418 W Meeker Street, Kent, WA 98032

Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: ethan szmania, aaron locke
Office: the foundation group llc.
MLS#:2418375
Source:NWMLS
418 W Meeker Street,Kent, WA 98032
$1,725,000
  • - Beds
  • - Baths
  • 8,376 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,725,000
  • Price per sq. ft.:$205.95

About this home

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.

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Home facts

  • Year built:1958
  • Listing ID #:2418375
  • Updated:November 11, 2025 at 12:01 PM

Rooms and interior

  • Living area:8,376 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Flat Roof
  • Year built:1958
  • Building area:8,376 sq. ft.
  • Lot area:0.19 Acres

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,725,000
  • Price per sq. ft.:$205.95
  • Tax amount:$12,879 (2025)
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