2918 S 7th St, Tacoma, WA
Offered at $649,000 | MLS #2498906

If you've been searching for a Tacoma duplex for sale in one of the city's most desirable neighborhoods, this newly listed property offers an exceptional opportunity for both owner-occupants and investors.

Located just one block from Tacoma's popular 6th Avenue District, this beautifully maintained legal duplex combines strong investment potential with an unbeatable walkable location. Restaurants, coffee shops, breweries, shopping, and nightlife are all just steps from your front door.

A Rare Opportunity for Owner-Occupants & Investors

Unlike many multifamily properties currently on the market, both units are vacant and professionally staged. That means buyers can move in immediately or lease both units at today's market rents while selecting their own tenants from day one.

The property features:

• Price: $649,000
• Units: 2
• MLS #: 2498906
• Spacious 1,400 SF main-floor unit with 3 bedrooms and 1.5 bathrooms
• Upper 648 SF unit with 1 bedroom and 1 bathroom
• Updated plumbing and electrical
• Newer electrical panels
• Newer windows throughout
• Roof less than 10 years old
• Mature landscaping and outstanding curb appeal
• Welcoming covered front porch

The main-level residence lives much like a single-family home while providing the added benefit of rental income from the second unit—a combination that continues to be highly sought after in today's market.

Zoned for Future Flexibility

The property is situated on a corner lot with alley access and is zoned UR-2, providing additional long-term flexibility and future redevelopment potential (buyer to verify).

Whether your goal is long-term appreciation, rental income, or future development, this zoning creates options that many duplex properties simply don't offer.

Prime Tacoma Location

Location remains one of the biggest drivers of multifamily value, and it's difficult to beat this neighborhood.

The property is conveniently located near:

• Tacoma's 6th Avenue District
• Tacoma General Hospital
• Allenmore Hospital
• University of Puget Sound
• Downtown Tacoma
• Ruston Way Waterfront
• Point Defiance Park
• Highway 16
• Interstate 5

This central location continues to attract both renters and homeowners seeking convenient access to employment, dining, recreation, and transportation.

Why This Property Stands Out

Inventory of quality duplexes in Tacoma remains limited, especially properties offering immediate occupancy, significant updates, and future development potential.

Whether you're looking to offset your mortgage by living in one unit while renting the other, or you're searching for a turnkey investment property in one of Tacoma's strongest rental markets, 2918 S 7th St deserves a closer look.

Schedule a Showing

As a multifamily specialist, I help buyers and sellers throughout Tacoma, Seattle, and the greater Puget Sound area navigate investment property opportunities.

For more information, financial projections, or to schedule a private showing, visit:

https://www.soundmultifamily.com/property/2498906/

Charles Burnett, CCIM
Founder | Sound Property Group
Tacoma & Seattle Multifamily Broker
Specializing in apartment buildings, duplexes, fourplexes, and investment property sales throughout Western Washington.

133 N Marion St, Bremerton, WA
Offered at $669,000 | 4 Units

Investors looking for strong cash flow and long-term upside won't want to miss this newly listed Bremerton fourplex for sale. Located in West Bremerton on a large 10,890-square-foot lot, this well-maintained property offers immediate income, significant capital improvements, and the potential for future rent growth in one of Kitsap County's strongest rental markets.

Strong Cash Flow From Day One

This fully occupied fourplex features an attractive unit mix designed to appeal to a broad tenant base:

• One 2-bedroom unit
• Two 1-bedroom units
• One detached 1-bedroom cottage

The property is currently offered at an impressive 7.4% cap rate, with an estimated 8% cap rate at market rents, providing investors with both immediate returns and future upside through scheduled rent increases and continued market appreciation.

A Well-Maintained Investment

Unlike many value-add properties that require significant deferred maintenance, this fourplex has already benefited from substantial capital improvements.

