506 1st Street Sw, Auburn, WA 98001

Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
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Listed by:christopher larsen
Office:lee & associates commercial re
MLS#:2344199
Source:NWMLS
506 1st Street Sw,Auburn, WA 98001
$925,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$925,000

About this home

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

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Home facts

  • Year built:1906
  • Listing Id #:2344199
  • Updated:August 12, 2025 at 11:57 AM

Structure and exterior

  • Year built:1906
  • Lot area:0.41 Acres

Schools

  • High school:Auburn Snr High
  • Middle school:Olympic Mid
  • Elementary school:Terminal Park Elem

Utilities

  • Water:Community
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$925,000
  • Tax amount:$10,269 (2025)
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