2826 D Place SE, Auburn, WA 98002
- $999,998
- 3,560
- SqFt
Listing courtesy of COMPASS.
- List Price
- $999,998
- Status
- ACTIVE
- MLS#
- 2473055
- Days on Market
- 179
- 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 location Auburn 4-Plex offering durable cash flow today with meaningful upside ahead. Four identical 2 Bedroom, 1 Bathroom homes are thoughtfully laid out, with two upper residences featuring private decks and two lower residences offering private patios. Each home includes in unit washer and dryer, updated appliances and comfortable living rooms anchored by fireplaces, supporting strong long term tenant demand. Interior improvements have been completed throughout the building, highlighted by a fully renovated Unit D that sets the benchmark for future rent growth. The property provides four covered carport parking spaces plus two additional surface spaces, a valuable amenity in this high demand location. Fully fenced outdoor areas enhance privacy and tenant retention while maintaining easy property management. Rents remain below market, presenting a clear value add opportunity through future lease renewals and continued improvements. Excellent proximity to major freeways allows convenient access throughout the South Sound and greater Seattle corridor. Nearby restaurants, shopping, parks, transit, and everyday services further strengthen tenant appeal and long term occupancy. Tucked slightly off main roads, the setting feels private while remaining minutes from daily conveniences. All units are currently occupied with long term tenants, providing immediate income from day one.
/u.realgeeks.media/pnwcasas/PNWCasas_BLK_Logo.jpg){kind=logo}
Additional Information
- List Date
- 2026-01-28 18:28:13
- Community
- Auburn
- Net Operating Income
- $62,837
- Gross Adjusted Income
- $82,800
- Gross Scheduled Income
- $82,800
- Total Monthly Income
- $6,900
- Insurance Expenses
- $747
- Water/Sewer/Garbage Expenses
- $6,733
- Gross Rent Multiplier
- 16
- Total Expenses
- $19,962
- Cap Rate
- 6.3
- Total Number of Units
- 4
- Unit Name
- 2826
- Potential Terms
- Cash Out, 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
- 3340
- Energy Source
- Electric
- School District
- Auburn
- Elementary School
- Pioneer Elem
- Middle School
- Olympic Mid
- High School
- Auburn Snr High
- Total Monthly Income
- $6,900
- Gross Scheduled Income
- $82,800
- Gross Adjusted Income
- $82,800
- Tax Year
- 2025
- Insurance Expense
- $747
- W/S/G Expenses
- $6,733
- Total Expenses
- $19,962
- Net Operating Income
- $62,837
- Gross Rent Multiplier
- 16
- Cap Rate
- 6.3
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.