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Listing courtesy of NWMLS / Homes & Equity Real Estate Grp

1601 4th Street SE

Auburn, WA 98002

– beds
– baths
2,725 sqft
14,810 sqft lot
$300 per sqft
1988 build

Flat four-plex on a 0.34-acre corner lot with a detached four-car garage, offering a 6.5% CAP rate with $5,500 in monthly income and potential to increase to 7.55% ($6,400 monthly) by adjusting two tenant leases. Additional income comes from an on-site coin-operated laundry. Conveniently located near Hwy 18 and 167 for easy access. Each unit features 2 bedrooms, 1 full bath, and refinished hardwood floors, with hardwoods under the current flooring in the bedrooms and living rooms. The open-concept layout includes a fireplace, creating a welcoming space for tenants. The property offers two designated parking spaces in front of each unit, along with a commercial coin washer/dryer for added revenue. A huge backyard.DO NOT CONTACT TENANTS!

Listing courtesy of NWMLS / Homes & Equity Real Estate Grp

Last checked: Checking… • Last updated Nov 16, 2024 •

MLS# 2311322 —

The Building

Year Built:

1958
Year Built:

1988
Year Built Source:

Public Records
New Construction:

false
Structure Type:

Quadruplex
Exterior Features:

Brick
Roof:

Composition
Units In Building Total:

4
Foundation Details:

Poured Concrete
# of Units Total:

4
Stories Total:

1
Building Area Total:

2725
Building Area Units:

Square Feet
Calculated SqFt:

2725
SqFt Source:

Realist
Green Energy Efficient:

Thermal Windows

Interior

Interior Features:

Hardwood, Wall to Wall Carpet
Flooring:

Hardwood, Vinyl, Carpet
Fireplace:

false

Financial & Terms

Possession:

Tenant's Rights

Location

Latitude:

47.304921
Longitude:

-122.207664
Directions:

GPS friendly.

The Property

Property Type:

Residential Income
Property Subtype:

Multi-Family
Property Condition:

Good
Parcel Number:

1721059130
Lot Features:

Paved
Lot Size Units:

Square Feet
Lot Size Acres:

0.34
Lot Size SqFt:

14810
Lot Size Source:

Realist
Zoning Class:

Multi-Family
View:

Territorial
View:

true
Waterfront:

false
Possible Use:

Multi-Family
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

9148

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Baseboard

Utilities

Water Company:

City Of Auburn
Water Source:

Public
Sewer:

Sewer Connected
Sewer Company:

City Of Auburn
Power Company:

Pse

Schools

High School District:

Auburn

The Community

Subdivision Name:

Auburn
Amenities:

Thermal Windows
Senior Community:

false
Association:

false

Parking

Parking Total:

12
Parking Uncovered Spaces:

8
Open Parking:

true
Open Parking Spaces:

8
Carport:

false
Covered Spaces:

4

Listing courtesy of NWMLS / Homes & Equity Real Estate Grp

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Fri Nov 15 2024 09:32 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

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Sale history

Date	Event	Source	Price	% Change
11/15/24 Nov 15, 2024	Listed / Active	NWMLS	$818,888	104.7% (14.4% / YR)
8/1/17 Aug 1, 2017		NWMLS	$400,000
4/18/05 Apr 18, 2005	Sold	NWMLS

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This multifamily located in North Auburn, Auburn, WA 98002 is currently for sale for $818,888. 1601 4th Street SE is a 2,725 square foot multifamily with – beds and – baths. 1601 4th Street SE is in the North Auburn neighborhood of Auburn. This multifamily is in the attendance area of Lake View Elementary School, Bowman Creek Elementary, Auburn Senior High School, Willow Crest Elementary School, and Cascade Middle School.

Listing courtesy of NWMLS / Homes & Equity Real Estate Grp

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Fri Nov 15 2024 10:17 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

Disclaimer: The information contained in this listing has not been verified by Homes & Equity Real Estate Grp and should be verified by the buyer.