Well-maintained 4-Plex in Auburn. 7.14% Market Cap Rate. Unit 4 is currently occupied with great tenants, all other units have been remodeled and left vacant for viewing. This is a solid, turn-key investment property! Unit 4 remodeled in 2021, all other units remodeled in 2024. New appliances in all; shared coin-op onsite laundry for extra income; newer vinyl windows and exterior paint. All units are 2bed/1bath; 8 parking spaces. High-demand rental conveniently located near shopping, restaurants, and public transit.
Property Features
Bedrooms
- Bedrooms: 3
- Bedrooms Possible: 3
- Bedrooms On Main Level: 3
- Bedroom 1 Level: Main
- Bedroom 2 Level: Main
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Bathrooms On Main Level: 1
- Full Bathrooms On Main Level: 1
- Bathroom 1 Level: Main
Interior Features
- Laminate Hardwood
- Water Heater
- Flooring: Laminate Hardwood
Appliances
- Dishwasher(s)
- Dryer(s)
- Refrigerator(s)
- Stove(s)/Range(s)
- Washer(s)
Heating and Cooling
- Fireplace Features: Electric
- Heating Features: Baseboard, Radiant
- Heating Fuel: Electric
- Heating: Yes
- Water Heaters: Electric
Other Rooms
Exterior and Lot Features
Land Info
- Land Lease: No
- Lot Description: Curbs, Paved Street, Sidewalk
- Lot Size Acres: 0.2020202
- Lot Size Dimensions: 60 x 146
- Topography: Level
- Lot Size Square Feet: 8800
Garage and Parking
- Parking Features: Driveway Parking
School Information
- Elementary School: Buyer To Verify
- High School: Buyer To Verify
- High School District: Auburn
- Middle School: Buyer To Verify
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Other Property Info
- Annual Tax Amount: 9095
- Source Listing Status: Active
- Country Region: US
- County: King
- Directions: From Auburn Way N turn east on 22nd St NE to I St. Go north, property on east side of street.
- Tax Year: 2024
- Distance To Bus Comments: true
- Source Property Type: Residential
- Inclusions: Dishwasher(s), Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Area: 310 - Auburn
- List Development Name: Auburn
- Source Neighborhood: Auburn
- Parcel Number: 5125400450
- Street Suffix Modifier: Street
- Subdivision: Auburn
- Zoning Description: R20
- Source System Name: C2C
- Buyer Agent Commission: 2.5
Building and Construction
- Total Square Feet Living: 3124
- Building Area Total: 3124
- Building Area Units: Square Feet
- Building Features: Built On Lot
- Direction Faces: South
- Entry Location: Main
- Foundation Details: Poured Concrete
- Levels: Two
- Living Area Units: Square Feet
- Property Age: 46
- Property Condition: Good
- Roof: Composition
- Structure Type: House
- House Style: 2 Story
- Elevation Units: Feet
- Year Built Effective: 2024
Utilities
- Power Production Type: Electric
- Sewer: Sewer Connected
- Water Source: Public
