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$1,200,000
2425323 MLS ⋅ ACTIVE Status
Centrally located near schools, shopping & transit, this well-kept 6-unit complex features 1 bed/1 bath units (541 sq. ft.), each updated on turnover. $50K+ in recent renovations including new electrical panels. Extra income from on-site coin-op laundry. Each unit includes its own covered parking, plus plenty additional parking on the property. Strong rental history with low vacancy. Fully occupied. Long-term tenants are month-to-month and eager to stay. Large lot with expansion potential (buyer to verify). Whether you’re just starting out or growing your portfolio, this rare Auburn 6-plex offers stability, upside, and lasting returns. Sold as is!

425 H Street NE, Auburn

Listing courtesy of Horizon Real Estate.

$1,805,000
2394374 MLS ⋅ SOLD Status
7-unit multifamily property offering strong current income and long-term potential. Each spacious 2BD/1BA unit has been renovated with luxury vinyl plank flooring, stainless steel appliances, and updated fixtures. Major capital improvements—including new roofs, furnaces, and water heaters—eliminate deferred maintenance. Tenants enjoy in-unit laundry, private garages, and fully fenced private backyards. Ideally located between Seattle and Tacoma, close to walkable schools, transit, and major employers. The Kent/Auburn submarket saw 95.3% occupancy in Q1 2025 and is projected for effective rent increases of 4.2% through 2025. Offers a true 6.8% cap rate with potential for income growth. Optional portfolio sale w/ nearby 8-unit MLS#2394373

802 21st Street SE, Auburn

Listing courtesy of COMPASS. Selling Office: ZNonMember-Office-MLS.

$2,070,000
2394373 MLS ⋅ SOLD Status
Turnkey 8-unit multifamily investment with strong returns and future upside. Each spacious 2BD/1BA unit has been extensively renovated with luxury vinyl plank flooring, stainless steel appliances, and updated fixtures. Major capital improvements—including new roofs, furnaces, and water heaters—eliminate deferred maintenance. Tenants enjoy private garages, in-unit laundry, and large shared fenced yards. Ideally located between Seattle and Tacoma, close to walkable schools, transit, and major employers. The Kent/Auburn submarket saw 95.3% occupancy in the Q1 2025 and is projected for effective rent increases of 4.2% through 2025. Offers a true 7.3% cap rate with potential for income growth. Optional portfolio sale w/ nearby 7-unit MLS#2394374

501 21st Street SE, Auburn

Listing courtesy of COMPASS. Selling Office: ZNonMember-Office-MLS.

$1,050,000
2212579 MLS ⋅ SOLD Status
Penny Lane Apartments offered for the first time since its construction. Located in DT Auburn, well-maintained & consists of two 2-story buildings. One being a duplex & another a triplex; consisting of three 2BD/1BTH units & two 2BD/1.5BTH townhomes ranging between 915-1240SF. Units feature all kitchen applncs, baseboard heating, patio/balconies, vinyl & carpet flooring, washer/dryer hook ups, attached garages along with some having additional off street parking. Both buildings are comprised of asphalt shingle roofs which were replaced in 2007, aluminum siding & vinyl windows. A new owner will benefit from the multitude of options in increasing the income at Penny Lane based off their operational strategy. Don't miss this great opportunity!

514 8th Street NE, Auburn

Listing courtesy of John L. Scott, Inc. Selling Office: ZNonMember-Office-MLS.

$1,175,000
2150125 MLS ⋅ SOLD Status
5 total units including 3 spacious 3 bedroom 1.5 bath 1100 sq ft townhomes and 2 large 750 sq ft units with 1 bedroom 1 bath. 4 long term tenants. $9,300 per month gross income. Owner financing available. 15% down 6.5% amortized over 30 years with a 5 year call.

223 17th Street SE, Auburn

Listing courtesy of Better Homes and Gardens RE PC. Selling Office: Keller Williams Greater Seattl.

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