501 37th Street SE, Auburn, WA 98002
- $958,000
- 4,064
- SqFt
Listing courtesy of COMPASS. Selling Office: Olaie.
- Sold Price
- $958,000
- List Price
- $1,100,000
- Status
- SOLD
- MLS#
- 2436601
- Closing Date
- Dec 15, 2025
- Days on Market
- 45
- Style
- 54 - 4-Plex
- Finished SqFt
- 4,064
- Area Total SqFt
- 4064
- Annual Tax Ammount
- 9052
- Lot Size (sq ft)
- 9,450
- Sewer
- Sewer Connected
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.
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Additional Information
- List Date
- 2025-10-31 00:00:00
- Community
- Auburn
- Net Operating Income
- $60,368
- Gross Adjusted Income
- $77,235
- Gross Scheduled Income
- $81,300
- Total Monthly Income
- $6,775
- Insurance Expenses
- $2,000
- Water/Sewer/Garbage Expenses
- $5,815
- Gross Rent Multiplier
- 13.53
- Total Expenses
- $16,867
- Cap Rate
- 5.49
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 501
- Potential Terms
- Cash Out, Conventional, FHA, Owner Financing
- Year Built
- 1980
- View
- Territorial
- Roof
- Metal
- Energy Source
- Electric
- School District
- Auburn
- Total Monthly Income
- $6,775
- Gross Scheduled Income
- $81,300
- Vacancy Rate
- 5
- Gross Adjusted Income
- $77,235
- Tax Year
- 2025
- Insurance Expense
- $2,000
- W/S/G Expenses
- $5,815
- Total Expenses
- $16,867
- Net Operating Income
- $60,368
- Gross Rent Multiplier
- 13.53
- Cap Rate
- 5.49
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.