Property Details
904 31st Street NE
Auburn, WA 98002
$985,000
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Property Overview
Exceptional investment opportunity in the heart of North Auburn. This well-maintained 4-plex sits on a spacious third-acre lot & offers the flexibility today’s buyers are looking for. Ideal for the seasoned investor expanding a portfolio, the first-time multifamily buyer, or the savvy owner-occupant interested in house hacking while building long-term wealth. Each spacious unit features 2 bedrooms, 1 bath, and an inviting great room layout designed for comfortable everyday living. Bright interiors, generous windows, & open living spaces create a welcoming feel tenants will appreciate, while private patios or decks extend the living experience. Functional kitchens w/ abundant cabinetry & storage make daily living easy & efficient. Tenants will enjoy the added value & everyday convenience of having their own private garage and in-unit laundry facilities, helping save money on storage and off-site laundry costs while adding comfort and practicality to daily life. The expansive lot also provides extra parking, flexibility, & room to breathe that is hard to find in multifamily properties. Conveniently located near shopping, dining, healthcare, schools, & major commuting routes, this property offers strong long-term appeal for both tenants & investors alike. With approximately 3,806 square feet, no HOA, and an attractive combination of space, functionality, and location, this is an outstanding opportunity to own a versatile income-producing property with lasting value.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Green River
Listed
May 14, 2026
Financial Summary
Cap Rate
7.24%
Net Operating Income
$64,159
Gross Scheduled Income
$87,000
Gross Rent Multiplier
10.17
Total Expenses
$22,841
Building & Use
Building Sq Ft
3,806
Leasable Area
3,806 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
13,321 sqft
Year Built
1984
Exterior & Lot
Lot Size
0.31 sqft
Year Built
1984
Garage
4 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved
Exterior Features
Wood, Wood Products
Location
City
Auburn
County
King
Coordinates
47.33464, -122.21855
Additional Information
Tax Year
2026
Annual Taxes
$11,019
Possession
Array
