Auburn, WA 98002 421 37th Street SE

$1,035,000

421 37th Street SE Auburn, WA - Image 1421 37th Street SE Auburn, WA - Image 2421 37th Street SE Auburn, WA - Image 3
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421 37th Street SE Auburn, WA - Image 4421 37th Street SE Auburn, WA - Image 5421 37th Street SE Auburn, WA - Image 6421 37th Street SE Auburn, WA - Image 7421 37th Street SE Auburn, WA - Image 8421 37th Street SE Auburn, WA - Image 9421 37th Street SE Auburn, WA - Image 10421 37th Street SE Auburn, WA - Image 11421 37th Street SE Auburn, WA - Image 12421 37th Street SE Auburn, WA - Image 13421 37th Street SE Auburn, WA - Image 14421 37th Street SE Auburn, WA - Image 15421 37th Street SE Auburn, WA - Image 16421 37th Street SE Auburn, WA - Image 17421 37th Street SE Auburn, WA - Image 18421 37th Street SE Auburn, WA - Image 19421 37th Street SE Auburn, WA - Image 20421 37th Street SE Auburn, WA - Image 21421 37th Street SE Auburn, WA - Image 22421 37th Street SE Auburn, WA - Image 23421 37th Street SE Auburn, WA - Image 24421 37th Street SE Auburn, WA - Image 25421 37th Street SE Auburn, WA - Image 26
Presented By: COMPASS and NWMLS
  • Northwest Multiple Listing Service (NWMLS) - 21 - WA
  • MLS# 2436604
  • 09/25/2025
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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.
  • 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 5.97% cap rate, with a projected increase to 6.24% by Nov 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. All units are fully occupied.
Presented By: COMPASS and NWMLS

Interior Features for 421 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 421 37th Street SE

Building Area UnitsSquare Feet
Cap Rate5.97
Carport Spaces
Carport Y/NNo
CityAuburn
CoolingNone
CountyKing
DirectionsGPS
Electric Expense
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard, Forced Air
High School DistrictAuburn
Insurance Expense2000
Leasable Area4064
Listing TermsCash Out, Conventional
Lot Size Square Feet12240
Lot Size UnitsSquare Feet
MLS Area310 – Auburn
ModificationTimestamp2025-09-25T19:00:12.248Z
NWM_ShowMapLinkY
Net Operating Income61775
New ConstructionNo
Number Of Units Total4
Open Parking Spaces8
PossessionClosing
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 5.97% 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 Amount9354
Tax Year2025
Units Below Gradefalse
Units In Building Total4
Water Sewer Garbage5815
Year Built1980

Exterior for 421 37th Street SE

Building Area Total4064
Covered Spaces
Exterior AmenitiesWood Products
Irrigation Water Rights Y/NNo
Lot Size Acres0.281
Parking Uncovered Spaces8
Total Parking8
Waterfront Y/NNo

Additional Details

Price History

Josh QA1

REALTOR ® SRES ®
Price $1,035,000
MLS#2436604
List Date 09/25/2025
Property Type Multi-Family
Phone 925.123.4567
Get pre-approved
Request Tour
Request Info
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