Rockhood
$1,280,000List price
Active

1020 A Street SE · Auburn, WA 98002

Source: NWMLS · Kidder Mathews · Kevin G. Verger #NWM2518114

About this home

This asset offers investors and owner/users the rare combination of immediate cash flow, flexible occupancy, and meaningful value-add potential. The property is currently 60% occupied and generates a 7.00% in-place cap rate, providing stable income from the current tenants, creating a clear path to increased income through lease-up or direct owner occupancy. Attractive In-Place Yield - Offered at a compelling 7.00% going-in cap rate, providing immediate cash flow from established tenancy. Clear Value-Add Through Lease-Up - Currently 60% occupied, offering investors a clear path to increase income and value through lease-up of the remaining office suites. Owner-User Flexibility - Ideal for an owner-occupant seeking a professional office presence while offsetting occupancy costs through rental income from existing retail tenants. Flexible Use Potential - Second-floor office layout is well-suited for professional services, medical, or administrative users. Strong Traffic Exposure - Exceptional visibility to 25,000+ average daily vehicles, supporting retail tenant performance, enhancing signage presence, and increasing long-term leasing appeal. Excellent Regional Connectivity - Located just minutes from SR 167, providing access to SR 18, I-5, and I-405, supporting tenant accessibility, employee commuting, and long-term leasing demand.

Location

Basics

Property type
Commercial Industrial
Style
Retail
Year built
1979
Lot size
12,185 sq ft (0.28 acres)
County
King
MLS #
NWM2518114

Interior

Heating
None
Cooling
None

Utilities

Sewer
Sewer Connected

Community & fees

Subdivision
South Auburn

Transaction

Listed on
May 4, 2026
Days on market
139
Listing terms
Cash
Possession
Closing

More homes nearby

Sale history

Earlier listings of this home on the MLS.

2022-06-02
Sold$1,350,000

Schools

High
Auburn Senior High School
SchoolDigger 1 star · Top 77% in WA

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Listing provided courtesy of: Kidder Mathews

Listing agent: Kevin G. Verger.

Based on information submitted to the MLS GRID as of . 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. IDX information 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. Information is deemed reliable but not guaranteed.

Data last updated 2026-05-05.