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Provided by NWMLS, Listed by Marius ion, 425-242-6440 at COMPASS
Marius Ion

2826 D Place SE

$949,998 2826 D Place SE, Auburn, WA 98002
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.
  • Pending
    Status
  • 1985
    Year Built
  • 3,560 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: Pending
  • Living Space: 3,560 Sq.Ft.
  • Total Area: 3,560 Sq.Ft.
  • Lot Size: 8,712 Sq.Ft.
  • MLS® ID: 2574331
  • Type: Multi-Family
  • Year Built: 1985
  • View Description: Territorial
  • Elementary School:Pioneer Elem
  • Middle School: Olympic Mid
  • High School: Auburn Snr High
  • School District: Auburn

Interior

  • Flooring: Laminate, Vinyl, Carpet

Exterior & Building

  • Stories: 2
  • Water Source: Public
  • Roof: Tile
  • Lot Features: Cul-De-Sac, Dead End Street, Paved, Sidewalk
  • Heat Type: Baseboard
  • Air Conditioning: None
  • Sewer: Sewer Connected
  • Substructure: Poured Concrete
  • Security Features: Fully Fenced
  • Other Exterior Features: Wood

Financial

  • Sales Price: $949,998
  • Real Estate Tax: $9,141/yr

2826 D Place SE

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