Skip main navigation
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
    : 
    Multi Family
    Built in 1958
    -- sqft lot
    $-- Zestimate®
    $206/sqft
    $-- HOA

    What's special

    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.
    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#: 2418375MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 418 W Meeker Street.

    Next available tour time:Today at 11am

    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
    • Loading
    • Loading