3834 D Place SE, Auburn, WA 98002
- $1,020,000
Listing courtesy of Northmarq Multifamily, LLC. Selling Office: Better Properties - Metro.
- Sold Price
- $1,020,000
- List Price
- $1,095,000
- Status
- SOLD
- MLS#
- 2397211
- Closing Date
- Oct 03, 2025
- Days on Market
- 55
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Annual Tax Ammount
- 8674
- Lot Size (sq ft)
- 9,603
- Sewer
- Sewer Connected
Property Description
We are pleased to present D Place Apartments, a well-maintained MF asset located in Auburn, WA. Built in 1981 and recently updated, this 4-unit property features 2-BD / 1-BTH units, each 940SF with full size W/D. The property offers a compelling investment opportunity with immediate cash flow and additional upside through rent growth. All units have undergone interior renovations, including SS appliances, LVP flooring, refaced cabinetry, updated lighting fixtures, and modern bathroom vanities. Each unit also includes a private patio or balcony and a fireplace. A new roof was installed in 2017. This is a rare opportunity to acquire a stabilized property with additional upside potential—rents are estimated to be 10% below market.
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Additional Information
- List Date
- 2025-08-09 00:00:00
- Community
- Auburn
- Net Operating Income
- $69,490
- Gross Adjusted Income
- $89,406
- Gross Scheduled Income
- $93,780
- Total Monthly Income
- $7,815
- Insurance Expenses
- $2,951
- Water/Sewer/Garbage Expenses
- $8,291
- Gross Rent Multiplier
- 12.52
- Total Expenses
- $19,916
- Cap Rate
- 6.35
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 3834
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1981
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, Patio
- Energy Source
- Electric
- School District
- Auburn
- Total Monthly Income
- $7,815
- Gross Scheduled Income
- $93,780
- Vacancy Rate
- 5
- Gross Adjusted Income
- $89,406
- Tax Year
- 2025
- Insurance Expense
- $2,951
- W/S/G Expenses
- $8,291
- Total Expenses
- $19,916
- Net Operating Income
- $69,490
- Gross Rent Multiplier
- 12.52
- Cap Rate
- 6.35
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.