421 37th Street SE Auburn, WA ^$ 990,000

421 37th Street SE

^$ 990,000

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421 37th Street SE

Auburn, WA, 98002

^$ 990,000

Studio Baths0.0 Sq 4,064

Monthly Estimate*

^$ 6,176

Listed by COMPASS

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Studio

Multi-Family Home for sale in Auburn, WA

for $990,000. This 4,064 square foot home was built in 1980 on a lot size of 0.281.

Prime 4-unit multifamily property in Auburn, WA, featuring spacious 2-bed, 1.5-bath units, each 1,016 SF, with large back patios and secure storage. Boasting a 6.69% cap rate, W/D hookups, extra storage unit on back patios, Newly painted in Sept 2025 with durable metal roofs for low maintenance. Ideal location near Seattle-Tacoma amenities. All units are fully occupied.

Multi-Family Pending

Price

^$ 990,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 9,354

Style

4-Plex

Lot Size

0.281

Year Built

1980

Town/City

Auburn

County/Region

King

MLS | Web ID

2436604

Features

General

Living Area 0

Sewer Sewer Connected

Heating Baseboard Forced Air

Cooling None

Possession Closing

Roof Metal

HOA Fee 0

Year Built 1980

Property Subtype Multi Family

Tax Year 2025

County King

Net Operating Income 66279

Insurance Expense 2000

New Construction N

Property Type Residential Income

HOA N

Subdivision Name Auburn

Special Listing Conditions None

Status Pending

Directions GPS

City Auburn

Senior Community Y/N N

High School District Auburn

Open Parking Spaces 8

Number Of Units Total 4

MLS Area 310 - Auburn

Lot Size Units Square Feet

Lot Size Square Feet 12240

Carport Spaces 0

Carport Y/N N

Listing Terms Cash Out Conventional

Tax Annual Amount 9354

Electric Expense 0

Fuel Expense 0

Public Remarks Prime 4-unit multifamily property in Auburn WA featuring spacious 2-bed 1.5-bath units each 1 016 SF with large back patios and secure storage. Boasting a 6.69% cap rate W/D hookups extra storage uni

Leasable Area 4064

Structure Type Quadruplex

Building Area Units Square Feet

Standard Status Pending

Units Below Grade false

Units In Building Total 4

Water Sewer Garbage 5815

Property Style 54 - 4-Plex

Cap Rate 6.69

Exterior

Exterior Amenities Wood Products

Total Parking 8

Building Area Total 4064

Lot Size Acres 0.281

Waterfront Y/N N

Covered Spaces 0

Irrigation Water Rights Y/N N

Parking Uncovered Spaces 8

Interior

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

Internal Only

OriginalMLSID NWM2436604

Street Number 1 421

* Excluded Features

List By

Erich Bubbel

Listing Agent

Compass

Broker

Affordability Calculator

$6,956

Per Month

Monthly Principal & Interest: $6,176
Monthly Property Taxes: $780
Monthly Home Insurance: --

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Interest Rate

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Yearly 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

Trends
Schools

Multi-family listings in Auburn, WA

Average List Price ^$1,556,513

Percent of Sale Price 57%

About Auburn, WA

81,143 Population

45% Since 2002

^$62,025 Median Income

36.93 Median Age

31% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

257071 Elementary School

258444 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/10/2025	$990,000	-4.35%	Price Down
9/25/2025	$1,035,000		Listed Price

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421 37th Street SE, Auburn, WA, 98002 is a Multi-Family Home for sale at $990,000 with 4,064 sqft and a lot size of 0.281. 421 37th Street SE is a studio with 0.0 baths and was built in 1980. The property's zip code is 98002 which is in Auburn, WA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Northwest Multiple Listing Service

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Northwest Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/16/2025.

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421 37th Street SE

Multi-Family Home for sale in Auburn, WA

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