Auburn, WA 98002 306 2nd ST NE

$999,000

306 2nd ST NE Auburn, WA - Image 1306 2nd ST NE Auburn, WA - Image 2306 2nd ST NE Auburn, WA - Image 3
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Presented By: Torre Realty and NWMLS
  • Northwest Multiple Listing Service (NWMLS) - 21 - WA
  • MLS# 2391346
  • 06/12/2025
  • Get pre-approved
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Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.

Home Details

Turn-key 5 unit rental property in the heart of Auburn! This fully rented investment property is walking distance to Main Street with all the shops, restaurants and public transportation. The building has a brand new roof and siding, and all units have been recently updated—no major work needed. 100% occupancy with zero vacancies and a waitlist. Some tenants have been here for over 7 years and would love to stay. There’s off-street parking in back for up to 6 cars, plus an on-site coin-op laundry room that brings in an extra $200/month. This is a solid, low-maintenance rental property in a great location with strong tenant demand. Ready to go from day one.
Presented By: Torre Realty and NWMLS

Interior Features for 306 2nd ST NE

Bedrooms

Bedrooms Upper

Bathrooms

Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces
Total Stories3

General for 306 2nd ST NE

AmenitiesBasement, Coin Op Laundry, Storage
Building Area UnitsSquare Feet
Cap Rate3
Carport Spaces
Carport Y/NNo
CityAuburn
CoolingNone
CountyKing
DirectionsI-167 to 15th St NE exit, south on Auburn Way N.h to 2nd St NE. Hwy 18, take the Auburn Way North exit, north to 2nd St NE
Electric Expense1000
Elementary SchoolWashington Elementary
Fuel Expense1550
HOANo
HOA Fee$
HeatingBaseboard, Forced Air
High SchoolAuburn Snr High
High School DistrictAuburn
Insurance Expense1570
Leasable Area3890
Listing TermsCash Out, Conventional
Lot Size Square Feet6608
Lot Size UnitsSquare Feet
MLS Area310 – Auburn
Middle/Junior High SchoolCascade Mid
ModificationTimestamp2025-09-12T17:43:10.899Z
NWM_ShowMapLinkY
Net Operating Income33784
New ConstructionNo
Number Of Units Total5
Open Parking Spaces6
PossessionClosing
Possible UseMulti-Family
Property ConditionGood
Property Style54 – 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksTurn-key 5 unit rental property in the heart of Auburn! This fully rented investment property is walking distance to Main Street with all the shops, restaurants and public transportation. The building
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NameAuburn
Tax Annual Amount6607
Tax Year2024
Units Below Gradetrue
Units In Building Total5
Water CompanyCity of Auburn
Water Sewer Garbage1500
Year Built1922
Zoning DescriptionMulti-Family

Exterior for 306 2nd ST NE

Building Area Total
Covered Spaces
Exterior AmenitiesWood, Wood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot Dimensions6608
Lot Size Acres0.1517
Parking Uncovered Spaces6
Total Parking6
Water SourceCommunity
Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School Cascade Mid
High School Auburn Snr High
Elementary School Washington Elementary

Josh QA1

REALTOR ® SRES ®
Price $999,000
MLS#2391346
List Date 06/12/2025
Property Type Multi-Family
Phone 925.123.4567
Get pre-approved
Request Tour
Request Info
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