417 22nd Street SE, Auburn, WA 98002

$799,999
2,352
SqFt

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Listing courtesy of Operation Red Dot.

List Price
$799,999
Status
ACTIVE
MLS#
2559823
Days on Market
2
Style
54 - 4-Plex
Building Condition
Updated/Remodeled
Finished SqFt
2,352
Area Total SqFt
2352
Annual Tax Ammount
6334
Internet Provider
Xfinity
Lot Size (sq ft)
10,029
Sewer
Sewer Connected

Property Description

Versatile single-story fourplex offering an excellent opportunity for investors and owner-occupants. The property includes two 1-bedroom units and two 2-bedroom units, with all four residences renovated within the last several years. Updates include modern appliances, durable LVP flooring, and refreshed interiors. Each unit also includes dedicated storage, while the two-bedroom units feature a 920sq ft covered carport parking with 4 storage units. A secure shared laundry room is conveniently located beneath the carport. Three units are currently occupied by long-term tenants, providing immediate rental income. The fourth unit has been freshly renovated and is vacant, ideal for an owner looking to live onsite while offsetting expenses or for an investor ready to place another tenant and maximize cash flow. This property was made for house hacking and NO HOA!! Conveniently located near Downtown Auburn, shopping, dining, transit, and Highway 18 for easy commuting.

Additional Information

List Date
2026-07-24 15:27:30
Community
South Auburn
Net Operating Income
$60,064
Gross Adjusted Income
$74,205
Gross Scheduled Income
$76,500
Total Monthly Income
$6,375
Insurance Expenses
$2,717
Water/Sewer/Garbage Expenses
$5,090
Gross Rent Multiplier
10.46
Total Expenses
$14,141
Cap Rate
7.51
Vacancy Rate
3
Total Number of Units
4
Unit Name
417
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1978
Roof
Composition
Site Features
Fenced-Partially, High Speed Internet, Outbuildings
Energy Source
Electric
School District
Auburn
Elementary School
Pioneer Elem
Middle School
Mt Baker Mid
High School
Auburn Snr High
Total Monthly Income
$6,375
Gross Scheduled Income
$76,500
Vacancy Rate
3
Gross Adjusted Income
$74,205
Tax Year
2025
Insurance Expense
$2,717
W/S/G Expenses
$5,090
Total Expenses
$14,141
Net Operating Income
$60,064
Gross Rent Multiplier
10.46
Cap Rate
7.51
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.

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