About 501 37th Street Se
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.
Features of 501 37th Street Se
| MLS® # | 2436601 |
|---|---|
| Price | $1,100,000 |
| Price Per SqFt | $271 |
| Bathrooms | 0.00 |
| Square Footage | 4,064 |
| Acres | 0.22 |
| Year Built | 1980 |
| Type | Income |
| Sub-Type | Multi-Family |
| Status | Active |
Community Information
| Address | 501 37th Street Se |
|---|---|
| Area | 310 - Auburn |
| Subdivision | Auburn |
| City | Auburn |
| County | King |
| State | WA |
| Zip Code | 98002 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
Exterior
| Exterior Features | Wood Products |
|---|---|
| Lot Description | Paved, Sidewalk |
School Information
| District | Auburn |
|---|
Additional Information
| Days on Market | 30 |
|---|---|
| Cumulative Days on Market | 30 |
| Days on Website | 30 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Compass |
|---|