Recent updates include:

• Fresh exterior paint
• Extensive roof replacement
• Foundation stabilization
• Updated plumbing and electrical
• Cosmetic renovations to three of the four units, including a complete renovation of the 2-bedroom unit in 2026

Additional investor-friendly features include separate electrical meters, coin-operated laundry, and off-street parking, helping reduce operating costs while increasing tenant appeal.

Excellent West Bremerton Location

Location continues to drive rental demand throughout Bremerton, and this property is ideally positioned near many of the area's largest employers and amenities.

Nearby destinations include:

• Puget Sound Naval Shipyard (PSNS)
• Olympic College
• Downtown Bremerton
• Seattle Ferry Terminal
• Shopping and restaurants
• Major employers and commuter routes

With Bremerton continuing to experience population growth and ongoing investment, well-located multifamily properties remain in high demand among both tenants and investors.

Why Investors Are Watching Bremerton

The Bremerton multifamily market continues to attract investors seeking higher cap rates than many Seattle-area assets while benefiting from strong employment drivers and expanding ferry access to downtown Seattle.

Properties that combine solid in-place income with rental upside and completed capital improvements are becoming increasingly difficult to find.

For investors looking to add a stable, professionally maintained asset to their portfolio, 133 N Marion St represents an outstanding opportunity.

Learn More

If you're looking to purchase a Bremerton investment property, this fourplex deserves a closer look.

View additional photos, financial information, and property details here:

https://www.soundmultifamily.com/property/2544918

Charles Burnett, CCIM
Founder | Sound Property Group

I specialize exclusively in the sale of apartment buildings and multifamily investment properties throughout Seattle, Tacoma, Bremerton, and the greater Puget Sound region. Whether you're buying your first rental property or expanding a portfolio, I'm here to help you identify opportunities that maximize long-term returns.

31624 W Rutherford Street, Carnation, WA
Offered at $1,375,000 | 6 Units

Opportunities like this are becoming increasingly difficult to find in King County's multifamily market.

This newly listed 6-unit apartment building in Carnation, WA combines attractive seller financing, significant value-add potential, and future redevelopment opportunities—all in one of the region's most supply-constrained rental markets.

Seller Financing Creates a Unique Opportunity

One of the most compelling features of this offering is the seller financing.

Qualified buyers can purchase the property with approximately 35% down, along with interest-only payments during the first year. This structure allows the new owner to maximize cash flow while renovating units, increasing rents, and stabilizing the property before principal payments begin.

Flexible financing like this is increasingly rare and can provide a meaningful advantage in today's higher interest rate environment.

Significant Value-Add Potential

The property consists of:

• 6 apartment units
• (3) Two-bedroom units
• (3) One-bedroom units

The current ownership has maintained long-term tenants, many of whom are on month-to-month leases, providing flexibility for future renovations and repositioning.

Current rents are estimated to be approximately 40% below projected market rents following renovations, creating substantial upside for investors willing to execute a value-add strategy.

Additional income is generated through the property's common laundry, while tenants currently reimburse the owner for utilities, helping offset operating expenses.

Future Development Potential

Beyond the existing cash flow, this property offers long-term upside through its 15,152-square-foot corner lot with R-24 zoning.

The zoning may provide future expansion or redevelopment opportunities, offering investors multiple exit strategies as the surrounding market continues to grow. Buyers should verify development potential with the appropriate jurisdiction.

Well-Maintained Asset

The property includes several improvements that reduce near-term capital expenditures, including:

• Recently replaced upper decks
• Roof with substantial remaining useful life
• Ample on-site parking
• Utility reimbursement from tenants
• On-site common laundry

These features allow investors to focus their capital on interior renovations that can drive rental growth.

Excellent Carnation Location

Located in downtown Carnation, the property provides convenient access to many of the Eastside's largest employment centers while maintaining the appeal of a smaller community.

Nearby destinations include:

• Snoqualmie
• Redmond
• Microsoft
• Bellevue
• SR 520 corridor

As housing affordability continues to challenge the Eastside, communities like Carnation remain attractive alternatives for renters seeking more space while maintaining access to major employers.

