306 2nd ST NE Auburn, WA $ 999,000
306 2nd ST NE
$ 999,000
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306 2nd ST NE

Auburn, WA, 98002
$ 999,000
Baths0.0

Monthly Estimate*

$ 6,232

Listed by Torre Realty
306 2nd ST NE, Auburn, WA 98002 - Image 1
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Studio

Multi-Family Home for sale in Auburn, WA

for $999,000. This home was built in 1922 on a lot size of 0.1517.

Turn-key 5 unit rental property in the heart of Auburn! This fully rented investment property is walking distance to Main Street with all the shops, restaurants and public transportation. The building has a brand new roof and siding, and all units have been recently updated—no major work needed. 100% occupancy with zero vacancies and a waitlist. Some tenants have been here for over 7 years and would love to stay. There’s off-street parking in back for up to 6 cars, plus an on-site coin-op laundry room that brings in an extra $200/month. This is a solid, low-maintenance rental property in a great location with strong tenant demand. Ready to go from day one.

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Multi-Family Active

Price

$ 999,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,607

Style

4-Plex

Lot Size

0.1517

Year Built

1922

Town/City

Auburn

County/Region

King

MLS | Web ID

2391346

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard Forced Air
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Year Built 1922
Property Subtype Multi Family
Tax Year 2024
County King
Net Operating Income 33784
Insurance Expense 1570
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Auburn
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions I-167 to 15th St NE exit south on Auburn Way N.h to 2nd St NE. Hwy 18 take the Auburn Way North exit north to 2nd St NE
High School Auburn Snr High
City Auburn
Senior Community Y/N N
High School District Auburn
Zoning Description Multi-Family
Open Parking Spaces 6
Number Of Units Total 5
MLS Area 310 - Auburn
Lot Size Units Square Feet
Lot Size Square Feet 6608
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional Owner Financing
Elementary School Washington Elementary
Tax Annual Amount 6607
Electric Expense 1000
Fuel Expense 1550
Middle/Junior High School Cascade Mid
Property Condition Good
Public Remarks Turn-key 5 unit rental property in the heart of Auburn! This fully rented investment property is walking distance to Main Street with all the shops restaurants and public transportation. The building
Leasable Area 3890
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Amenities Basement Coin Op Laundry Storage
Water Company City of Auburn
Units Below Grade true
Units In Building Total 5
Water Sewer Garbage 1500
Property Style 54 - 4-Plex
Cap Rate 3
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Exterior
Exterior Amenities Wood Wood Products
Water Source Community
Total Parking 6
Foundation Details Poured Concrete
Building Area Total 0
Lot Dimensions 6608
Lot Size Acres 0.1517
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 6
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Interior
Flooring Laminate
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2391346
Street Number 1 306
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* Excluded Features
List By
Elena Pike

Listing Agent

Torre Realty

Broker

Affordability Calculator

$6,783
Per Month
92%
8%
0%
Monthly Principal & Interest
$6,232
Monthly Property Taxes
$551
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3952564 Elementary School
256687 Middle School
Auburn Snr High High School
Pricing History
DatePricePrice ChangeDescription
9/12/2025$999,000 -2.54% Price Down
8/28/2025$1,025,000 -5.96% Price Down
6/13/2025$1,090,000 Listed Price

Map


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306 2nd ST NE, Auburn, WA, 98002 is a Multi-Family Home for sale at $999,000 with a lot size of 0.1517. 306 2nd ST NE is a studio with 0.0 baths and was built in 1922. The property's zip code is 98002 which is in Auburn, WA