$799,999

6 Beds 4 Baths 2,352 SQFT 0.23 Acres

Type: Multi-Family

417 22nd Street SE
Auburn, WA 98002

MLS#: 2559823

Presented by: Operation Red Dot and NWMLS

Property Description

Versatile single-story fourplex offering an excellent opportunity for investors and owner-occupants. The property includes two 1-bedroom units and two 2-bedroom units, with all four residences renovated within the last several years. Updates include modern appliances, durable LVP flooring, and refreshed interiors. Each unit also includes dedicated storage, while the two-bedroom units feature a 920sq ft covered carport parking with 4 storage units. A secure shared laundry room is conveniently located beneath the carport. Three units are currently occupied by long-term tenants, providing immediate rental income. The fourth unit has been freshly renovated and is vacant, ideal for an owner looking to live onsite while offsetting expenses or for an investor ready to place another tenant and maximize cash flow. This property was made for house hacking and NO HOA!! Conveniently located near Downtown Auburn, shopping, dining, transit, and Highway 18 for easy commuting.

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

FlooringVinyl Plank

Heating Y/NYes

Power Production TypeElectric

Total Fireplaces0

Total Stories1

General

AmenitiesSee Remarks

Building Area Units0 sqft

Cap Rate7.51

Carport Spaces4

Carport Y/NNo

CityAuburn

CoolingNone

CountyKing

DirectionsFrom Hwy 18, take the WA-164/Auburn Way S exit. Head south, right on 21st St SE, right on D St SE, then left on 22nd St SE. Property is on the left.

Electric Expense0

Elementary SchoolPioneer Elem

Fuel Expense0

Garage Spaces0

HOANo

HOA Fee$0

HeatingWall Furnace

High SchoolAuburn Snr High

High School DistrictAuburn

Insurance Expense2717

Leasable Area2,352 sqft

Listing TermsCash, Conventional, FHA, VA Loan

Living Area0 sqft

Lot Size Square Feet10,029 sqft

Lot Size UnitsSquare Feet

MLS Area310 - Auburn

Middle/Junior High SchoolMt Baker Mid

NWM_ShowMapLinkY

Net Operating Income60064

New ConstructionNo

Number Of Units Total4

PossessionClosing, Subject To Tenant Rights

Possible UseMulti-Family

Property ConditionUpdated/Remodeled

Property Style54 - 4-Plex

Property SubtypeMulti Family

Property TypeResidential Income

Public RemarksVersatile single-story fourplex offering an excellent opportunity for investors and owner-occupants. The property includes two 1-bedroom units and two 2-bedroom units, with all four residences renovat

RoofComposition

Security FeaturesPartially Fenced

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeQuadruplex

Subdivision NameSouth Auburn

Tax Annual Amount$6,334

Tax Year2025

Units Below Gradefalse

Units In Building Total4

Water CompanyCity of Auburn

Water Sewer Garbage5090

Year Built1978

Zoning DescriptionMulti-Family

Exterior

Building Area Total2,352 sqft

Covered Spaces4

Exterior AmenitiesWood, Wood Products

Foundation DetailsSlab

Irrigation Water Rights Y/NNo

Lot FeaturesAlley, Curbs, Paved, Sidewalk

Lot Size Acres0.2302

Parking Uncovered Total2

Site FeaturesFenced-Partially, High Speed Internet, Outbuildings

Total Parking6

Water SourcePublic

Waterfront Y/NNo

Additional Details

Price History

Schools

High School Auburn Snr High

Middle School Mt Baker Mid

Elementary School Pioneer Elem

Similar Properties

$799,999

6 Beds 4 Baths 2,352 SQFT 0.23 Acres

Type: Multi-Family

417 22nd Street SE
Auburn, WA 98002

MLS#: 2559823

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Property

$799,999

417 22nd Street SE
Auburn, WA 98002

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$799,999

417 22nd Street SE
Auburn, WA 98002

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Property

$799,999

417 22nd Street SEAuburn, WA 98002

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$799,999

417 22nd Street SEAuburn, WA 98002

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417 22nd Street SE
Auburn, WA 98002

417 22nd Street SE
Auburn, WA 98002