802 21st Street SEAuburn, WA98002
Listing courtesy of Rachel Harwood of COMPASS
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
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
| 3 days ago | Listing updated with changes from the MLS® | |
| 3 days ago | Listing first seen on site |
Listing courtesy of Rachel Harwood of COMPASS
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
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Last checked: 2025-07-12 10:16 AM PDT
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