Property Details
3714 D Street SE
Auburn, WA 98801
$1,800,000
Active
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Property Overview
Auburn Oaks Apartments – 12-unit value-add apartment complex. With 10 / 12 units currently vacant, the property offers an ideal opportunity for immediate renovation and repositioning without the typical challenge of tenant displacement. Built in 1985, the property features functional 2 Bed / 1.5 Bath (1,066SqFt) layouts with in-unit W/D, covered parking, fireplaces, balconies/patios, and floor plans well suited for modernization. A buyer may find the opportunity to improve the bathroom mix and open up kitchen/living areas, buyer to verify. Current rents shown are proforma based on projected post-renovation performance.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
South Auburn
Listed
May 14, 2026
Financial Summary
Cap Rate
11.00%
Net Operating Income
$199,396
Gross Scheduled Income
$302,400
Gross Rent Multiplier
6.00
Total Expenses
$87,884
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
12,792
Leasable Area
12,792 sqft
Total Units
12
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
26,493 sqft
Year Built
1985
Exterior & Lot
Lot Size
0.61 sqft
Year Built
1985
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Community
Lot Features
Paved, Sidewalk
Exterior Features
Wood, Wood Products
Location
City
Auburn
County
King
Coordinates
47.27487, -122.22359
Additional Information
Tax Year
2026
Annual Taxes
$28,747
Possession
Array
Based on information submitted to the MLS GRID as of May 15, 2026 12:30 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.
