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.