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418 W Meeker Street, 
Kent, WA 98032

$1,725,000

—

Bed

—

Bath

8,376

Sq Ft

Multi-Family

Active

Listed by

Ethan Szmania

, 

Aaron Locke

The Foundation Group LLC.

Last updated:

August 8, 2025, 12:17 AM

MLS#

2418375

Source:

NWMLS

About This Home

418 W Meeker Street

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.

Home Facts

Multi-Family

Built in 1958

Price Summary

1,725,000

$205 per Sq. Ft.

MLS #:

2418375

Last Updated:

August 8, 2025, 12:17 AM

Rooms & Interior

Interior

Living Area:

8,376 Sq. Ft.

Structure

Structure

Building Area:

8,376 Sq. Ft.

Year Built:

1958

Lot

Lot Size (Sq. Ft):

8,156

Finances & Disclosures

Finances

Price:

$1,725,000

Price per Sq. Ft:

$205 per Sq. Ft.

MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of August 13, 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.

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