Courtesy of COMPASS
501 21st St SE
Auburn, WA 98002
-- Bed-- Bath8,000 Sq Ft1 Day on Market
Listing Agent & Comments
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
Living Area | 8,000 Sq.Ft. |
---|---|
Lot Size | 0.9 Acres |
Total Rooms | -- |
Bedrooms | -- |
Bathrooms | -- |
Stories | 1 |
Year Built | 1973 |
Property Type | Multifamily |
Zoning | R20 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $17,361 |
Property in Flood Zone | -- |
Basement | -- |
Pool | No |
Data provided by NWMLS as distributed by MLS Grid.
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
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Courtesy of COMPASS
501 21st St SE, Auburn, WA 98002
Multifamily-- Bed-- Bath8,000 Sq Ft1 Day on Market
Listing Agent & Comments
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
Living Area | 8,000 Sq.Ft. |
---|---|
Lot Size | 0.9 Acres |
Total Rooms | -- |
Bedrooms | -- |
Bathrooms | -- |
Stories | 1 |
Year Built | 1973 |
Property Type | Multifamily |
Zoning | R20 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $17,361 |
Property in Flood Zone | -- |
Basement | -- |
Pool | No |
Data provided by NWMLS as distributed by MLS Grid.
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
Courtesy of COMPASS
501 21st St SE
Auburn, WA 98002
-- Bed-- Bath8,000 Sq Ft1 Day on Market
Listing Agent & Comments
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
Living Area | 8,000 Sq.Ft. |
---|---|
Lot Size | 0.9 Acres |
Total Rooms | -- |
Bedrooms | -- |
Bathrooms | -- |
Stories | 1 |
Year Built | 1973 |
Property Type | Multifamily |
Zoning | R20 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $17,361 |
Property in Flood Zone | -- |
Basement | -- |
Pool | No |
Data provided by NWMLS as distributed by MLS Grid.
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