$1,050,000

506 1st St SW Auburn, WA 98001

$10,000
Closing credit¹
0.4 acres
House

Property details

About 506 1st St SW

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

Highlights

StatusActive
Lot size0.4132 Acres
Year built1906
MLS #2344199
ViewCity, Mountain(s)

Summary

  • MLS Number: 2344199
  • MLS Name: NWMLS
  • Office Name: Lee & Associates Commercial RE
  • Office Phone: (206) 624-2424
  • Listing Agent: Christopher Larsen

IDX Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.

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. Properties displayed may be listed or sold by various participants in the MLS.

IDX The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest Multiple Listing Service IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2025 Northwest MLS. All rights reserved.

DMCA Notice

Disclaimer: Information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. NorthwestMLS
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 2:47:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

american foursquare style home with a front lawn, stucco siding, covered porch, and a shingled roof

$1,050,000

506 1st St SW

$10,000

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Oct 30, 2006
Home Sold
$515,000
Feb 05, 1993
Home Sold
$190,212

Tax history

YearAssessmentProperty Tax
2022$906,000$10,535
2021$763,000$10,270
2020$683,000$9,726
2018$470,000$6,140
2017$407,000$6,634

History based on county public records data.

Nearby schools

5

Washington Elementary School

Public District PK-5

0.7 mi

20 E St NE

5

Terminal Park Elementary School

Public District PK-5

0.8 mi

1101 D St SE

4

Pioneer Elementary School

Public District PK-5

1.3 mi

1825 K St SE

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $41,500. Typical income of Auburn, WA residents is less than $<35k annually. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

How much money do the neighbors make?

46%
<35k
37%
35k-100k
16%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

63%
Single, No Kids
9%
Single, with Kids
18%
Married, No Kids
10%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

8%
<11 yrs old
5%
12-17 yrs old
25%
18-34 yrs old
47%
35-64 yrs old
15%
65+ yrs old

What do the neighbors do for fun?

  • Continuing Education CoursesContinuing Education Courses
  • Pro BoxingPro Boxing
  • SoccerSoccer

Where do the neighbors shop?

  • Express/Express For MenExpress/Express For Men
  • BurlingtonBurlington
  • Forever 21Forever 21

Where do the neighbors go to eat?

  • QdobaQdoba
  • PopeyesPopeyes
  • Dominos PizzaDominos Pizza

What do the neighbors drive?

  • VolkswagenVolkswagen
  • DodgeDodge
  • MazdaMazda

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • NewsNews
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Auburn, WA

About 506 1st St SW

This home is located at 506 1st St SW in Auburn, WA and zip code 98001. Features: 0 bathroom. It has been listed on Rocket Homes since March 13, 2025 and is currently priced at $1,050,000.

Over 22 listings were sold over their listed price in February 2025 in Auburn, WA. In the same period over 17 listings were sold below the listed price and 12 listings were sold for the listed price. Between January and February 2025, Auburn, WA real estate market has seen increase in the number of listings by 5.3%. In February 2025 median list price was $599,985 and the average listing age was 48 days.

From Rocket Homes Real Estate and based on county public records data.

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