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
Active
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
Est.:
Multi Family
Built in 1906
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 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#: 2344199

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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