425 H Street NE, Auburn, WA 98002
- $1,200,000
- 3,250
- SqFt
Listing courtesy of Horizon Real Estate.
- List Price
- $1,200,000
- Status
- ACTIVE
- MLS#
- 2425323
- Days on Market
- 334
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 3,250
- Area Total SqFt
- 3250
- Annual Tax Ammount
- 10691
- Lot Size (sq ft)
- 15,500
- Sewer
- Sewer Connected
Property Description
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!
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Additional Information
- List Date
- 2025-08-26 22:10:23
- Community
- Auburn
- Net Operating Income
- $75,849
- Gross Adjusted Income
- $101,460
- Gross Scheduled Income
- $106,800
- Total Monthly Income
- $7,600
- Insurance Expenses
- $2,714
- Water/Sewer/Garbage Expenses
- $11,655
- Gross Rent Multiplier
- 11.24
- Total Expenses
- $25,610
- Cap Rate
- 6.32
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 425
- Potential Terms
- Cash, Conventional
- Year Built
- 1958
- View
- Territorial
- Roof
- Torch Down
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet, Patio, RV Parking
- Electric Expenses
- 550
- Energy Source
- Electric
- School District
- Auburn
- Elementary School
- Washington Elementary
- Middle School
- Cascade Mid
- High School
- Auburn Snr High
- Total Monthly Income
- $7,600
- Gross Scheduled Income
- $106,800
- Vacancy Rate
- 5
- Gross Adjusted Income
- $101,460
- Tax Year
- 2025
- Insurance Expense
- $2,714
- W/S/G Expenses
- $11,655
- Total Expenses
- $25,610
- Net Operating Income
- $75,849
- Gross Rent Multiplier
- 11.24
- Cap Rate
- 6.32
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.