An Opportunity Worth Considering

Whether you're an experienced apartment investor or looking to expand your multifamily portfolio, opportunities that combine seller financing, strong cash flow potential, below-market rents, and future redevelopment possibilities rarely come to market.

If you're looking for a King County apartment building for sale with significant upside, this property deserves a closer look.

Learn more, view financial information, and schedule a showing here:

https://www.soundmultifamily.com/property/2542138/

Charles Burnett, CCIM
Founder | Sound Property Group

I specialize exclusively in the sale of apartment buildings and multifamily investment properties throughout Seattle, Bellevue, Tacoma, Bremerton, Carnation, and the greater Puget Sound region. Whether you're buying your first apartment building or expanding an existing portfolio, I can help you identify opportunities that maximize both cash flow and long-term appreciation.

Every multifamily sale has a story, and this one is a great example of how the right timing and strategy can help investors achieve more than just a successful sale.

I had been talking with the owners of this North Tacoma triplex for a couple of years about their long-term plans. Earlier this year, they reached out after finding a waterfront property they had fallen in love with. Their goal wasn't simply to sell—it was to complete a 1031 exchange, defer capital gains taxes, and reinvest their equity into a property their family could enjoy for years to come.

Together, we developed a marketing strategy that targeted both multifamily investors and owner-occupant buyers, maximizing the pool of potential purchasers. The result was a full-price sale and a closing that aligned perfectly with their exchange timeline.

By utilizing a 1031 exchange, my clients were able to defer capital gains taxes and purchase a beautiful waterfront cottage just in time for summer. When they're not enjoying the home themselves, they'll generate additional income by operating it as a short-term rental.

This transaction is a great reminder that real estate isn't just about buying and selling buildings—it's about helping clients use their equity to achieve personal and financial goals.

Congratulations to my clients on the successful sale of their North Tacoma triplex and the purchase of their new waterfront getaway. Wishing your family many memorable summers ahead! 🏡🌊☀️

Thinking about selling your apartment building or multifamily property?

Whether you're considering a 1031 exchange, downsizing your portfolio, or simply curious what your property is worth in today's market, I'd be happy to help you explore your options.

Charles Burnett, CCIM
Founder | Sound Property Group

Specializing exclusively in apartment buildings and multifamily investment property sales throughout Seattle, Tacoma, Bremerton, and the Puget Sound region.

10712 64th Avenue E, Puyallup, WA
Offered at $848,000 | Fourplex

If you're looking for a Puyallup fourplex for sale with immediate cash flow, value-add potential, and room for future expansion, this new listing deserves your attention.

Situated on a rare 0.57-acre lot in a quiet rural setting, this well-maintained fourplex offers investors a combination that's becoming increasingly difficult to find: strong in-place income, below-market rents, major capital improvements already completed, and the potential to add additional units or an ADU (buyer to verify).

Turnkey Investment with Strong Upside

The property consists of four 2-bedroom, 1-bath units, providing a highly desirable unit mix with broad tenant appeal.

Each upper unit features a private balcony, while the lower units offer their own patios, giving tenants outdoor living space that helps support long-term occupancy.

Additional highlights include:

• Four 2-bedroom / 1-bath units
• Shared coin-operated laundry providing additional income
• Detached outbuilding/garage with potential for additional rental income
• Fully occupied with quality tenants
• Two units on leases and two month-to-month

Current rents remain below market, creating a clear path for future revenue growth through scheduled rent increases as units turn over.

Major Capital Improvements Already Completed

One of the biggest challenges investors face today is unexpected capital expenditures.

Fortunately, many of the property's major systems have already been updated, including:

• Newer roof
• Newer windows
• Fresh exterior paint
• Interior improvements throughout

These updates help minimize near-term maintenance costs and allow a new owner to focus on increasing income rather than addressing deferred maintenance.

Attractive Current and Projected Returns

This property is currently producing a 6.5% cap rate, with an estimated 8.5% market cap rate after bringing rents closer to market levels.

For investors seeking stable cash flow with built-in upside, opportunities like this are becoming increasingly scarce in Pierce County.

