327 S Street SE, Auburn, WA 98002
- $725,000
- 2,332
- SqFt
Listing courtesy of SASH Realty. Selling Office: Inspire Realty.
- Sold Price
- $725,000
- List Price
- $685,000
- Status
- SOLD
- MLS#
- 2517137
- Closing Date
- Jun 24, 2026
- Days on Market
- 4
- Style
- 54 - 4-Plex
- Finished SqFt
- 2,332
- Area Total SqFt
- 2332
- Annual Tax Ammount
- 7790
- Lot Size (sq ft)
- 9,132
- Sewer
- Sewer Connected
Property Description
A wonderful four-plex investment opportunity awaits on this South Auburn dead end street. Owner operator has enjoyed managing this property for the past 26 years. This one-story complex has four total units with three apartments that are one bedroom apartments and one with two bedrooms. The two bedroom unit has recently been vacated and is available for viewing. The 2-bedroom unit has new carpet and interior paint and does have space for a range and refrigerator but buyer will need to supply those appliances. Two units have good sized fenced back yards and two units have smaller fenced areas on the side yard. The building is located close to downtown and property offers ample off-street parking. The complex provides a laundry room, with a coin-op washer and dryer included, as well as a mechanical room. Three long-term, month-to-month tenants have stated they would like to stay. Current tenants paying under market rent so great potential for increased upside. Financial numbers shown in the listing were provided by the owner from 2025 and reflect some vacancy in the 2 bedroom unit. Owner has elected to sell prior to renting out this unit. Building total square footage is 2332 and unit square footage has been estimated and not measured. Priced under tax assessed value! Buyer to verify all information to their own satisfaction.
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Additional Information
- List Date
- 2026-06-20 00:00:00
- Community
- Auburn
- Net Operating Income
- $27,026
- Gross Adjusted Income
- $41,600
- Gross Scheduled Income
- $44,400
- Total Monthly Income
- $41,600
- Insurance Expenses
- $3,255
- Water/Sewer/Garbage Expenses
- $3,423
- Gross Rent Multiplier
- 15.43
- Total Expenses
- $14,574
- Cap Rate
- 3.95
- Vacancy Rate
- 25
- Total Number of Units
- 4
- Unit Name
- 327
- Potential Terms
- Cash, Conventional
- Year Built
- 1960
- Roof
- Composition
- Site Features
- Fenced-Partially, Gas Available
- Other Expenses
- 106
- Energy Source
- Natural Gas
- School District
- Auburn
- Total Monthly Income
- $41,600
- Gross Scheduled Income
- $44,400
- Vacancy Rate
- 25
- Gross Adjusted Income
- $41,600
- Tax Year
- 2025
- Insurance Expense
- $3,255
- W/S/G Expenses
- $3,423
- Total Expenses
- $14,574
- Net Operating Income
- $27,026
- Gross Rent Multiplier
- 15.43
- Cap Rate
- 3.95
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.