3714 D Street SE, Auburn, WA 98801
- $1,815,000
- 12,792
- SqFt
Listing courtesy of The Foundation Group LLC. Selling Office: The Foundation Group LLC.
- Sold Price
- $1,815,000
- List Price
- $1,800,000
- Status
- SOLD
- MLS#
- 2524212
- Closing Date
- Jul 09, 2026
- Days on Market
- 14
- Style
- 56 - 10+ Units
- Building Condition
- Fixer
- Finished SqFt
- 12,792
- Area Total SqFt
- 12792
- Annual Tax Ammount
- 28747
- Lot Size (sq ft)
- 26,494
- Sewer
- Sewer Connected
- Offer Review Date
- 2026-05-27
Property Description
Auburn Oaks Apartments - 12-unit value-add apartment complex. With 10 / 12 units currently vacant, the property offers an ideal opportunity for immediate renovation and repositioning without the typical challenge of tenant displacement. Built in 1985, the property features functional 2 Bed / 1.5 Bath (1,066SqFt) layouts with in-unit W/D, covered parking, fireplaces, balconies/patios, and floor plans well suited for modernization. A buyer may find the opportunity to improve the bathroom mix and open up kitchen/living areas, buyer to verify. Current rents shown are proforma based on projected post-renovation performance.
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Additional Information
- List Date
- 2026-06-25 00:00:00
- Community
- South Auburn
- Net Operating Income
- $199,396
- Gross Adjusted Income
- $287,280
- Gross Scheduled Income
- $302,400
- Total Monthly Income
- $25,200
- Insurance Expenses
- $7,000
- Water/Sewer/Garbage Expenses
- $12,400
- Gross Rent Multiplier
- 6
- Total Expenses
- $87,884
- Cap Rate
- 11
- Vacancy Rate
- 5
- Total Number of Units
- 12
- Unit Name
- 3714
- Potential Terms
- Cash
- Year Built
- 1985
- View
- Territorial
- Roof
- Tile
- Site Features
- Deck, Fenced-Partially
- Electric Expenses
- 5000
- Other Expenses
- 34737
- Energy Source
- Electric
- School District
- Auburn
- Elementary School
- Gildo Rey Elem
- Middle School
- Mt Baker Mid
- High School
- Auburn Riverside Hig
- Total Monthly Income
- $25,200
- Gross Scheduled Income
- $302,400
- Vacancy Rate
- 5
- Gross Adjusted Income
- $287,280
- Tax Year
- 2026
- Insurance Expense
- $7,000
- W/S/G Expenses
- $12,400
- Total Expenses
- $87,884
- Net Operating Income
- $199,396
- Gross Rent Multiplier
- 6
- Cap Rate
- 11
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.