The property may also appeal to owner-occupants looking to house hack by living in one unit while generating rental income from the others.

Rare Development Potential

What truly sets this property apart is the land.

The oversized 0.57-acre lot may provide opportunities to construct additional units or an ADU in the future (buyer to verify), creating long-term appreciation potential beyond the existing improvements.

In today's market, finding income-producing multifamily properties with excess land is increasingly uncommon.

Convenient Puyallup Location

Located just minutes from shopping, schools, transit, and major commuter routes, the property benefits from consistent rental demand while maintaining a quieter, more rural atmosphere than many competing multifamily properties.

As Pierce County continues to grow, properties offering both current income and future expansion potential remain highly desirable among investors.

Learn More

Whether you're looking to expand your multifamily portfolio or purchase your first investment property, this fourplex offers an outstanding combination of cash flow, upside, and long-term potential.

View additional photos, financial information, and property details here:

https://www.soundmultifamily.com/property/2488035/

Charles Burnett, CCIM
Founder | Sound Property Group

I specialize exclusively in the sale of apartment buildings and multifamily investment properties throughout Puyallup, Tacoma, Seattle, Bremerton, and the greater Puget Sound region. If you're considering buying or selling a duplex, fourplex, or apartment building, I'd be happy to help you evaluate your options.

Sold! Tacoma Fourplex | The Value of Staying in Touch

522 E 32nd St, Tacoma, WA
Sold for $949,000 | Fourplex

One of the most rewarding parts of this business is seeing long-term relationships come full circle.

I first connected with the owner of this Tacoma fourplex nearly eight years ago. We stayed in touch over the years, discussing the market and his long-term goals, but the timing was never quite right.

During that time, two other agents listed the property. Unfortunately, neither sale came together.

Earlier this year, I got the call.

The seller had another property under contract and had already put up a non-refundable earnest money deposit. The stakes were high—he needed certainty, not promises.

We moved quickly, developed a marketing strategy, positioned the property to maximize buyer interest, and executed the plan. The result was a successful sale at $949,000, allowing my client to move forward with confidence on his next investment.

Real Estate Is Built on Relationships

Many people assume commercial and multifamily real estate is all about transactions. In reality, it's about relationships.

Some clients are ready to sell immediately. Others may take years before the timing is right. Staying connected, providing value, and being there when clients need you most is what builds trust—and ultimately leads to successful outcomes.

Thinking About Selling Your Apartment Building?

Whether you're considering selling this year or simply want to understand what your property is worth, it's never too early to start planning.

A well-executed sales strategy can make all the difference—especially when timing matters.

Congratulations to my client on the successful sale, and thank you for trusting me to help get the job done.

Charles Burnett, CCIM
Founder | Sound Property Group

I specialize exclusively in the sale of apartment buildings and multifamily investment properties throughout Tacoma, Seattle, Bremerton, and the greater Puget Sound region. Whether you're planning to sell next month or five years from now, I'm always happy to be a resource.

Seattle Multifamily Market Update: Is Now a Good Time to Sell an Apartment Building?

By Charles Burnett, CCIM | Seattle Multifamily Broker | Sound Property Group

After several years of rising interest rates and slower transaction activity, the Seattle multifamily market is beginning to regain momentum. Buyers have adjusted to today's financing environment, inventory remains relatively limited, and well-positioned apartment buildings continue to attract strong interest.

If you've been wondering whether now is the right time to sell your duplex, fourplex, or apartment building, here's what we're seeing across the Puget Sound market.

Buyer Activity Is Increasing

Over the past several months, we've seen a noticeable increase in buyer inquiries, property tours, and accepted offers. While pricing remains more disciplined than it was during the ultra-low interest rate environment of 2021 and early 2022, serious investors are actively looking for quality multifamily opportunities.

Many buyers have accepted that today's interest rates are the "new normal" and are underwriting deals accordingly rather than waiting indefinitely for rates to decline.

Inventory Remains Limited

One factor supporting apartment values is the continued shortage of quality listings.

