618 5th Street SE, Auburn, WA 98002

$442,500
1,390
SqFt

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Listing courtesy of John L. Scott, Inc. Selling Office: eXp Realty.

Sold Price
$442,500
List Price
$469,950
Status
SOLD
MLS#
2445617
Closing Date
Jan 28, 2026
Days on Market
72
Style
52 - Duplex
Finished SqFt
1,390
Area Total SqFt
1390
Annual Tax Ammount
5276
Lot Size (sq ft)
8,024
Sewer
Sewer Connected

Property Description

Fantastic investment opportunity in a convenient downtown Auburn location! This unique duplex sits on a double lot with alley access & offers potential for improvement & increased value, including possible ADU (buyer to verify). Each unit features 2 bedrooms, 1 bath and its own laundry. Unit A includes a spacious kitchen, full bath, private patio & fully-fenced yard; Unit B offers a bright kitchen, loft-style second bedroom, and large back deck. Both units have fresh interior paint, with all appliances included. The property also provides ample parking including RV space, carport, and driveway parking. This is a great find for investors or owner-occupants close to parks, schools, transit and shopping!

Additional Information

List Date
2025-11-17 00:00:00
Community
Downtown - Auburn
Net Operating Income
$24,418
Gross Adjusted Income
$36,864
Gross Scheduled Income
$36,864
Total Monthly Income
$3,072
Insurance Expenses
$2,202
Water/Sewer/Garbage Expenses
$4,968
Gross Rent Multiplier
12.75
Total Expenses
$12,446
Cap Rate
5.2
Total Number of Units
2
Unit Name
618
Potential Terms
Cash, Conventional
Year Built
1947
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio, RV Parking
Energy Source
Electric
School District
Auburn
Total Monthly Income
$3,072
Gross Scheduled Income
$36,864
Gross Adjusted Income
$36,864
Tax Year
2025
Insurance Expense
$2,202
W/S/G Expenses
$4,968
Total Expenses
$12,446
Net Operating Income
$24,418
Gross Rent Multiplier
12.75
Cap Rate
5.2
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.
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