402 4th Street SE, Auburn, WA 98002
- $675,000
- 2,540
- SqFt
Listing courtesy of KW Mountains to Sound Realty.
- List Price
- $675,000
- Status
- ACTIVE
- MLS#
- 2578155
- Days on Market
- 1
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,540
- Area Total SqFt
- 2540
- Annual Tax Ammount
- 7760
- Lot Size (sq ft)
- 9,940
- Sewer
- Sewer Connected
Property Description
Rare Auburn duplex offering immediate income, recent improvements, and compelling upside in a low-inventory market. Unit A is currently rented at $2,200/month. Unit B has been completely rehabbed with fresh paint, new trim and flooring and is ready for occupancy at an estimated market rent of $2,300/month, creating the potential for $4,500/month in combined gross rent. Each spacious 1,270 SF unit features 3 bedrooms, 2.5 baths, a private garage, in-unit laundry, balcony, and private yard, offering the space and amenities tenants want. Situated on a desirable corner lot in a convenient, walkable community near shopping, dining, medical services, schools, public transportation, and everyday amenities, with quick commuter access to Highways 18 and 167. New roof and exterior paint completed in 2024 add to the property's appeal and reduce near-term capital expenditures. Ideal for an owner-occupant looking to live in one unit and rent the other, a first-time investor seeking a practical entry into real estate investing, or a seasoned buyer looking to add a strong-performing asset to a portfolio. With one unit producing income and the second freshly updated and positioned for market rent, this duplex offers flexibility, income potential, and a clear path to enhanced long-term value. Auburn duplex inventory can be difficult to replace, making this a compelling opportunity to secure a versatile property with both current income and future growth potential.
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Additional Information
- List Date
- 2026-09-10 15:13:14
- Community
- Downtown - Auburn
- Net Operating Income
- $44,347
- Gross Adjusted Income
- $54,000
- Gross Scheduled Income
- $48,300
- Total Monthly Income
- $4,600
- Insurance Expenses
- $1,893
- Gross Rent Multiplier
- 15.78
- Total Expenses
- $9,653
- Cap Rate
- 6.3
- Total Number of Units
- 2
- Unit Name
- 402
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1989
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, Patio
- Energy Source
- Electric
- School District
- Auburn
- Elementary School
- Washington Elementary
- Middle School
- Cascade Mid
- High School
- Auburn Snr High
- Total Monthly Income
- $4,600
- Gross Scheduled Income
- $48,300
- Gross Adjusted Income
- $54,000
- Tax Year
- 2026
- Insurance Expense
- $1,893
- Total Expenses
- $9,653
- Net Operating Income
- $44,347
- Gross Rent Multiplier
- 15.78
- Cap Rate
- 6.3
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.