418 W Meeker Street, Kent, WA 98032 (MLS # 2418375)

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Listing provided courtesy of Northwest MLS; The Foundation Group LLC

PRICE $1,725,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 8,376 sqft
LOT SIZE 8,155 sqft

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.

LAST UPDATED 8/7/2025 TRACT Downtown Kent
YEAR BUILT 1958 COMMUNITY Downtown Kent
COUNTY King STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR None
AREA 330 - Kent
CONSTRUCTION Concrete
HEAT Baseboard, Electric
LOT 8154 sq ft
LOT DESCRIPTION Curbs, Paved, Sidewalk
MLS STATUS Active
STORIES 2
STYLE 55 - 5-9 Units
SUBDIVISION Downtown Kent
TAXES 12879
UTILITIES Sewer Connected
MORTGAGE CALCULATOR
   

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 8/12/25 1:07 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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