Kent, WA 98032 418 W Meeker Street
$1,725,000
10 more
Presented By: The Foundation Group LLC and NWMLS
- MLS# 2418375
- 08/07/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 8,376
Home Details
Fully occupied 7.39% cap rate + Value-add in downtown Kent location – Mixed-use building with 3 retail units and 5 apartments boasts strong in-place rents and ability to renovate remaining two apartment units. Renovated in 2021 including retail spaces. Aladin Bail Bonds anchors ground floor retail with 7 years remaining on lease and yearly 4% increases. Potential for owner-user in need of office or retail space. Apartment units are bright, spacious, and historically easy to rent. Coin-op laundry and 10 parking spaces in dedicated lot. Building includes renovated non-conforming studio (350SqFt) for additional upside.
Presented By: The Foundation Group LLC and NWMLS
Interior Features for 418 W Meeker Street
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate, Vinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 418 W Meeker Street
AmenitiesCoin Op Laundry
Building Area UnitsSquare Feet
Cap Rate7.39
Carport Spaces
Carport Y/NNo
CityKent
CoolingNone
CountyKing
DirectionsTake I-5, I-405 N and WA-167 S to Willis St in Kent. Take the WA-516/Willis St exit from WA-167 S
Electric Expense2000
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High School DistrictKent
Insurance Expense3371
Leasable Area8376
Listing TermsCash Out, Conventional, FHA, VA Loan
Living Area UnitsSquare Feet
Lot Size Square Feet8156
Lot Size UnitsSquare Feet
MLS Area330 – Kent
ModificationTimestamp2025-08-07T20:47:11.631Z
NWM_ShowMapLinkY
Net Operating Income127551
New ConstructionNo
Number Of Units Total8
Open Parking Spaces10
PossessionClosing
Property Style55 – 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksFully 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 apartm
RoofFlat
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameDowntown Kent
Tax Annual Amount12879
Tax Year2025
Units Below Gradefalse
Units In Building Total8
Water Sewer Garbage12336
Year Built1958
Exterior for 418 W Meeker Street
Building Area Total8376
Covered Spaces
Exterior AmenitiesCement/Concrete
Foundation DetailsSlab
Irrigation Water Rights Y/NNo
Lot FeaturesCurbs, Paved, Sidewalk
Lot Size Acres0.1872
Parking Uncovered Spaces10
Total Parking10
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®