501 37th Street Se, Auburn, WA 98002

Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: erich bubbel, ramiro olmos munoz
Office: compass
MLS#:2436601
Source:NWMLS
501 37th Street Se,Auburn, WA 98002
$1,100,000
  • - Beds
  • - Baths
  • 4,064 sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$1,100,000
  • Price per sq. ft.:$270.67

About this home

Prime 4-unit multifamily property in Auburn, WA, featuring spacious 2-bed, 1.5-bath units, each 1,016 SF, with large back patios and secure storage. Boasting a 5.49% cap rate, with a projected increase to 5.91% by Dec 1, 2025, due to scheduled rent increases. W/D hookups, extra storage unit on back patios, Newly painted in Sept 2025 with durable metal roofs for low maintenance. Ideal location near Seattle-Tacoma amenities. Seller financing available. All units are fully occupied.

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Home facts

  • Year built:1980
  • Listing ID #:2436601
  • Updated:November 11, 2025 at 09:09 AM

Rooms and interior

  • Living area:4,064 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Metal
  • Year built:1980
  • Building area:4,064 sq. ft.
  • Lot area:0.22 Acres

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,100,000
  • Price per sq. ft.:$270.67
  • Tax amount:$9,052 (2025)
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