412 Meeker St Kent, WA 98032-5857
Property profile & analytics
412 Meeker St Kent, WA 98032-5857
- Investment properties
- 8,376 SF
- 0.19 lot acres
Property ID
US90-0177994
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Engrossing Portable Toilet Rental of Kent / Building Supply
- Puget Sound Signs & Graphics / (Bike/Boat/Book/etc) Store / Printing Service
Property Details for 412 Meeker St
- Year built
- 1958
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.19 lot acres
- Property size
- 8,376 SF
- Zone code
- DCE
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 982570-0355
- APU
- 9825700355
Description
This exceptional mixed-use property in vibrant Downtown Kent, WA offers a compelling investment opportunity. The 8,376 square foot building features three ground-floor retail spaces, all leased through 2026 and 2027 with extension options, and five upper-floor apartment units. Three of the apartments have been extensively renovated since 2021, boasting LVP flooring, updated kitchens and bathrooms, and fresh paint. The remaining two units present a value-add opportunity to increase rental income. Over $165,000 has already been invested in renovations. The building benefits from a 100% occupancy rate, generating a strong net operating income (NOI) of $124,792 and a 6.71% cap rate. The asking price is $1,850,000 ($221/sq ft and $185,000/unit). Ten parking spaces are available. Individual water shutoffs in each apartment unit simplify renovations. All apartment leases include 45-day termination clauses upon sale (buyer to verify). The property is zoned DCE and enjoys high visibility in a thriving downtown location. The potential to implement a utility billback system further enhances the income potential. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use asset with significant upside.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,180,000
- ML approach
- $1,190,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Kent
- County
- King
- State
- Washington
- Longitude
- -122.237
- Latitude
- 47.3813
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$12,492
$187,500
$879,900
$1,067,400
-
$187,500
$879,900
$1,067,400