Many owners who refinanced at historically low interest rates have been reluctant to sell, resulting in fewer investment properties coming to market. Well-maintained assets with stable income and upside potential continue to generate competitive interest.

For sellers, limited inventory often means less competition and greater negotiating leverage.

Demand for Smaller Multifamily Properties Remains Strong

One trend we've continued to see is strong demand for:

• Duplexes
• Triplexes
• Fourplexes
• Small apartment buildings (5–20 units)

These properties appeal to both experienced investors and owner-occupants using FHA, VA, or conventional financing. Owner-occupant buyers are often willing to pay a premium because they can finance at lower residential interest rates while offsetting their mortgage with rental income.

Buyers Continue to Focus on Cash Flow

Today's investors are placing greater emphasis on:

• Current income
• Future rental upside
• Deferred maintenance
• Capital improvement history
• Insurance costs
• Property management efficiency

Properties with updated roofs, plumbing, electrical systems, windows, and exterior improvements generally receive stronger offers because buyers have greater confidence in future operating expenses.

1031 Exchange Activity Is Returning

We're also seeing an increase in investors completing 1031 exchanges.

Many long-term owners have accumulated significant equity and are looking to simplify their portfolios, diversify geographically, or transition into passive investments such as Delaware Statutory Trusts (DSTs).

For owners nearing retirement, a 1031 exchange can provide tax deferral while eliminating the day-to-day responsibilities of property management.

What This Means for Seattle Apartment Owners

Every property is different.

Some owners are better served by holding for additional appreciation, while others can significantly improve their financial position by selling today and reinvesting their equity elsewhere.

The key is understanding your property's current market value—not what it was worth two years ago or what you hope it may be worth in the future.

Charles Burnett's Perspective

After helping apartment owners throughout the Seattle area buy and sell multifamily properties for years, one thing remains consistent: markets reward preparation.

Owners who maintain accurate financial records, complete deferred maintenance before listing, and properly position their property almost always achieve stronger results than those who simply "test the market."

If you've owned your property for several years, there's a good chance your equity has increased substantially. Even if you're not planning to sell immediately, understanding today's value allows you to make informed decisions about refinancing, exchanging, or holding long term.

Thinking About Selling?

If you're considering selling a duplex, triplex, fourplex, or apartment building anywhere in Seattle, Bellevue, Shoreline, Tacoma, Everett, or the greater Puget Sound region, I'd be happy to provide a confidential property valuation and discuss your options.

As a Seattle multifamily broker specializing exclusively in apartment buildings and investment properties, I help owners maximize value through strategic marketing, professional underwriting, and expert negotiation.

Charles Burnett, CCIM
Founder | Sound Property Group
Seattle Multifamily Broker
Specializing in apartment buildings and investment property sales throughout Washington.

For many Seattle multifamily investors, selling an apartment building through a 1031 exchange is one of the most effective ways to defer capital gains taxes while preserving wealth. As inventory becomes more limited and management responsibilities increase, many owners choose to exchange into a Delaware Statutary Trust (DST) for passive ownership.

One of the most important factors to evaluate before investing in a DST is the loan-to-value ratio (LTV). Understanding how leverage affects risk, cash flow, and long-term performance can help investors make more informed decisions.

As a Seattle multifamily broker, Charles Burnett, CCIM, has helped apartment owners throughout the Puget Sound region evaluate sale, exchange, and reinvestment strategies that align with their long-term investment goals.

What Is Loan-to-Value (LTV)?

Loan-to-value (LTV) is the percentage of a property's value financed through debt. For example, if a DST owns a $50 million apartment community with a $25 million mortgage, the property has a 50% LTV.

Unlike purchasing investment property directly, the financing in a DST is arranged by the sponsor before investors participate. That means investors cannot negotiate the loan terms or adjust the leverage after investing, making it critical to understand the LTV before committing capital.

Why LTV Matters

The amount of leverage a DST uses has a direct impact on both risk and potential returns.

