$1,100,000

501 37th Street SE, Auburn, WA 98002

Multi-Family Home
Built in 1980
9,448sqft lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

This listing courtesy of Erich Bubbel, COMPASS

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.

Listing Status:: Active
Listing Office:: COMPASS : 425-637-7777
Listing Agent:: Erich Bubbel : 425-637-7777
MLS ID:: 2436601

A/C: None
Heating: Forced Air
Fireplace: Fireplaces: 0

General: Wood Products
Parking: Parking spaces: 8

Roofing: Metal
General: 54 - 4-Plex

HOA Amenities: 0.0
Originating MLS: nwmls
School District: Auburn
County: King

Zoning: 3021059270
View: TerritorialView

Water: Public
Sewer: Sewer Connected

Source: nwmls

This listing courtesy of Erich Bubbel, COMPASS

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Gildo Rey Elementary School

1005 37th St SE, Auburn, WA, 98002

Grades PK-5

0.33 miles away

Mt. Baker Middle School

620 37th St SE, Auburn, WA, 98002

Grades 6-8

0.14 miles away

Auburn Riverside High School

501 Oravetz Rd SE, Auburn, WA, 98092

Grades 9-12

0.58 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.