545 37th Street NE, Auburn, WA 98002
- $999,000
- 3,408
- SqFt
Listing Broker: 1 Percent Lists Northwest; Jeff Dickinson; 206-852-9711; jeffdickinson55@gmail.com
- List Price
- $999,000
- Status
- ACTIVE
- MLS#
- 2599647
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,408
- Area Total SqFt
- 3408
- Annual Tax Ammount
- 10448
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 9,038
- Sewer
- Sewer Connected
Property Description
Excellent Investment Opportunity – Fourplex / Two Duplexes on One Tax Lot! Opportunity awaits with this well-maintained four-unit property featuring two duplexes on a single tax lot! Ideally suited for an investor or owner-occupant looking to live in one unit while generating rental income from the remaining three. Each of the four units offers 2 bedrooms, 1 bathroom, individual storage, a privately fenced yard, and its own washer and dryer. Some interior updates. All appliances are included! Enjoy a convenient Auburn location with Mt. Baker Elementary School directly across the street, plus easy access to shopping, bus routes, Highway 167, and Highway 18. A fantastic opportunity to own a versatile multifamily property with multiple income streams, attractive updates, and a convenient location. Whether you're expanding your investment portfolio or looking for an owner-occupant opportunity, this property is worth a closer look! Don't miss this opportunity to own four rental units on one tax lot! Plenty of off-street parking.
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Additional Information
- Community
- Auburn
- Net Operating Income
- $65,981
- Gross Adjusted Income
- $85,205
- Gross Scheduled Income
- $87,840
- Total Monthly Income
- $7,320
- Insurance Expenses
- $1,598
- Water/Sewer/Garbage Expenses
- $7,176
- Gross Rent Multiplier
- 11.53
- Total Expenses
- $19,222
- Cap Rate
- 6.7
- Vacancy Rate
- 3
- Total Number of Units
- 4
- Unit Name
- 545
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1980
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Fully
- Energy Source
- Electric
- School District
- Auburn
- Elementary School
- Gildo Rey Elem
- Middle School
- Mt Baker Mid
- High School
- Auburn Riverside Hig
- Total Monthly Income
- $7,320
- Gross Scheduled Income
- $87,840
- Vacancy Rate
- 3
- Gross Adjusted Income
- $85,205
- Tax Year
- 2026
- Insurance Expense
- $1,598
- W/S/G Expenses
- $7,176
- Total Expenses
- $19,222
- Net Operating Income
- $65,981
- Gross Rent Multiplier
- 11.53
- Cap Rate
- 6.7
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.