402 4th Street SE Auburn, WA $ 675,000
402 4th Street SE
$ 675,000
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402 4th Street SE

Auburn, WA, 98002
$ 675,000
Bedrooms6 Baths6.0 Sq 2,540

Monthly Estimate*

$ 4,262

Listed by KW Mountains to Sound Realty
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Multi-Family Home for sale in Auburn, WA

for $675,000 with 6 bedrooms and 6 full baths. This 2,540 square foot home was built in 1989 on a lot size of 0.2282.

Rare Auburn duplex offering immediate income, recent improvements, and compelling upside in a low-inventory market. Unit A is currently rented at $2,200/month. Unit B has been completely rehabbed with fresh paint, new trim and flooring and is ready for occupancy at an estimated market rent of $2,300/month, creating the potential for $4,500/month in combined gross rent. Each spacious 1,270 SF unit features 3 bedrooms, 2.5 baths, a private garage, in-unit laundry, balcony, and private yard, offering the space and amenities tenants want. Situated on a desirable corner lot in a convenient, walkable community near shopping, dining, medical services, schools, public transportation, and everyday amenities, with quick commuter access to Highways 18 and 167. New roof and exterior paint completed in 2024 add to the property's appeal and reduce near-term capital expenditures. Ideal for an owner-occupant looking to live in one unit and rent the other, a first-time investor seeking a practical entry into real estate investing, or a seasoned buyer looking to add a strong-performing asset to a portfolio. With one unit producing income and the second freshly updated and positioned for market rent, this duplex offers flexibility, income potential, and a clear path to enhanced long-term value. Auburn duplex inventory can be difficult to replace, making this a compelling opportunity to secure a versatile property with both current income and future growth potential.

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Multi-Family Pending

Price

$ 675,000

Bedrooms

6

Full Bath

6

Property Type

Multi-Family

Taxes

$ 7,760

Style

Duplex

Lot Size

0.2282

Year Built

1989

Town/City

Auburn

County/Region

King

MLS | Web ID

2578155

Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Furnace
Cooling None
Possession Closing Negotiable Subject To Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 2
Security Features Partially Fenced
Year Built 1989
Property Subtype Multi Family
Tax Year 2026
Building Name Theron Addition
County King
Net Operating Income 44347
Insurance Expense 1893
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Downtown - Auburn
Possible Use Multi-Family
Special Listing Conditions None
Status Pending Inspection
Directions From Auburn Way South turn East on 4th St Se to duplex on the right OR from M St SE to West on 4th St Se to duplex on the left.
High School Auburn Snr High
City Auburn
Senior Community Y/N N
High School District Auburn
Zoning Description Multi-Family
Number Of Units Total 2
MLS Area 310 - Auburn
Lot Size Units Square Feet
Lot Size Square Feet 9940
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Elementary School Washington Elementary
Tax Annual Amount 7760
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Cascade Mid
Property Condition Good
Public Remarks Rare Auburn duplex offering immediate income recent improvements and compelling upside in a low-inventory market. Unit A is currently rented at $2 200/month. Unit B has been completely rehabbed with
Leasable Area 2540
Structure Type Duplex
Building Area Units Square Feet
Standard Status Pending
Water Company City of Auburn
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 6.3
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Exterior
Exterior Amenities Wood Wood Products
Lot Features Corner Lot Curbs Paved Sidewalk
Water Source Public
Total Parking 4
Foundation Details Slab
Building Area Total 2540
Lot Size Acres 0.2282
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Fenced-Partially Patio
Parking Uncovered Total 4
Lot Number 1
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Interior
Flooring Vinyl Vinyl Plank 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 NWM2578155
Street Number 1 402
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* Excluded Features
List By
Brian Manaois

Listing Agent

Kw Mountains To Sound Realty

Broker

Affordability Calculator

$4,909
Per Month
87%
13%
0%
Monthly Principal & Interest
$4,262
Monthly Property Taxes
$647
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
9/11/2026$675,000 Listed Price

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402 4th Street SE, Auburn, WA, 98002 is a Multi-Family Home for sale at $675,000 with 2,540 sqft and a lot size of 0.2282. 402 4th Street SE has 6 bedrooms, 6.0 baths, and was built in 1989. The property's zip code is 98002 which is in Auburn, WA