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 5.97% cap rate, with a projected increase to 6.24% by Nov 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. All units are fully occupied.
Active
Listed by:
Erich Bubbel,
COMPASS,
Ramiro Olmos Munoz,
COMPASS
$1,035,000
421 37th Street SE, Auburn, WA 98002
8beds
8baths
4,064sqft
Est.:
Quadruplex
Built in 1980
-- sqft lot
$-- Zestimate®
$255/sqft
$-- HOA
What's special
Secure storageDurable metal roofsLarge back patios
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