7-unit multifamily property offering strong current income and long-term potential. Each spacious 2BD/1BA unit has been renovated with luxury vinyl plank flooring, stainless steel appliances, and updated fixtures. Major capital improvements—including new roofs, furnaces, and water heaters—eliminate deferred maintenance. Tenants enjoy in-unit laundry, private garages, and fully fenced private backyards. Ideally located between Seattle and Tacoma, close to walkable schools, transit, and major employers. The Kent/Auburn submarket saw 95.3% occupancy in Q1 2025 and is projected for effective rent increases of 4.2% through 2025. Offers a true 6.8% cap rate with potential for income growth. Optional portfolio sale w/ nearby 8-unit MLS#2394373
Pending
Listed by:
Rachel Harwood,
COMPASS
$2,000,000
802 21st Street SE, Auburn, WA 98002
2beds
1baths
5,920sqft
Est.:
Multi Family
Built in 1977
-- sqft lot
$1,872,800 Zestimate®
$338/sqft
$-- HOA
What's special
Fully fenced private backyardsPrivate garagesUpdated fixturesIn-unit laundryNew roofsStainless steel appliances
- 91 days |
- 18 |
- 0 |
- Loading