WA > Auburn > Downtown - Auburn
Auburn, WA 98001,506 1st ST SW
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Auburn, WA 98001,506 1st ST SW
Auburn, WA 98001,506 1st ST SW
Auburn, WA 98001,506 1st ST SW
Auburn, WA 98001,506 1st ST SW
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Niki Shelton

Niki Shelton

+1(360) 710-4742
Listed by Lee & Associates Commercial RE
$ 1,050,000
Est. payment /mo
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Active

506 1st ST SW Auburn, WA 98001

3 Beds

6 Baths

0.41 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Downtown - Auburn

MLS Listing ID 2344199

Style 55 - 5-9 Units

Bedrooms 3

Year Built 1906

Annual Tax Amount $10,269

Lot Size 0.413 Acres

Property Sub-Type Multi-Family

Property Description

Knickerbocker Mansion, a premier investment opportunity in downtown Auburn, offering strong financial upside through market rents and operational efficiencies. Ideally positioned near the I-5 / Highway 18 interchange, tenants benefit from seamless connectivity, while Auburn Train Station is just steps away, providing direct service to Seattle and Tacoma, a key draw for commuters. Auburn's economic landscape is anchored by major employers such as Boeing, Starbucks, and Pepsi, driving sustained rental demand. Possessing 18,000 SF of land, Investors have a unique opportunity to unlock additional value through redevelopment and a potential multi-lot subdivision

Location

State WA

County King

Area 310 - Auburn

Interior

Flooring See Remarks

Fireplace false

Exterior

Exterior Feature See Remarks

Amenities Available Cable TV, Deck, Gas Available, High Speed Internet, Patio

View Y/N Yes

View City, Mountain(s)

Roof Type See Remarks

Building

Lot Description Corner Lot, Curbs, Open Space, Paved, Sidewalk, Value In Land

Sewer Sewer Connected

Water Community

New Construction No

Schools

Elementary Schools Terminal Park Elem

Middle Schools Olympic Mid

High Schools Auburn Snr High

School District Auburn

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
agent

Niki Shelton

Broker | License ID: 120959

+1(360) 710-4742

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506 1st ST SW