$1,850,000
For Sale

412 -418 W Meeker Street

Kent, WA 98032
8376 sqft | 0.19 acres | #2289239
Listing OfficeParagon Real Estate Advisors
Browse 15 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

Centrally located in the heart of Downtown Kent--this presents a compelling opportunity to acquire a highly visible mixed-use property, with 7% of its units having undergone renovation since 2021. The prospective owner not only inherits the stability of existing retail tenants but also possesses the value-add potential to renovate the remaining apartment units and bring all the rents to market. The Melbourne Building boasts a versatile design, featuring three leased retail spaces on the ground floor and five apartment units on the top floor. All three retail units have been leased and undergone comprehensive interior renovations within the past two years.

  • Property Details
      • Exterior MaterialsBrick
      • Stories2
    • Measurements
      • Acres0.1872
      • Square Feet8376
  • Construction Details
      • Style55 - 5-9 Units
      • Property TypeMulti-Family
    • Condition
      • Year Built1958
  • Utilities / Energy Details
      • Sewer InformationSewer Connected
  • Community and Neighborhood Details
      • SubdivisionKent
    • Location
      • School DistrictKent
      • CountyKing
  • Financial Details
      • Original List Price$1,850,000
      • Taxes Annual$12,879
      • Days on Market (Cumulative)248
  • Other
      • MLS #2289239
Melissa McMurrayReal Estate Group
$
years

Down Payment

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%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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