506 1st Street SW Auburn, WA 98001
506 1st Street SW
Auburn, WA 98001
$995,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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 Features
Community: Downtown - Auburn
5-9 Units
View: City
View: Mountain(s)
Cable TV
Deck
Gas Available
High Speed Internet
Patio
Exterior: See Remarks
Roof: See Remarks
Year Built: 1906
2025 Taxes: $10269.00
Buyer Broker Compensation: 2.25%
Listing #: 2344199
Lot Details
Lot Size: 0.41 acres
Corner Lot
Curbs
Open Space
Paved
Sidewalk
Value In Land
No. of Units: 6
Interior
Cooling: Other – See Remarks
Heating: Other – See Remarks
Electric
Natural Gas
Common Features
See Remarks
Schools
District: Auburn
Elem: Terminal Park Elem
Middle: Olympic Mid
High: Auburn Snr High
Call or Email:
Grace Wamwere
What's Near 506 1st Street SW Auburn, WA 98001?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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