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253-691-8561
Terrafin Real Estate
802 21st Street SE, Auburn, WA 98002
- $1,805,000
- 5,920
- SqFt
Listing Broker: COMPASS; Rachel Harwood; ; Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $1,805,000
- List Price
- $2,000,000
- Status
- SOLD
- Closing Date
- Dec 18, 2025
- MLS#
- 2394374
- Subtype
- Residential Income
- Style
- 55 - 5-9 Units
- Year Built
- 1977
- Living Area
- 5,920
- Lot Size
- 41,585
- Acres
- 0.95
- Subdivision
- Auburn
- Neighborhood
- Auburn
- MLS Area Major
- Auburn
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
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Additional Information
- Exterior Features
- Wood
- Property Description
- 55 - 5-9 Units
- Flooring
- Vinyl Plank
- Heating
- Forced Air
- Air Conditioning
- None
- Roof
- Composition
- Garage Spaces
- 7
- School District
- Auburn
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.