Property Details
417 22nd Street SE
Auburn, WA 98002
$799,999
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Property Overview
Versatile single-story fourplex offering an excellent opportunity for investors and owner-occupants. The property includes two 1-bedroom units and two 2-bedroom units, with all four residences renovated within the last several years. Updates include modern appliances, durable LVP flooring, and refreshed interiors. Each unit also includes dedicated storage, while the two-bedroom units feature a 920sq ft covered carport parking with 4 storage units. A secure shared laundry room is conveniently located beneath the carport. Three units are currently occupied by long-term tenants, providing immediate rental income. The fourth unit has been freshly renovated and is vacant, ideal for an owner looking to live onsite while offsetting expenses or for an investor ready to place another tenant and maximize cash flow. This property was made for house hacking and NO HOA!! Conveniently located near Downtown Auburn, shopping, dining, transit, and Highway 18 for easy commuting.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
South Auburn
Listed
Jul 24, 2026
Structure Type
Quadruplex
Parcel Number
1921059319
Tax & HOA
Annual Property Tax
$6,334 (2025)
Est. Monthly Tax
$528/mo
Financial Summary
Cap Rate
7.51%
Net Operating Income
$60,064
Gross Scheduled Income
$76,500
Gross Rent Multiplier
10.46
Total Expenses
$14,141
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
2,352
Leasable Area
2,352 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
10,028 sqft
Year Built
1978
Exterior & Lot
Lot Size
0.23 sqft
Year Built
1978
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Curbs, Paved, Sidewalk
Exterior Features
Wood, Wood Products
Community & Access
Directions
From Hwy 18, take the WA-164/Auburn Way S exit. Head south, right on 21st St SE, right on D St SE, then left on 22nd St SE. Property is on the left.
Location
City
Auburn
County
King
Coordinates
47.28883, -122.22322
Additional Information
Tax Year
2025
Annual Taxes
$6,334
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 2:21 PM. 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.
