506 1st St SW Auburn, WA 98001
Downtown Auburn NeighborhoodEstimated payment $5,857/month
Highlights
- City View
- Deck
- No HOA
- 0.41 Acre Lot
- Corner Lot
- Patio
About This Home
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
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2344199
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,269
Year Built
- Built in 1906
Lot Details
- 0.41 Acre Lot
- Open Space
- Corner Lot
- 391500-0340
- Value in Land
Property Views
- City
- Mountain
Interior Spaces
- 3-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Parking
- 6 Parking Spaces
- Open Parking
Outdoor Features
- Deck
- Patio
Schools
- Terminal Park Elementary School
- Olympic Mid Middle School
- Auburn Snr High School
Utilities
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Downtown Auburn Subdivision
Listing and Financial Details
- Assessor Parcel Number 3915000340
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | Price Changed | $925,000 | -2.1% | -- |
| 07/21/2025 07/21/25 | Price Changed | $945,000 | -5.0% | -- |
| 05/22/2025 05/22/25 | Price Changed | $995,000 | -5.2% | -- |
| 03/11/2025 03/11/25 | For Sale | $1,050,000 | -- | -- |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2344199
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Based on information submitted to the MLS GRID
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