Auburn, WA 98002 501 37th Street SE
$1,100,000
24 more
Presented By: COMPASS and NWMLS
- MLS# 2436601
- 09/25/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 4,064
Home Details
Prime 4-unit multifamily property in Auburn, WA, featuring spacious 2-bed, 1.5-bath units, each 1,016 SF, with large back patios and secure storage. Boasting a 5.49% cap rate, with a projected increase to 5.91% by Dec 1, 2025, due to scheduled rent increases. W/D hookups, extra storage unit on back patios, Newly painted in Sept 2025 with durable metal roofs for low maintenance. Ideal location near Seattle-Tacoma amenities. Seller financing available. All units are fully occupied.
Presented By: COMPASS and NWMLS
Interior Features for 501 37th Street SE
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 501 37th Street SE
Building Area UnitsSquare Feet
Cap Rate5.49
Carport Spaces
Carport Y/NNo
CityAuburn
CoolingNone
CountyKing
DirectionsUse GPS
Electric Expense
Fuel Expense
HOANo
HOA Fee$
HeatingForced Air
High School DistrictAuburn
Insurance Expense2000
Leasable Area4064
Listing TermsCash Out, Conventional, FHA, Owner Financing
Lot Size Square Feet9450
Lot Size UnitsSquare Feet
MLS Area310 – Auburn
ModificationTimestamp2025-09-25T21:43:14.369Z
NWM_ShowMapLinkY
Net Operating Income60368
New ConstructionNo
Number Of Units Total4
Open Parking Spaces8
PossessionClosing, Subject to Tenant Rights
Possible UseMulti-Family
Property Style54 – 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksPrime 4-unit multifamily property in Auburn, WA, featuring spacious 2-bed, 1.5-bath units, each 1, 016 SF, with large back patios and secure storage. Boasting a 5.49% cap rate, with a projected increase to
RoofMetal
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NameAuburn
Tax Annual Amount9052
Tax Year2025
Units Below Gradefalse
Units In Building Total4
ViewTerritorial
Water Sewer Garbage5815
Year Built1980
Zoning DescriptionMulti-Family
Exterior for 501 37th Street SE
Building Area Total4064
Covered Spaces
Exterior AmenitiesWood Products
Irrigation Water Rights Y/NNo
Lot FeaturesPaved, Sidewalk
Lot Size Acres0.2169
Parking Uncovered Spaces8
Total Parking8
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
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