Property Details

904 31st Street NE
Auburn, WA 98002
$985,000
MLS# 2522797 courtesy of NWMLS Listing firm: KW Mountains to Sound Realty

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904 31st Street NE, Auburn, WA 98002, Auburn

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Multi-Family
Property Type
3,806
Bldg Sq Ft
4
Units
7.24%
Cap Rate
1984
Year Built

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
Listed By
Brian Manaois
KW Mountains to Sound Realty

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