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Listed by COMPASS
$ 1,100,000
Est. payment /mo
New
501 37th ST SE Auburn, WA 98002
8 Beds
6 Baths
4,064 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,064 sqft
Price per Sqft $270
Subdivision Auburn
MLS Listing ID 2436601
Style 54 - 4-Plex
Bedrooms 8
Year Built 1980
Annual Tax Amount $9,052
Lot Size 9,450 Sqft
Property Sub-Type Multi Family
Property Description
Prime 4-unit multifamily property in Auburn, WA, featuring spacious 2-bed, 1.5-bath units, each 1,016 SF, with large back patios and secure storage. Boasting a 5.49% cap rate, with a projected increase to 5.91% by Dec 1, 2025, due to scheduled rent increases. W/D hookups, extra storage unit on back patios, Newly painted in Sept 2025 with durable metal roofs for low maintenance. Ideal location near Seattle-Tacoma amenities. Seller financing available. All units are fully occupied.
Location
State WA
County King
Area 310 - Auburn
Interior
Fireplace false
Exterior
Exterior Feature Wood Products
View Y/N Yes
View Territorial
Roof Type Metal
Building
Lot Description Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Auburn
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, FHA, Owner Financing
Listing Terms Cash Out, Conventional, FHA, Owner Financing
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