802 21st ST SE Pending Save Request In-Person Tour Request Virtual Tour
Auburn,WA 98002
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 5,920 sqft
Price per Sqft $337
Subdivision Auburn
MLS Listing ID 2394374
Style 55 - 5-9 Units
Bedrooms 2
Year Built 1977
Annual Tax Amount $15,553
Lot Size 0.955 Acres
Property Sub-Type Multi Family
Property Description
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
Location
State WA
County King
Area 310 - Auburn
Interior
Flooring Vinyl Plank
Exterior
Exterior Feature Wood
Amenities Available Cable TV,Fenced-Fully,High Speed Internet
View Y/N No
Roof Type Composition
Building
Lot Description Paved,Sidewalk
Sewer Sewer Connected
Water Community
New Construction No
Schools
School District Auburn
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional