501 37th Street SE Auburn, WA 98002
Sold
Listing Courtesy of: MLS LogoNorthwest MLS / Compass and Olaie

  501 37th Street SE Auburn, WA 98002

Sold on 12/15/2025
$958,000 (USD)

Description

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.

MLS #:
2436601
Taxes
$9,052(2025)
Lot Size
9,450 SQFT
Type
Multifamily
Year Built
1980
Style
4-Plex
Views
Territorial
School District
Auburn
County
King County
Community
Auburn

Listed By

Erich Bubbel, Compass
Bought with
Cindy Liu, Olaie
Source
Northwest MLS as distributed by MLS Grid
Last checked Dec 29 2025 at 11:11 AM PST
Bathroom Details
Subdivision
  • Auburn
Lot Information
  • Sidewalk
  • Paved
Property Features
  • Fireplace: 0
Heating and Cooling
  • Forced Air
Exterior Features
  • Wood Products
  • Roof: Metal
Utility Information
  • Sewer: Sewer Connected
  • Fuel: Electric

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Sep 25, 2025
Listed
$1,100,000
-
-
Additional Listing Info
  • Buyer Brokerage Compensation: 2.5
Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.
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Disclaimer: Based on information submitted to the MLS GRID as of 12/29/25 03:11. All data is obtained from various sources and may not have been verified by Windermere Real Estate Services Company, Inc. or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.