Property Details

2601 D Street SE
Auburn, WA 98002
$2,650,000
MLS# 2331643 courtesy of NWMLS Listing firm: Windermere Real Estate/PSR Inc

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2601 D Street SE, Auburn, WA 98002, Auburn

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Multi-Family
Property Type
9,024
Bldg Sq Ft
1
Units
6.00%
Cap Rate
1967
Year Built

Property Overview

Price reduced! Investors! Unique opportunity to purchase these 4 triplexes, EACH ON IT'S OWN TAX LOT! Giving you the option to buy with individual, lower-rate residential loans if desired! These one-level units are easy to rent, offer a coin operated laundry facility for extra income, offer lots of parking, have been nicely updated and are located in a great location. Seller financing may be available.

Property Details

Property Information

Property Type Residential Income
Subtype Multi Family
Status Active
County King
Neighborhood South Auburn
Listed Feb 11, 2025
Original Price $2,995,000

Financial Summary

Cap Rate 6.00%
Net Operating Income $159,084
Gross Scheduled Income $223,620
Gross Rent Multiplier 13.40
Total Expenses $64,536

Building & Use

Building Sq Ft 9,024
Leasable Area 9,024 sqft
Total Units 1
Zoning Multi-Family
Possible Use Multi-Family
Lot Size 33,162 sqft
Year Built 1967

Exterior & Lot

Lot Size 0.76 sqft
Year Built 1967
Exterior Materials Wood
Sewer Sewer Connected
Water Source Public
Lot Features Paved
Exterior Features Wood, Wood Products

Location

City Auburn
County King
Coordinates 47.28544, -122.22387

Additional Information

Tax Year 2024
Annual Taxes $29,768
Possession Array
Listed By
William Grover
Windermere Real Estate/PSR Inc

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