1203 22nd Street Northeast
Auburn, WA 98002
$699,888
Price
6
Beds
4
Baths
2,812 Sq. Ft.
$249 / Sq. Ft.
2,812
Sq. Ft.
$249
per Sq. Ft.
Listing provided courtesy of Homes & Equity Real Estate Grp
Description
Excellent investment opportunity with a strong 7% CAP rate and $5,000 in monthly rental income, potential for immediate growth. Live in one unit & rent the other or acquire a solid investment property. This corner-lot, townhome-style duplex is ideally located with easy access to I-167 and nearby amenities. Unit A is currently occupied with a lease ending in 6/25 & Unit B is vacant. Each unit features 3 bedrooms (2 upstairs, 1 downstairs), with 1 full bath upstairs, a ½ bath downstairs, and a laundry...Excellent investment opportunity with a strong 7% CAP rate and $5,000 in monthly rental income, potential for immediate growth. Live in one unit & rent the other or acquire a solid investment property. This corner-lot, townhome-style duplex is ideally located with easy access to I-167 and nearby amenities. Unit A is currently occupied with a lease ending in 6/25 & Unit B is vacant. Each unit features 3 bedrooms (2 upstairs, 1 downstairs), with 1 full bath upstairs, a ½ bath downstairs, and a laundry room. Unit A boasts a master bedroom with an owner’s suite on the main floor, a newly designed open kitchen layout, and an upgraded electric panel. Each unit includes a flat, fully fenced yard with a front covered porch. Do not contact tenants!"
- Listed by Mo Abdi • Homes & Equity Real Estate Grp
Property Details for 1203 22nd Street Northeast
Community Name
Auburn
School DistrictAuburn
ViewTerritorial
Number of Assigned Spaces4
Total Covered Parking0
Entry Date11-14-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/16/2024 05:19 PM
Property Details for 1203 22nd Street Northeast
| Status | Active |
|---|---|
| MLS # | 2310446 |
| Days on Market | 7 |
| Cumulative Days on Market | 7 |
| Taxes | $6,981 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1969 |
| Lot Size | 0.15 AC / 6,512 SF |
| County | King County |
Building Information for 1203 22nd Street Northeast
Stories2Residences2Year Built1969Building Size-Lot Size0.15 AC / 6,512 SF
Property Information for 1203 22nd Street Northeast
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: Fenced-Fully
- Area: 310 - Auburn
- Directions: GPS friendly. N. on Auburn way, turn right on 22nd duplex is down street on left. Corner lot.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 4.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Laminate, Vinyl, Carpet
- Features: Laminate, Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Metal/Vinyl
- Roof: Composition
- Security Features: PartiallyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 0
- Power Company: PSE
- Sewer Company: City of Auburn
- Water Company: City of Auburn
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Foundation: Slab
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: Realist
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 18
Lot Information
- Lot Details: Corner Lot, Curbs, Paved
- Lot Number: 10
- Lot Size Source: Realist
- Parcel Number Free Text: 2891700100
- Calculated Square Footage: 2812
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2812.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 4
- Number of Stories in Building: 2
- Vacancy Rate: 2
- Number Of Units Total: 2
- Units Below Grade: false
- Units In Building Total: 2
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 8961
- Gross Adjusted Income: 59280
- Gross Rent Multiplier: 12
- Gross Scheduled Income: $59,280
- Insurance Expense: $1,980
- Net Operating Income: $50,319
- Other Expenses: $0
- Total Monthly Income: 4940
- Fuel Expense: $0
Unit 1
- Name Unit 1: A
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 1406
- Rent Unit 1: $2,440.00
- Bedrooms Unit 1: 3
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 3
Unit 2
- Name Unit 2: B
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 1406
- Rent Unit 2: $2,500.00
- Bedrooms Unit 2: 3
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 2
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2812.0
- Leasable Area Units: Square Feet
Property History for 1203 22nd Street Northeast
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1203 22nd Street Northeast
Taxable ValueLand$136,000Additions$451,000Total$587,000
Tax Record2022$6,776 ($565 / month)
Home Facts
Baths3Total Finished SqFt2,812 SqFtAbove Ground SqFt2,812 SqFtStories2Lot Size6,512 SqFtStyleDuplexYear Built1969ZoningR10CountyKINGAPN289170-0100Fireplace TypeHas Fireplace
Schools near 1203 22nd Street Northeast
This home is within Auburn School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 12 |
Rating | School | Distance |
|---|---|---|
Dick Scobee Elementary School PublicPK to 5 | ||
Cascade Middle School Public6 to 8 | ||
Auburn Senior High School Public9 to 12 | ||
Special Ed School PublicPK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Homes & Equity Real Estate Grp
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
