506 1st Street SW
Auburn, WA 98001
0.41 acres | #2344199
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
Property Details
- Lot DescriptionCorner Lot, Curbs, Open Space, Paved, Sidewalk, Value In Land
- Exterior FeaturesCable TV, Deck, Gas Available, High Speed Internet, Patio
- Elementary SchoolTerminal Park Elem
- SubdivisionDowntown - Auburn
- ViewCity, Mountain(s)
- Sewer InformationSewer Connected
- High SchoolAuburn Snr High
- Style55 - 5-9 Units
- Date ListedMarch 11, 2025
- Property TypeMulti-Family
- Property SubtypeMulti-Family
- Structure TypeMulti Family
- Exterior MaterialsSee Remarks
- Middle SchoolOlympic Mid
- Original List Price$1,050,000
- Utility SourceCommunity
- Taxes Annual$10,269
- MLS #2344199
- Cost1050000
- MLS #2344199
- Acres0.4132
- School DistrictAuburn
- Year Built1906
- CountyKing
- Days on Market (Cumulative)12
- Stories3
Location
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-03-13 18:28:13. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Christopher Larsen (#NWM134405)
Listing Office: Lee & Associates Commercial RE (#NWM6426)
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