Unlock rare flexibility with this unique Algona property located in M1 Light Industrial zoning—offering a blend of residential comfort and business potential that’s hard to find. Featuring a 2-bedroom, 1-bath cottage-style home, this property is ideal for those seeking a live/work setup or a strategic small business location. The standout feature is the detached garage/shop equipped with 3-phase power, opening the door to a wide range of uses including automotive work, fabrication, light manufacturing, or trade-based operations. Whether you're an entrepreneur, contractor, or hobbyist ready to scale, this setup provides the infrastructure to make it happen. The home itself offers comfortable living or can easily be repurposed into office space, creating a seamless transition between workspace and operations. Situated on a generous lot, the property also includes an additional ~200 sq ft detached storage building—perfect for equipment, materials, or inventory. Positioned in a growing industrial corridor with convenient access to major routes and surrounding commercial hubs, this is a rare opportunity to own a property that works as hard as you do. Live, work, operate—or invest in a flexible asset with serious upside.
Sold
Listed by: Real Broker LLC • Danny Altizer
Bought with: Better Properties UP/Fircrest
$390,000
516 Clay Street NW, Auburn, WA 98001
2beds
1,570sqft
Single Family Residence
Built in 1926
9,583 Square Feet Lot
$387,400 Zestimate®
$248/sqft
$2,688 Estimated rent
Home value
$387,400
$360,000 - $418,000
$2,688/mo
Zestimate® history
Owner options
List your home for rent
$2,688/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,688/mo
Rent Zestimate®
Refinance and save
$2,364/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,364/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Comfortable livingGenerous lot
Zillow last checked:
Listing updated:
Listed by:
Danny Altizer,
Real Broker LLC
Bought with:
Steven Lovelace, 22008151
Better Properties UP/Fircrest
Source: NWMLS as distributed by MLS GRID,MLS#: 2491944
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Main
Bedroom
- Level: Second
Bathroom full
- Level: Main
Other
- Level: Garage
Den office
- Level: Second
Entry hall
- Level: Main
Family room
- Level: Main
Kitchen with eating space
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Wall Furnace, Electric, Natural Gas
Cooling
- None
Appliances
- Included: Dryer, Refrigerator, Stove(s)/Range(s), Washer, Dryer(s), Refrigerator(s), Washer(s)
Features
- Flooring: Hardwood, Vinyl, Carpet
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Pellet Stove, Upper Level: 1, Fireplace
Interior area
- Total structure area: 1,570
- Total interior livable area: 1,570 sqft
Property
Parking
- Total spaces: 3
- Parking features: Driveway, Detached Garage
- Has garage: Yes
- Covered spaces: 1
- Uncovered spaces: 2
Features
- Levels: One and One Half
- Stories: 1
- Entry location: Main
- Patio & porch: Fireplace
- Has view: Yes
- View description: Territorial
Lot
- Size: 9,583 Square Feet
- Dimensions: 75 x 130
- Features: Dead End Street, Paved, Cable TV, Gas Available, Outbuildings, Shop
- Topography: Level
Details
- Parcel number: 1321049092
- Zoning: M1
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman,1 1/2 Story
- Property subtype: Single Family Residence
Materials
- Cement Planked, Cement Plank
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1926
- Major remodel year: 1926
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Auburn
- Water: Public, Company: City of Auburn
Community & HOA
Community
- Subdivision: Auburn
Location
- Region: Auburn
Financial & listing details
- Price per square foot: $248/sqft
- Tax assessed value: $425,000
- Annual tax amount: $5,195
- Date on market: 6/28/2026
- Cumulative days on market: 5 days
- Listing terms: Conventional,FHA,State Bond,VA Loan
- Inclusions: Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Price history
| Date | Event | Price |
|---|---|---|
| 6/2/2026 | Sold | $390,000+2.6%$248/sqft |
Source:  NWMLS as distributed by MLS GRID #2491944 Report a problem | ||
| 4/7/2026 | Pending sale | $379,995$242/sqft |
Source: NWMLS as distributed by MLS GRID #2491944 Report a problem | ||
| 4/2/2026 | Listed for sale | $379,995+248.6%$242/sqft |
Source: NWMLS as distributed by MLS GRID #2491944 Report a problem | ||
| 11/8/1996 | Sold | $109,000$69/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,449 +4.9% | $425,000 -1.6% |
| 2024 | $5,195 +9.2% | $432,000 +13.7% |
| 2023 | $4,755 +3% | $380,000 -4.3% |
| 2022 | $4,617 +8.5% | $397,000 +26% |
| 2021 | $4,256 +7% | $315,000 +13.3% |
| 2020 | $3,978 +9.8% | $278,000 +10.8% |
| 2019 | $3,624 +14.6% | $251,000 +1.6% |
| 2018 | $3,161 -9.7% | $247,000 +12.8% |
| 2017 | $3,501 +40% | $219,000 +23% |
| 2016 | $2,501 | $178,000 +7.2% |
| 2015 | $2,501 | $166,000 +4.4% |
| 2014 | $2,501 | $159,000 +30.3% |
| 2013 | $2,501 | $122,000 -2.4% |
| 2012 | -- | $125,000 -15.5% |
| 2011 | -- | $148,000 -14.9% |
| 2010 | -- | $174,000 |
| 2009 | -- | $174,000 +25.2% |
| 2007 | -- | $139,000 +6.1% |
| 2006 | -- | $131,000 +6.5% |
| 2005 | -- | $123,000 +7.9% |
| 2001 | $1,617 +0.5% | $114,000 +5.6% |
| 2000 | $1,609 | $108,000 |
Find assessor info on the county website
Neighborhood: 98001
Nearby homes
- $415,0002 bd1 ba1.6k sqft327 Clay St NW, Auburn, WA 98001Sold
- $390,0003 bd1 ba1.5k sqft301 Clay St NW, Auburn, WA 98001Sold
- $550,0003 bd2 ba2k sqft220 Clay St NW, Auburn, WA 98001Sold
- $376,0002 bd1 ba840 sqft630 2nd St NW, Auburn, WA 98001Sold
- $350,0002 bd1 ba750 sqft23 G St NW, Auburn, WA 98001Sold
- $350,0001 bd1 ba1.6k sqft12 G St NW, Auburn, WA 98001Sold
- $550,0000.276 Acres118 G St SW, Auburn, WA 98001Sold
- $450,0002 bd1 ba1.7k sqft111 F St SW, Auburn, WA 98001Sold
Nearby schools
GreatSchools rating
- 5/10Terminal Park Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 3/10Olympic Middle SchoolGrades: 6-8Distance: 1.9 mi
- 2/10Auburn Senior High SchoolGrades: 9-12Distance: 1 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$387,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$387,400
- Washington
- King County
- Auburn
- 98001
- 516 Clay Street NW
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Auburn Topics
