3601 I Street NE Auburn, WA $ 3,795,000
3601 I Street NE
$ 3,795,000
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3601 I Street NE

Auburn, WA, 98002
$ 3,795,000
Baths0.0 Sq 15,780

Monthly Estimate*

$ 23,676

Listed by Lee & Associates Commercial RE
3601 I Street NE, Auburn, WA 98002 - Image 1
3601 I Street NE, Auburn, WA 98002 - Image 2
3601 I Street NE, Auburn, WA 98002 - Image 3
3601 I Street NE, Auburn, WA 98002 - Image 4
3601 I Street NE, Auburn, WA 98002 - Image 5
3601 I Street NE, Auburn, WA 98002 - Image 6
3601 I Street NE, Auburn, WA 98002 - Image 7
3601 I Street NE, Auburn, WA 98002 - Image 8
3601 I Street NE, Auburn, WA 98002 - Image 9
3601 I Street NE, Auburn, WA 98002 - Image 10
3601 I Street NE, Auburn, WA 98002 - Image 11
3601 I Street NE, Auburn, WA 98002 - Image 12
3601 I Street NE, Auburn, WA 98002 - Image 13
3601 I Street NE, Auburn, WA 98002 - Image 14
View a Virtual Tour
Studio

Multi-Family Home for sale in Auburn, WA

for $3,795,000. This 15,780 square foot home was built in 1988 on a lot size of 0.617.

I Street Apartments presents a well-maintained 16-unit community in Auburn, WA, built in 1988 on a 26,875 SF C3-zoned lot between the regional hubs of downtown Auburn and Kent. This strategic location offers strong connectivity via SR-167, access to major employers, retail, transit, and growing economic activity. The unit mix includes spacious 1- and 2-bedroom layouts with in-unit laundry, balconies/patios, and updates in select units. Durable systems, 24 off-street parking stalls, and double-pane windows (2016) enhance operational stability. With strong in-place rents and minimal deferred maintenance, the property offers compelling cash flow and long-term upside via light interior upgrades.

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Multi-Family Active

Price

$ 3,795,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 39,208

Style

10+ Units

Lot Size

0.617

Year Built

1988

Town/City

Auburn

County/Region

King

MLS | Web ID

2400905

Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Unit(s)
Cooling None
Possession Closing Subject to Tenant Rights
Roof Composition
HOA Fee 0
Year Built 1988
Property Subtype Multi Family
Tax Year 2025
County King
Net Operating Income 256812
Insurance Expense 12624
New Construction N
Property Type Residential Income
HOA N
Energy Efficient Thermal Windows
Subdivision Name Auburn
Special Listing Conditions None
Status Active
Directions on the corner of I St NE and 37th St NE
City Auburn
Senior Community Y/N N
High School District Auburn
Open Parking Spaces 24
Number Of Units Total 16
MLS Area 310 - Auburn
Lot Size Units Square Feet
Lot Size Square Feet 26875
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 39208
Electric Expense 0
Fuel Expense 0
Public Remarks I Street Apartments presents a well-maintained 16-unit community in Auburn WA built in 1988 on a 26 875 SF C3-zoned lot between the regional hubs of downtown Auburn and Kent. This strategic location
Leasable Area 15780
Virtual Tour http://www.lee-associates.com/northwest/properties/?propertyId=1513529-sale&address=3601-I-St-NE&officeId=2085
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities See Remarks Thermal Windows
Units Below Grade false
Units In Building Total 16
Water Sewer Garbage 24704
Property Style 56 - 10+ Units
Cap Rate 6.59
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Exterior
Exterior Amenities Metal/Vinyl
Lot Features Corner Lot
Water Source Community
Total Parking 24
Foundation Details Slab
Building Area Total 15780
Lot Size Acres 0.617
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 24
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Interior
Flooring Ceramic Tile Laminate Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2400905
Street Number 1 3601
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* Excluded Features
List By
Daniel Lim

Listing Agent

Lee & Associates Commercial Re

Broker

Affordability Calculator

$26,943
Per Month
88%
12%
0%
Monthly Principal & Interest
$23,676
Monthly Property Taxes
$3,267
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
257071 Elementary School
258444 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/6/2025$3,795,000 -2.57% Price Down
6/30/2025$3,895,000 Listed Price

Map


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3601 I Street NE, Auburn, WA, 98002 is a Multi-Family Home for sale at $3,795,000 with 15,780 sqft and a lot size of 0.617. 3601 I Street NE is a studio with 0.0 baths and was built in 1988. The property's zip code is 98002 which is in Auburn, WA