Auburn, WA 98002 3601 I Street NE
$3,895,000
9 more
Presented By: Lee & Associates Commercial RE and NWMLS
- MLS# 2400905
- 06/30/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 15,780
Home Details
I Street Apartments presents a well-maintained 16-unit community in Auburn, WA, built in 1988 on a 26,875 SF C3-zoned lot between the regional hubs of downtown Auburn and Kent. This strategic location offers strong connectivity via SR-167, access to major employers, retail, transit, and growing economic activity. The unit mix includes spacious 1- and 2-bedroom layouts with in-unit laundry, balconies/patios, and updates in select units. Durable systems, 24 off-street parking stalls, and double-pane windows (2016) enhance operational stability. With strong in-place rents and minimal deferred maintenance, the property offers compelling cash flow and long-term upside via light interior upgrades.
Presented By: Lee & Associates Commercial RE and NWMLS
Interior Features for 3601 I Street NE
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringCeramic Tile, Laminate, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 3601 I Street NE
AmenitiesSee Remarks, Thermal Windows
Building Area UnitsSquare Feet
Cap Rate6.59
Carport Spaces
Carport Y/NNo
CityAuburn
CoolingNone
CountyKing
Directionson the corner of I St NE and 37th St NE
Electric Expense
Energy EfficientThermal Windows
Fuel Expense
HOANo
HOA Fee$
HeatingWall Unit(s)
High School DistrictAuburn
Insurance Expense12624
Leasable Area15780
Listing TermsCash Out, Conventional
Lot Size Square Feet26875
Lot Size UnitsSquare Feet
MLS Area310 – Auburn
ModificationTimestamp2025-08-15T17:50:11.511Z
NWM_ShowMapLinkY
Net Operating Income256812
New ConstructionNo
Number Of Units Total16
Open Parking Spaces24
PossessionClosing, Subject to Tenant Rights
Property Style56 – 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksI Street Apartments presents a well-maintained 16-unit community in Auburn, WA, built in 1988 on a 26, 875 SF C3-zoned lot between the regional hubs of downtown Auburn and Kent. This strategic location
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameAuburn
Tax Annual Amount39208
Tax Year2025
Units Below Gradefalse
Units In Building Total16
Virtual TourClick here
Water Sewer Garbage24704
Year Built1988
Exterior for 3601 I Street NE
Building Area Total15780
Covered Spaces
Exterior AmenitiesMetal/Vinyl
Foundation DetailsSlab
Irrigation Water Rights Y/NNo
Lot FeaturesCorner Lot
Lot Size Acres0.617
Parking Uncovered Spaces24
Total Parking24
Water SourceCommunity
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
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