Auburn, WA 98002 429 37th Street SE
$1,035,000
16 more
Presented By: COMPASS and NWMLS
- MLS# 2436608
- 09/25/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 4,064
Home Details
Prime 4-unit multifamily property in Auburn, WA, featuring spacious 2-bed, 1.5-bath units, each 1,016 SF, with large back patios and secure storage. Boasting a 6.25% cap rate, with a projected increase to 6.33% by Dec 1, 2025, due to scheduled rent increases. W/D hookups, extra storage unit on back patios, Newly painted in Sept 2025 with durable metal roofs for low maintenance. Ideal location near Seattle-Tacoma amenities. Perfect for owner occupied investors as one unit is vacant.
Presented By: COMPASS and NWMLS
Interior Features for 429 37th Street SE
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 429 37th Street SE
Building Area UnitsSquare Feet
Cap Rate6.25
Carport Spaces
Carport Y/NNo
CityAuburn
CoolingNone
CountyKing
DirectionsGPS
Electric Expense
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard, Forced Air
High School DistrictAuburn
Insurance Expense2000
Leasable Area4064
Listing TermsCash Out, Conventional
Lot Size Square Feet9450
Lot Size UnitsSquare Feet
MLS Area310 – Auburn
ModificationTimestamp2025-09-25T18:55:12.192Z
NWM_ShowMapLinkY
Net Operating Income64643
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 6.25% 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
Water Sewer Garbage5815
Year Built1980
Exterior for 429 37th Street SE
Building Area Total4064
Covered Spaces
Exterior AmenitiesWood Products
Irrigation Water Rights Y/NNo
Lot Size Acres0.2169
Parking Uncovered Spaces8
Total Parking8
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
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