A lower LTV provides a larger equity cushion if property values decline and generally results in more stable income distributions because debt payments consume a smaller portion of the property's cash flow.

A higher LTV can increase projected returns and provide greater tax benefits through additional depreciation and interest deductions. However, it also increases refinancing risk and leaves less room to absorb vacancies, rent declines, or rising operating expenses.

For investors seeking predictable passive income after selling a Seattle apartment building, understanding this tradeoff is essential.

Typical DST Loan-to-Value Ratios

Most DST offerings fall into one of the following ranges:

• Under 40%: Conservative leverage with lower risk and greater equity protection.
• 40%–55%: Moderate leverage and the most common range for high-quality multifamily and net lease properties.
• 55%–65%: Higher leverage with greater return potential but increased refinancing risk.
• Over 65%: Aggressive leverage requiring careful due diligence.

There is no universally "correct" LTV. The appropriate level depends on the investor's objectives, risk tolerance, and overall financial strategy.

How LTV Affects 1031 Exchange Investors

Many owners working with a Seattle multifamily broker have significant equity built into their apartment buildings. When completing a 1031 exchange, replacing debt is often necessary to fully defer capital gains taxes.

DSTs with institutional financing can satisfy those debt replacement requirements without requiring investors to obtain a new commercial loan individually.

For many investors, this makes DSTs an attractive solution after selling a duplex, triplex, fourplex, or larger apartment building.

Questions Every Investor Should Ask

Before investing in any DST, consider asking:

• What is the property's current LTV?
• Is the loan fixed or floating rate?
• When does the loan mature?
• How much occupancy decline could the property withstand before distributions are affected?
• Has the sponsor successfully refinanced previous offerings?
• How does the property's leverage compare with similar DST investments?

LTV should always be evaluated alongside the quality of the real estate, tenant strength, lease structure, and the sponsor's track record.

Working With Charles Burnett, Seattle Multifamily Broker

Selling a multifamily property is about more than simply finding a buyer. The right exit strategy can significantly impact your long-term investment returns.

Charles Burnett, CCIM, is the founder of Sound Property Group and specializes exclusively in multifamily investment sales throughout the Seattle and Puget Sound region. He has helped hundreds of apartment owners successfully sell duplexes, triplexes, fourplexes, and larger apartment communities while maximizing value and navigating complex 1031 exchanges.

If you're considering selling an apartment building in Seattle, Bellevue, Tacoma, Everett, Shoreline, or the surrounding Puget Sound market, Charles Burnett can help you evaluate your property's value, discuss exchange strategies, and determine whether a DST investment may fit your long-term objectives.

Final Thoughts

Loan-to-value is one of the most important numbers in any DST investment. While higher leverage may increase potential returns and satisfy debt replacement requirements, lower leverage often provides greater stability during changing market conditions.

Whether you're selling a duplex or a large apartment complex, understanding LTV is an important part of making an informed 1031 exchange decision. Working with an experienced Seattle multifamily broker like Charles Burnett can help ensure your investment strategy aligns with your long-term financial goals.

Just Sold: 6-Unit Apartment Building in Downtown Sumner

824 Kincaid Ave, Sumner, WA
Sold for $1,100,000 | 6 Units

Every successful sale creates a new opportunity—and that's exactly what this transaction accomplished.

I'm excited to share the successful sale of this 6-unit apartment building in Downtown Sumner. More importantly, I'm grateful to have helped my client take the next step in growing his real estate portfolio.

Using a 1031 exchange, he'll be rolling the proceeds into a new construction rental property out of state, allowing him to defer capital gains taxes while continuing to build long-term wealth.

Helping clients strategically reposition their investments is one of the most rewarding parts of what I do.

A Landmark Multifamily Property

Located on a prominent corner lot in the heart of Downtown Sumner, this beautifully maintained garden-style apartment building combined historic character with strong investment fundamentals.

