306 2nd ST NE, Auburn, WA 98002
- $989,000
Listing courtesy of Torre Realty.
- List Price
- $989,000
- Status
- ACTIVE
- MLS#
- 2391346
- Price Change
- ▼ $6,000 1782016507
- Days on Market
- 409
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Annual Tax Ammount
- 6607
- Lot Size (sq ft)
- 6,608
- Sewer
- Sewer Connected
Property Description
Turn-key 5 unit rental property in the heart of Auburn! This fully rented investment property is walking distance to Main Street with all the shops, restaurants and public transportation. The building has a brand new roof and siding, and all units have been recently updated—no major work needed. 100% occupancy with zero vacancies and a waitlist. Some tenants have been here for over 7 years and would love to stay. There’s off-street parking in back for up to 6 cars, plus an on-site coin-op laundry room that brings in an extra $200/month. This is a solid, low-maintenance rental property in a great location with strong tenant demand. Ready to go from day one.
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Additional Information
- List Date
- 2025-06-12 23:43:11
- Community
- Auburn
- Net Operating Income
- $33,784
- Gross Adjusted Income
- $66,303
- Gross Scheduled Income
- $66,303
- Total Monthly Income
- $5,545
- Insurance Expenses
- $1,570
- Water/Sewer/Garbage Expenses
- $1,500
- Gross Rent Multiplier
- 16.44
- Total Expenses
- $32,519
- Cap Rate
- 3
- Total Number of Units
- 5
- Unit Name
- 306
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Year Built
- 1922
- Roof
- Composition
- Electric Expenses
- 1000
- Other Expenses
- 20292
- Energy Source
- Electric, Natural Gas
- School District
- Auburn
- Elementary School
- Washington Elementary
- Middle School
- Cascade Mid
- High School
- Auburn Snr High
- Total Monthly Income
- $5,545
- Gross Scheduled Income
- $66,303
- Gross Adjusted Income
- $66,303
- Tax Year
- 2024
- Insurance Expense
- $1,570
- W/S/G Expenses
- $1,500
- Total Expenses
- $32,519
- Net Operating Income
- $33,784
- Gross Rent Multiplier
- 16.44
- Cap Rate
- 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.