1601 4th Street Southeast
Auburn, WA 98002
$818,888
Price
8
Beds
4
Baths
2,725 Sq. Ft.
$301 / Sq. Ft.
2,725
Sq. Ft.
$301
per Sq. Ft.
Listing provided courtesy of Homes & Equity Real Estate Grp
Description
Flat four-plex on a 0.34-acre corner lot with a detached four-car garage, offering a 6.5% CAP rate with $5,500 in monthly income and potential to increase to 7.55% ($6,400 monthly) by adjusting two tenant leases. Additional income comes from an on-site coin-operated laundry. Conveniently located near Hwy 18 and 167 for easy access. Each unit features 2 bedrooms, 1 full bath, and refinished hardwood floors, with hardwoods under the current flooring in the bedrooms and living rooms. The open-concept...Flat four-plex on a 0.34-acre corner lot with a detached four-car garage, offering a 6.5% CAP rate with $5,500 in monthly income and potential to increase to 7.55% ($6,400 monthly) by adjusting two tenant leases. Additional income comes from an on-site coin-operated laundry. Conveniently located near Hwy 18 and 167 for easy access. Each unit features 2 bedrooms, 1 full bath, and refinished hardwood floors, with hardwoods under the current flooring in the bedrooms and living rooms. The open-concept layout includes a fireplace, creating a welcoming space for tenants. The property offers two designated parking spaces in front of each unit, along with a commercial coin washer/dryer for added revenue. A huge backyard. Do not contact tenants!
- Listed by Mo Abdi • Homes & Equity Real Estate Grp
Property Details for 1601 4th Street Southeast
Community Name
Auburn
School DistrictAuburn
ViewTerritorial
Number of Assigned Spaces12
Total Covered Parking4
Entry Date11-15-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/18/2024 01:49 PM
Property Details for 1601 4th Street Southeast
| Status | Active |
|---|---|
| MLS # | 2311322 |
| Days on Market | 6 |
| Cumulative Days on Market | 6 |
| Taxes | $9,148 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1958 |
| Lot Size | 0.34 AC / 14,810 SF |
| County | King County |
Building Information for 1601 4th Street Southeast
Stories1Residences4Year Built1958Building Size-Lot Size0.34 AC / 14,810 SF
Property Information for 1601 4th Street Southeast
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Outbuildings
- Area: 310 - Auburn
- Effective Year Built Source: Public Records
- Directions: GPS friendly.
- 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: 8.0
- 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: Hardwood, Vinyl, Carpet
- Features: Hardwood, Wall to Wall Carpet
- Amenities: Thermal Windows
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
Exterior Features
- Exterior: Brick
- Roof: Composition
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: Poured Concrete
- 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
- Year Built Effective: 1988
- Photos Count: 19
Lot Information
- Lot Details: Paved
- Lot Size Source: Realist
- Parcel Number Free Text: 1721059130
- Building Condition: Good
- Calculated Square Footage: 2725
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2725.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
- Green Energy Efficient: Thermal Windows
Multi Family
Building Details
- Number of Uncovered Spaces: 8
- Number of Stories in Building: 1
- Vacancy Rate: 2
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 11187
- Gross Adjusted Income: 63600
- Gross Rent Multiplier: 12.5
- Gross Scheduled Income: $63,600
- Insurance Expense: $2,039
- Net Operating Income: $52,413
- Other Expenses: $0
- Total Monthly Income: 5500
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1601
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 680
- Rent Unit 1: $1,100.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 1603
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 680
- Rent Unit 2: $1,500.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 1605
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 680
- Rent Unit 3: $1,100.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 1607
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 680
- Rent Unit 4: $1,600.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2725.0
- Leasable Area Units: Square Feet
Property History for 1601 4th Street Southeast
| 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 1601 4th Street Southeast
Taxable ValueLand$100,000Additions$599,000Total$699,000
Tax Record2022$7,986 ($666 / month)
Home Facts
Total Finished SqFt2,724 SqFtAbove Ground SqFt2,724 SqFtStories1Lot Size14,810 SqFtStyleMulti-Family Dwelling (2-4)Year Built1958Year Renovated1988ZoningR10CountyKINGAPN172105-9130Fireplace TypeHas Fireplace
Schools near 1601 4th Street Southeast
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 |
|---|---|---|
Lake View 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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near North Auburn
Neighborhoods
Cities
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.
