10
Lot
- Size: 8,154.43 Square Feet
- Features: Curbs, Paved, Sidewalk
Details
- Parcel number: 9825700355
- Zoning description: Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cement/Concrete
- Foundation: Slab
- Roof: Flat
Condition
- Year built: 1958
- Major remodel year: 1985
Utilities & green energy
- Sewer: Sewer Connected
Community & HOA
Community
- Subdivision: Downtown Kent
Location
- Region: Kent
Financial & listing details
- Price per square foot: $206/sqft
- Annual tax amount: $12,879
- Date on market: 8/6/2025
- Listing terms: Cash Out,Conventional,FHA,VA Loan
- Cumulative days on market: 2 days
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