506 1st Street SW
Auburn, WA 98001
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1986 build
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
Last checked:
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Last updated Mar 13, 2025
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MLS# 2344199 —
The Building
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Year Built:1906
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Year Built:1986
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Year Built Source:Public Records
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New Construction:false
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Structure Type:Multi Family
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Roof:See Remarks
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Exterior Features:See Remarks
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Units In Building Total:6
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# of Units Total:6
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Stories Total:3
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Building Area Units:Square Feet
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Construction Materials:See Remarks
Interior
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Flooring:See Remarks
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Fireplace:false
Financial & Terms
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Possession:Closing
Location
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Latitude:47.306352
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Longitude:-122.235894
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Directions:Located on 1st Street Southwest
The Property
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Property Type:Residential Income
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Property Subtype:Multi-Family
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Parcel Number:3915000340
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Lot Features:Corner Lot, Curbs, Open Space, Paved, Sidewalk, Value In Land
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Lot Size Units:Square Feet
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Lot Size Acres:0.4132
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Lot Size SqFt:18000
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Lot Size Source:County
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Zoning Jurisdiction:City
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View:City, Mountain(s)
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View:true
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Waterfront:false
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Additional Parcels Description:391500-0340
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (206) 624-2424
- Office phone:
- (206) 624-2424
Taxes
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Tax Year:2025
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Tax Annual Amount:10269
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Cooling:true
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Heating:true
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Cooling:Other – See Remarks
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Heating:Other – See Remarks
Utilities
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Water Company:Public
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Water Source:Community
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Sewer:Sewer Connected
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Sewer Company:Public
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Power Company:Puget Sound Energy
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Water Sewer Garbage:7200
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Cable Connected:DirecTV
Schools
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Elementary School:Terminal Park Elem
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Middle Or Junior School:Olympic Mid
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High School:Auburn Snr High
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High School District:Auburn
The Community
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Subdivision Name:Downtown - Auburn
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Amenities:See Remarks
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Senior Community:false
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Association:false
Parking
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Parking Total:6
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Parking Uncovered Spaces:6
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Open Parking:true
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Open Parking Spaces:6
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Carport:false
Listing courtesy of NWMLS / Lee & Associates Commercial RE
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/13/25
Mar 13, 2025
|
Listed / Active | NWMLS | $1,050,000 |
