2826 D Place SE, Auburn, WA 98002
- $949,998
- 3,560
- SqFt
Listing courtesy of COMPASS.
- List Price
- $949,998
- Status
- ACTIVE
- MLS#
- 2574331
- Days on Market
- 182
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,560
- Area Total SqFt
- 3560
- Annual Tax Ammount
- 9141
- Internet Provider
- Multiple
- Lot Size (sq ft)
- 8,712
- Sewer
- Sewer Connected
Property Description
Prime Auburn location with a cap rate over 7%, strong existing rents, and reliable long-term tenants with an opportunity to occupy one of the units and have established rents in the other 3. This well-maintained fourplex offers immediate cash flow with additional upside over time. The building has also recently been repainted on the exterior, enhancing its curb appeal and reducing near-term maintenance for the next owner.Each of the four homes features two bedrooms, one bathroom, in-unit laundry, updated appliances, a fireplace, and a comfortable, functional layout. Both upper residences have been remodeled with attractive modern finishes and include private decks. The two lower residences offer private patios and fenced outdoor areas, providing added privacy and strong tenant appeal.The property also includes four covered carport spaces and two additional surface parking spaces. Conveniently located near major freeways, shopping, restaurants, parks, transit, and everyday services, the property provides easy access throughout the South Sound and greater Seattle area while remaining tucked away from the main road.All four units are currently occupied by established tenants, providing dependable income from day one. With strong rents already in place, two remodeled upper units, a freshly painted exterior, and a cap rate close to 7%, this is a compelling opportunity for investors seeking durable cash flow in a high-demand rental market.
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Additional Information
- List Date
- 2026-02-25 18:58:12
- Community
- Auburn
- Net Operating Income
- $69,419
- Gross Adjusted Income
- $86,040
- Gross Scheduled Income
- $86,040
- Total Monthly Income
- $86,040
- Insurance Expenses
- $747
- Water/Sewer/Garbage Expenses
- $6,733
- Gross Rent Multiplier
- 11.04
- Total Expenses
- $18,821
- Cap Rate
- 7.3
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 2826
- Potential Terms
- Cash, Conventional, FHA, USDA Loan, VA Loan
- Year Built
- 1985
- View
- Territorial
- Roof
- Tile
- Site Features
- Cable TV, Deck, Fenced-Fully, High Speed Internet, Patio
- Other Expenses
- 2200
- Energy Source
- Electric
- School District
- Auburn
- Elementary School
- Pioneer Elem
- Middle School
- Olympic Mid
- High School
- Auburn Snr High
- Total Monthly Income
- $86,040
- Gross Scheduled Income
- $86,040
- Vacancy Rate
- 5
- Gross Adjusted Income
- $86,040
- Tax Year
- 2025
- Insurance Expense
- $747
- W/S/G Expenses
- $6,733
- Total Expenses
- $18,821
- Net Operating Income
- $69,419
- Gross Rent Multiplier
- 11.04
- Cap Rate
- 7.3
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.