The property featured:

• Six fully occupied apartment units
• Strong, stable rental history
• Approximately a 6% cap rate
• Immediate cash flow
• Mission-inspired architecture with charming arches and a central courtyard

Recent capital improvements included:

• New roof
• Fresh exterior paint
• New gas heaters
• Updated unit interiors completed over the years

The combination of pride of ownership and consistent rental performance made this an attractive opportunity for investors seeking both stability and long-term appreciation.

Long-Term Development Potential

Beyond its current income, the property offered exceptional future upside.

Situated on a prime corner lot with zoning allowing up to four stories of mixed-use development, the building appealed to buyers looking beyond today's cash flow and toward future redevelopment opportunities.

Assets with both strong current performance and long-term development potential continue to attract significant investor interest throughout the Puget Sound region.

The Power of a 1031 Exchange

For many apartment owners, selling isn't the end of the investment journey—it's the beginning of the next chapter.

In this case, a 1031 exchange allowed my client to defer capital gains taxes and exchange into a newer investment property better aligned with his long-term goals.

Whether the objective is increasing cash flow, reducing maintenance, diversifying geographically, or upgrading into newer construction, a properly planned exchange can be a powerful wealth-building strategy.

Congratulations!

Congratulations to my client on the successful sale and best of luck with your new investment. Thank you for trusting me to help guide another important step in your real estate journey.

Thinking about selling your apartment building?

Whether you're considering a 1031 exchange, planning for retirement, or simply curious what your multifamily property is worth in today's market, I'd be happy to help you evaluate your options.

Charles Burnett, CCIM
Founder | Sound Property Group

I specialize exclusively in the sale of apartment buildings and multifamily investment properties throughout Seattle, Tacoma, Sumner, Puyallup, Bremerton, and the greater Puget Sound region, helping owners maximize value and plan their next investment move.

2944 O St SE, Auburn, WA
Offered at $950,000 | 4 Units

Another Fourplex Friday is here, and this one checks a lot of boxes for investors and owner-occupants alike.

This turnkey Auburn fourplex has been exceptionally well maintained and offers immediate cash flow, below-market rents, recent capital improvements, and future upside—all in one of South King County's strongest rental markets.

Turnkey Investment with Room to Grow

The property features four 2-bedroom, 1-bath units, making it an attractive option for both tenants and investors.

Additional highlights include:

• Upper units with private balconies
• Lower units with fenced backyards
• Shared coin-operated laundry for additional income
• Fully occupied with quality tenants
• Two units on leases and two month-to-month

Current rents remain below market, creating a clear opportunity to increase income over time as leases renew or units turn over.

Major Improvements Already Completed

One of the biggest advantages of this property is that much of the heavy lifting has already been done.

Within the past 12 months, ownership has completed major capital improvements, including:

• New roof
• New windows
• Fresh exterior paint
• Updated interiors

With these improvements already in place, a new owner can focus on maximizing income rather than tackling costly deferred maintenance.

Great Opportunity for House Hackers

Looking for a way to offset your mortgage?

This property is also an excellent opportunity for an owner-occupant to live in one unit while collecting rental income from the other three. Multifamily properties like this continue to be one of the most effective ways to build wealth through real estate while reducing monthly housing costs.

Future Development Potential

The fourplex sits on a large lot that may offer the opportunity to construct additional unit(s) or a Detached Accessory Dwelling Unit (DADU) (buyer to verify).

That added flexibility creates another avenue for long-term appreciation beyond the property's existing income.

Prime Auburn Location

Conveniently located near shopping, schools, transit, and major commuter routes, this property benefits from strong and consistent rental demand.

Whether you're an experienced investor looking to expand your portfolio or purchasing your first multifamily property, this is the type of asset that rarely stays available for long.

Interested in learning more or scheduling a showing?

Charles Burnett, CCIM
Founder | Sound Property Group

I specialize exclusively in apartment buildings and multifamily investment properties throughout Auburn, Seattle, Tacoma, Puyallup, Bremerton, and the greater Puget Sound region. If you're thinking about buying, selling, or completing a 1031 exchange, I'd be happy to help you explore your options.