Auburn, WA 98001 4950 S 298th
$675,000
4 more
Presented By: Skyline Properties, Inc. and NWMLS
- MLS# 2387877
- 06/03/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
Home Details
Prime Development Opportunity! Approved permits in hand for an 8-unit multifamily project featuring thoughtfully designed 1-bedroom, 1-bath units perfect for strong rental demand. Sale is for land only. Located in a thriving neighborhood with excellent access to amenities, transit, and major highways. Offering a flexible turnkey solution for developers or investors. This fully permitted project is ready for immediate groundbreaking, with potential to convert the units into condos and sell individually—maximizing your investment options in a high-demand market!
Presented By: Skyline Properties, Inc. and NWMLS
Interior Features for 4950 S 298th
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Power Production TypeSee Remarks
Total Fireplaces
Total Stories2
General for 4950 S 298th
Building Area UnitsSquare Feet
Cap Rate
Carport Spaces
Carport Y/NNo
CityAuburn
CoolingOther See Remarks
CountyKing
DirectionsFrom South 288th Street go south on 51st Ave S. West on S 298th Street. Property is right after the fire station.
Electric Expense
Fuel Expense
HOANo
HOA Fee$
HeatingOther See Remarks
High School DistrictFederal Way
Insurance Expense
Leasable Area9754
Listing TermsCash Out, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet103672
Lot Size UnitsSquare Feet
MLS Area100 – Jovita/West Hill
ModificationTimestamp2025-06-26T18:28:14.945Z
NWM_ShowMapLinkY
Net Operating Income0
New ConstructionYes
Number Of Units Total8
Open Parking Spaces0
PossessionClosing
Possible UseMulti-Family
Property Style55 – 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksPrime Development Opportunity! Approved permits in hand for an 8-unit multifamily project featuring thoughtfully designed 1-bedroom, 1-bath units perfect for strong rental demand. Sale is for land onl
RoofSee Remarks
Senior Community Y/NNo
SewerAvailable
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameAuburn
Tax Annual Amount0
Tax Year2025
Units Below Gradefalse
Water Sewer Garbage0
Year Built2025
Zoning DescriptionMulti-Family
Exterior for 4950 S 298th
Building Area Total
Covered Spaces
Exterior AmenitiesSee Remarks
Irrigation Water Rights Y/NNo
Lot Size Acres2.38
Parking Uncovered Spaces0
Total Parking0
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®