Pending
  • Listed by: 

    Rachel Harwood,

    COMPASS

    $2,000,000

    802 21st Street SE, Auburn, WA 98002

    2beds
    1baths
    5,920sqft
    : 
    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
    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
    91 days
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