2302 I Street NE, Auburn, WA 98002
- $1,040,000
- 3,124
- SqFt
Listing courtesy of Heaton Dainard, LLC. Selling Office: Ballpark Realty.
- Sold Price
- $1,040,000
- List Price
- $1,049,000
- Status
- SOLD
- MLS#
- 2330913
- Closing Date
- Mar 26, 2025
- Days on Market
- 194
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,124
- Area Total SqFt
- 3124
- Annual Tax Ammount
- 9095
- Lot Size (sq ft)
- 8,800
- Sewer
- Sewer Connected
Property Description
Well-maintained 4-Plex in Auburn. 7.48 Market Cap Rate. Unit 4 is currently occupied with great tenants, all other units have been remodeled and left vacant for viewing. This is a solid, turn-key investment property! Unit 4 remodeled in 2021, all other units remodeled in 2024. New appliances in all; shared coin-op onsite laundry for extra income; newer vinyl windows and exterior paint. All units are 2bed/1bath; 8 parking spaces. High-demand rental conveniently located near shopping, restaurants, and public transit.
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Additional Information
- List Date
- 2024-09-13 00:00:00
- Community
- Auburn
- Net Operating Income
- $78,505
- Gross Adjusted Income
- $90,000
- Gross Scheduled Income
- $90,000
- Total Monthly Income
- $7,495
- Insurance Expenses
- $2,400
- Gross Rent Multiplier
- 11.66
- Total Expenses
- $11,495
- Cap Rate
- 7.48
- Total Number of Units
- 4
- Unit Name
- 2302
- Potential Terms
- Conventional
- Year Built
- 1978
- Roof
- Composition
- Energy Source
- Electric
- School District
- Auburn
- Total Monthly Income
- $7,495
- Gross Scheduled Income
- $90,000
- Gross Adjusted Income
- $90,000
- Tax Year
- 2024
- Insurance Expense
- $2,400
- Total Expenses
- $11,495
- Net Operating Income
- $78,505
- Gross Rent Multiplier
- 11.66
- Cap Rate
- 7.48
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.