418 W Meeker Street, Kent, WA 98032 (MLS # 2418375)
Listing provided courtesy of Northwest MLS; The Foundation Group LLC
|
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 |
TOTAL MONTHLY PAYMENT
SATELLITE VIEW |
/ | |
Properties with the 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.
DMCA Notice
This IDX solution is (c) Diverse Solutions 2025.