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418 W Meeker Street, Kent, WA 98032

Local realty services provided by:CENTURY 21 Real Estate Center
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:December 11, 2025 at 07:43 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)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of December 11, 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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