507 L Street SE Auburn, WA $ 480,000
507 L Street SE
$ 480,000
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507 L Street SE

Auburn, WA, 98002
$ 480,000
Baths0.0 Sq 1,680

Monthly Estimate*

$ 2,995

Listed by John L. Scott, Inc
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Studio

Multi-Family Home for sale in Auburn, WA

for $480,000. This 1,680 square foot home was built in 1968 on a lot size of 0.1759.

Possibly the best duplex deal in all of Auburn! Don’t miss this outstanding investment opportunity in a quiet South Auburn neighborhood. The 509 unit shines with a full renovation, including fresh paint, new flooring, and a brand-new refrigerator and dishwasher. The kitchen has been tastefully updated with modern cabinets, countertops, a new sink, and faucet. The second unit is occupied by a long-time tenant at $1,650/month, offering immediate, reliable rental income. The property also provides ample parking with convenient covered carport spaces. A rare find and an exceptional opportunity for both investors and owner-occupants!

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Multi-Family Active

Price

$ 480,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,722

Style

Duplex

Lot Size

0.1759

Year Built

1968

Town/City

Auburn

County/Region

King

MLS | Web ID

2457435

Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Unit(s)
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Security Features Partially Fenced
Year Built 1968
Property Subtype Multi Family
Tax Year 2025
County King
Net Operating Income 25318
Insurance Expense 5010
New Construction N
Property Type Residential Income
HOA N
Subdivision Name South Auburn
Special Listing Conditions None
Status Active
Directions Use GPS - once you arrive go around the corner to the alley entrance. See the 'sign.
High School Auburn Snr High
City Auburn
Senior Community Y/N N
High School District Auburn
Open Parking Spaces 2
Number Of Units Total 2
MLS Area 310 - Auburn
Lot Size Units Square Feet
Lot Size Square Feet 7663
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Elementary School Buyer To Verify
Tax Annual Amount 5722
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Good
Public Remarks Possibly the best duplex deal in all of Auburn! Dont miss this outstanding investment opportunity in a quiet South Auburn neighborhood. The 509 unit shines with a full renovation including fresh pain
Leasable Area 1680
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company City of Auburn
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 2160
Property Style 52 - Duplex
Cap Rate 4.6
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Exterior
Exterior Amenities Wood
Lot Features Dead End Street
Water Source Public
Total Parking 2
Foundation Details Slab
Building Area Total 1680
Lot Size Acres 0.1759
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Fenced-Partially
Parking Uncovered Spaces 2
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Interior
Flooring Vinyl Plank
Total Fireplaces 0
Total Stories 1
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 NWM2457435
Street Number 1 507
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* Excluded Features
List By
Almaz Sebsebie

Listing Agent

John L. Scott, Inc

Broker

Affordability Calculator

$3,471
Per Month
86%
14%
0%
Monthly Principal & Interest
$2,995
Monthly Property Taxes
$477
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
3100725 Elementary School
3100140 Middle School
Auburn Snr High High School
Pricing History
DatePricePrice ChangeDescription
11/25/2025$480,000 Listed Price

Map


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507 L Street SE, Auburn, WA, 98002 is a Multi-Family Home for sale at $480,000 with 1,680 sqft and a lot size of 0.1759. 507 L Street SE is a studio with 0.0 baths and was built in 1968. The property's zip code is 98002 which is in Auburn, WA