2944 O Street SE, Auburn, WA 98002
- $890,000
- 3,100
- SqFt
Listing courtesy of Real Broker LLC. Selling Office: Skyline Properties, Inc..
- Sold Price
- $890,000
- List Price
- $899,000
- Status
- SOLD
- MLS#
- 2463026
- Closing Date
- Feb 02, 2026
- Days on Market
- 58
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,100
- Area Total SqFt
- 3100
- Annual Tax Ammount
- 8053
- Lot Size (sq ft)
- 8,801
- Sewer
- Sewer Connected
Property Description
Solid, turn-key fourplex in Auburn. Well maintained w/ major improvements completed in the last 12 months, including new roof, windows, exterior paint & interiors. 6% Cap Rate- Ideal for both investors & owner-occupants looking to house hack. Units are all 2bed/1bath; upper units offer balconies; lower units include fenced yards. Shared coin-op laundry provides additional income & tenant convenience. Fully occupied w/ great tenants (two in leases, two month-to-month)—current rents are below market, allowing for rent increases & added upside. Sits on a large lot that may allow for additional unit(s)/DADU (buyer to verify). Conveniently located near shopping, schools, & transit, this is a high-demand rental w/ long-term growth potential.
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Additional Information
- List Date
- 2025-12-06 00:00:00
- Community
- Auburn
- Net Operating Income
- $54,266
- Gross Adjusted Income
- $71,518
- Gross Scheduled Income
- $72,226
- Total Monthly Income
- $6,018
- Insurance Expenses
- $1,800
- Water/Sewer/Garbage Expenses
- $5,799
- Gross Rent Multiplier
- 12
- Total Expenses
- $17,252
- Cap Rate
- 6
- Vacancy Rate
- 1
- Total Number of Units
- 4
- Unit Name
- 2944
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1983
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Fully, Fenced-Partially
- Electric Expenses
- 547
- Other Expenses
- 1053
- Energy Source
- Electric
- School District
- Auburn
- Total Monthly Income
- $6,018
- Gross Scheduled Income
- $72,226
- Vacancy Rate
- 1
- Gross Adjusted Income
- $71,518
- Tax Year
- 2025
- Insurance Expense
- $1,800
- W/S/G Expenses
- $5,799
- Total Expenses
- $17,252
- Net Operating Income
- $54,266
- Gross Rent Multiplier
- 12
- Cap Rate
- 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.