418 W Meeker Street, Kent, 98032
MLS® #: 2418375
Active, 69 Days on Market
Listing Office: The Foundation Group LLC
Last Update: 2025-10-15
0
Garages
69
Dom
8,376
Square feet
0.19
Acres
1958
Built
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.
Features of 418 W Meeker Street
| MLS® # | 2418375 |
|---|---|
| Price | $1,725,000 |
| Bathrooms | 0.00 |
| Square Footage | 8,376 |
| Acres | 0.19 |
| Year Built | 1958 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 418 W Meeker Street |
|---|---|
| Area | 330 - Kent |
| Subdivision | Downtown Kent |
| City | Kent |
| County | King |
| State | WA |
| Zip Code | 98032 |
Amenities
| Parking Spaces | 10 |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Baseboard |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior Features | Cement/Concrete |
|---|---|
| Lot Description | Curbs, Paved, Sidewalk |
| Foundation | Slab |
School Information
| District | Kent |
|---|
Additional Information
| Days on Market | 69 |
|---|---|
| Cumulative Days on Market | 69 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Property Taxes | $12,879 |
Listing Details
| Office | The Foundation Group LLC |
|---|
Listing Map
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