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  • Listed by: 

    Christopher Larsen,

    Lee & Associates Commercial RE

    Price cut: $50K (7/21)
    $945,000

    506 1st Street SW, Auburn, WA 98001

    6beds
    6baths
    --sqft
    : 
    Multi Family
    Built in 1906
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Knickerbocker Mansion, a premier investment opportunity in downtown Auburn, offering strong financial upside through market rents and operational efficiencies. Ideally positioned near the I-5 / Highway 18 interchange, tenants benefit from seamless connectivity, while Auburn Train Station is just steps away, providing direct service to Seattle and Tacoma, a key draw for commuters. Auburn’s economic landscape is anchored by major employers such as Boeing, Starbucks, and Pepsi, driving sustained rental demand. Possessing 18,000 SF of land, Investors have a unique opportunity to unlock additional value through redevelopment and a potential multi-lot subdivision
    149 days
    on Zillow
    |
    196
    |
    7
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 04, 2025 at 01:28pm

    Listed by:

    Christopher Larsen,

    Lee & Associates Commercial RE

    Source: NWMLS,MLS#: 2344199MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 506 1st Street SW.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    Heating
    • Other – See Remarks, Electric, Natural Gas
    Cooling
    • Other – See Remarks
    Features
    • Flooring: See Remarks
    • Has fireplace: No
    Interior area
    • Total structure area: 0

    Property

    Parking
    • Total spaces: 6
    • Parking features: Open
    • Uncovered spaces: 6
    Features
    • Has view: Yes
    • View description: City, Mountain(s)
    Lot
    • Size: 0.41 Acres
    • Features: Corner Lot, Curbs, Open Lot, Paved, Sidewalk, Value In Land, Cable TV, Deck, Gas Available, High Speed Internet, Patio
    Details
    • Parcel number: 3915000340
    • Zoning description: Jurisdiction: City
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • See Remarks
    • Roof: See Remarks
    Condition
    • Year built: 1906
    • Major remodel year: 2019

    Utilities & green energy

    • Electric: Company: Puget Sound Energy
    • Sewer: Sewer Connected, Company: Public
    • Water: Community, Company: Public
    • Utilities for property: Directv

    Community & HOA

    Community
    • Subdivision: Downtown - Auburn
    Location
    • Region: Auburn

    Financial & listing details

    • Annual tax amount: $10,269
    • Date on market: 3/10/2025
    • Listing terms: Cash Out,Conventional
    • Cumulative days on market: 153 days
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