507 L Street SE, Auburn, WA 98002
- $455,000
- 1,680
- SqFt
Listing courtesy of John L. Scott, Inc. Selling Office: Better Properties NW.
- Sold Price
- $455,000
- List Price
- $480,000
- Status
- SOLD
- MLS#
- 2457435
- Closing Date
- Jan 30, 2026
- Days on Market
- 122
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,680
- Area Total SqFt
- 1680
- Annual Tax Ammount
- 5722
- Lot Size (sq ft)
- 7,663
- Sewer
- Sewer Connected
Property Description
Possibly the best duplex deal in all of Auburn! Don’t miss this outstanding investment opportunity in a quiet South Auburn neighborhood. The 509 unit shines with a full renovation, including fresh paint, new flooring, and a brand-new refrigerator and dishwasher. The kitchen has been tastefully updated with modern cabinets, countertops, a new sink, and faucet. The second unit is occupied by a long-time tenant at $1,650/month, offering immediate, reliable rental income. The property also provides ample parking with convenient covered carport spaces. A rare find and an exceptional opportunity for both investors and owner-occupants!
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Additional Information
- List Date
- 2025-09-30 00:00:00
- Community
- South Auburn
- Net Operating Income
- $25,318
- Gross Adjusted Income
- $25,318
- Gross Scheduled Income
- $43,200
- Total Monthly Income
- $3,600
- Insurance Expenses
- $5,010
- Water/Sewer/Garbage Expenses
- $2,160
- Gross Rent Multiplier
- 12.7
- Total Expenses
- $12,892
- Cap Rate
- 4.6
- Vacancy Rate
- 80
- Total Number of Units
- 2
- Unit Name
- 507
- Potential Terms
- Cash, Conventional
- Year Built
- 1968
- Roof
- Composition
- Site Features
- Fenced-Partially
- Energy Source
- Electric
- School District
- Auburn
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Auburn Snr High
- Total Monthly Income
- $3,600
- Gross Scheduled Income
- $43,200
- Vacancy Rate
- 80
- Gross Adjusted Income
- $25,318
- Tax Year
- 2025
- Insurance Expense
- $5,010
- W/S/G Expenses
- $2,160
- Total Expenses
- $12,892
- Net Operating Income
- $25,318
- Gross Rent Multiplier
- 12.7
- Cap Rate
- 4.6
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.