802 21st Street Se, Auburn, WA 98002

Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
#1#2#3
Listed by:rachel harwood
Office:compass
MLS#:2394374
Source:NWMLS
802 21st Street Se,Auburn, WA 98002
$2,000,000
  • - Beds
  • - Baths
  • 5,920 sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$2,000,000
  • Price per sq. ft.:$337.84

About this home

7-unit multifamily property offering strong current income and long-term potential. Each spacious 2BD/1BA unit has been renovated with luxury vinyl plank flooring, stainless steel appliances, and updated fixtures. Major capital improvements—including new roofs, furnaces, and water heaters—eliminate deferred maintenance. Tenants enjoy in-unit laundry, private garages, and fully fenced private backyards. Ideally located between Seattle and Tacoma, close to walkable schools, transit, and major employers. The Kent/Auburn submarket saw 95.3% occupancy in Q1 2025 and is projected for effective rent increases of 4.2% through 2025. Offers a true 6.8% cap rate with potential for income growth. Optional portfolio sale w/ nearby 8-unit MLS#2394373

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Home facts

  • Year built:1977
  • Listing Id #:2394374
  • Updated:August 07, 2025 at 07:52 AM

Rooms and interior

  • Living area:5,920 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1977
  • Building area:5,920 sq. ft.
  • Lot area:0.95 Acres

Utilities

  • Water:Community
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$2,000,000
  • Price per sq. ft.:$337.84
  • Tax amount:$15,553 (2025)
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