Property Details
327 S Street SE
Auburn, WA 98002
$685,000
Pending Inspection
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Property Overview
A wonderful four-plex investment opportunity awaits on this South Auburn dead end street. Owner operator has enjoyed managing this property for the past 26 years. This one-story complex has four total units with three apartments that are one bedroom apartments and one with two bedrooms. The two bedroom unit has recently been vacated and is available for viewing. The 2-bedroom unit has new carpet and interior paint and does have space for a range and refrigerator but buyer will need to supply those appliances. Two units have good sized fenced back yards and two units have smaller fenced areas on the side yard. The building is located close to downtown and property offers ample off-street parking. The complex provides a laundry room, with a coin-op washer and dryer included, as well as a mechanical room. Three long-term, month-to-month tenants have stated they would like to stay. Current tenants paying under market rent so great potential for increased upside. Financial numbers shown in the listing were provided by the owner from 2025 and reflect some vacancy in the 2 bedroom unit. Owner has elected to sell prior to renting out this unit. Building total square footage is 2332 and unit square footage has been estimated and not measured. Priced under tax assessed value! Buyer to verify all information to their own satisfaction.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending Inspection
County
King
Neighborhood
Auburn
Listed
May 4, 2026
Financial Summary
Cap Rate
3.95%
Net Operating Income
$27,026
Gross Scheduled Income
$44,400
Gross Rent Multiplier
15.43
Total Expenses
$14,574
Vacancy Rate
25.0%
Building & Use
Building Sq Ft
2,332
Leasable Area
2,163 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
9,130 sqft
Year Built
1960
Exterior & Lot
Lot Size
0.21 sqft
Year Built
1960
Exterior Materials
Brick, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Dead End Street, Paved
Exterior Features
Brick, Wood
Location
City
Auburn
County
King
Coordinates
47.30515, -122.20641
Additional Information
Tax Year
2025
Annual Taxes
$7,790
Possession
Array
Based on information submitted to the MLS GRID as of May 9, 2026 4:30 AM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
