Courtesy of COMPASS
501 21st St SE
Auburn, WA 98002
-- Bed
-- Bath
8,000 Sq Ft
1 Day on Market
For Sale $2,300,000
Get_PreApproved_Property_Details
Save

Listing Agent & Comments

Rachel HarwoodCOMPASS
206-328-7200contractsseattle@compass.com License #23028967
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

MLS# NWM2394373 • Data provided by NWMLS as distributed by MLS Grid
HouseCanary, Inc. Brokerage
Additional home details
Living Area8,000 Sq.Ft.
Lot Size0.9 Acres
Total Rooms--
Bedrooms--
Bathrooms--
Stories1
Year Built1973
Property TypeMultifamily
ZoningR20
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$17,361
Property in Flood Zone--
Basement--
PoolNo
More Information On This Home
This home's estimated value
$2,262,901
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
house

Courtesy of COMPASS

501 21st St SE, Auburn, WA 98002

Multifamily
-- Bed
-- Bath
8,000 Sq Ft
1 Day on Market

Listing Agent & Comments

Rachel HarwoodCOMPASS
206-328-7200contractsseattle@compass.com License #23028967
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

MLS# NWM2394373 • Data provided by NWMLS as distributed by MLS Grid
HouseCanary, Inc. Brokerage
Additional home details
Living Area8,000 Sq.Ft.
Lot Size0.9 Acres
Total Rooms--
Bedrooms--
Bathrooms--
Stories1
Year Built1973
Property TypeMultifamily
ZoningR20
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$17,361
Property in Flood Zone--
Basement--
PoolNo
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $2,300,000
Get_PreApproved_Property_Details
Save
Courtesy of COMPASS
501 21st St SE
Auburn, WA 98002
-- Bed
-- Bath
8,000 Sq Ft
1 Day on Market

Listing Agent & Comments

Rachel HarwoodCOMPASS
206-328-7200contractsseattle@compass.com License #23028967
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

MLS# NWM2394373 • Data provided by NWMLS as distributed by MLS Grid
HouseCanary, Inc. Brokerage
Additional home details
Living Area8,000 Sq.Ft.
Lot Size0.9 Acres
Total Rooms--
Bedrooms--
Bathrooms--
Stories1
Year Built1973
Property TypeMultifamily
ZoningR20
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$17,361
Property in Flood Zone--
Basement--
PoolNo
More Information On This Home
This home's estimated value
$2,262,901
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $2,300,000
Get_PreApproved_Property_Details
Save