98035, WA homes for sale & real estate

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ABOUT THIS HOME
98035, WA Homes for Sale
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.

$1,725,000

8 beds8 baths8,376 sq ft

418 W Meeker St, Kent, WA 98032

Retail units • Ground floor retail • Mixed-use building

Listing provided by NWMLS as Distributed by MLS Grid

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Based on information submitted to the MLS GRID as of Sun Sep 14 2025. 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. Some IDX listings have been excluded from this website.

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