501 37th Street Se, Auburn, Washington 98002

WA, Auburn
$1,100,000
  • 4,064 Sqft
  • Residential Income Property Type
  • 1980 Year Built
  • Closed Status

Listing courtesy: Erich Bubbel, COMPASS

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.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2436601
  • Price: $1,100,000
  • View: Territorial
  • Square Footage: 4,064 Sqft
  • Year Built: 1980
  • Lot Area: 0.22 Acre
  • Status: Closed
  • Office Name: COMPASS
  • Agent Name: Erich Bubbel
  • Property Sub Type: Multi Family
  • Roof: Metal
Features
  • Heating System Forced Air
  • Cooling System None
  • Exterior Features Wood Products
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County King
  • City Auburn
  • Zipcode 98002
  • Street: 37th
  • Street Number: 501
  • Street Suffix: Street
  • Longitude: W123° 46' 39.6''
  • Latitude: N47° 16' 34.2''
  • Directions: Use GPS
  • Mls Area Major: 310 - Auburn
  • Street Dir Suffix: SE
Neighborhood
  • High School District: Auburn
Additional Information
  • Water Source: Public
  • Stories Total: 2
  • Possible Use: Multi-Family
  • On Market Date: 2025-09-25
  • Number Of Units Total: 4
  • Lot Features: Paved, Sidewalk
  • Construction Materials: Wood
Financial
  • Tax Annual Amount: 9052
Listing Information
  • Co List Agent Full Name: Ramiro Olmos Munoz
  • Co List Agent Mls Id: 144427
  • Co List Office Mls Id: 4704
  • Co List Office Name: COMPASS
  • List Agent Mls Id: 107969
  • List Office Mls Id: 4704
  • Listing Term: Cash Out,Conventional,FHA,Owner Financing
  • Mls Status: Sold
  • Modification Timestamp: 2026-01-15T12:04:30Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2025-12-16T01:11:00Z
Rene Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211
Contact To Rene Orona

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