Auburn, WA 98002 802 21st Street SE
$2,000,000
Pending
22 more
Presented By: COMPASS and NWMLS
- MLS# 2394374
- 07/09/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 5,920
Home Details
7-unit multifamily property offering strong current income and long-term potential. Each spacious 2BD/1BA unit has been renovated with luxury vinyl plank flooring, stainless steel appliances, and updated fixtures. Major capital improvements—including new roofs, furnaces, and water heaters—eliminate deferred maintenance. Tenants enjoy in-unit laundry, private garages, and fully fenced private backyards. Ideally located between Seattle and Tacoma, close to walkable schools, transit, and major employers. The Kent/Auburn submarket saw 95.3% occupancy in Q1 2025 and is projected for effective rent increases of 4.2% through 2025. Offers a true 6.8% cap rate with potential for income growth. Optional portfolio sale w/ nearby 8-unit MLS#2394373
Presented By: COMPASS and NWMLS
Interior Features for 802 21st Street SE
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl Plank
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces
Total Stories1
General for 802 21st Street SE
Building Area UnitsSquare Feet
Cap Rate6.78
Carport Spaces
Carport Y/NNo
CityAuburn
CoolingNone
CountyKing
DirectionsHarvey road becomes M St, turn right onto 21st St SE, Complex on the left
Electric Expense3495
Fuel Expense3495
HOANo
HOA Fee$
HeatingForced Air
High School DistrictAuburn
Insurance Expense4411
Leasable Area5915
Listing TermsCash Out, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet41585
Lot Size UnitsSquare Feet
MLS Area310 – Auburn
ModificationTimestamp2025-08-04T20:54:11.184Z
NWM_ShowMapLinkY
Net Operating Income135599
New ConstructionNo
Number Of Units Total1
Open Parking Spaces12
PossessionClosing
Possible UseMulti-Family
Property Style55 – 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public Remarks7-unit multifamily property offering strong current income and long-term potential. Each spacious 2BD/1BA unit has been renovated with luxury vinyl plank flooring, stainless steel appliances, and updat
RoofComposition
Security FeaturesFully Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending
Structure TypeMulti Family
Subdivision NameAuburn
Tax Annual Amount15553
Tax Year2025
Units Below Gradefalse
Units In Building Total7
Water Sewer Garbage3496
Year Built1977
Zoning DescriptionMulti-Family
Exterior for 802 21st Street SE
Building Area Total5920
Covered Spaces7
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesPaved, Sidewalk
Lot Size Acres0.9547
Parking Uncovered Spaces12
Site FeaturesCable TV, Fenced-Fully, High Speed Internet
Total Parking19
Water SourceCommunity
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®