2302 I Street Northeast
Auburn, WA 98002
$1,099,000
Price
8
Beds
4
Baths
3,124 Sq. Ft.
$352 / Sq. Ft.
3,124
Sq. Ft.
$352
per Sq. Ft.
Listing provided courtesy of Heaton Dainard, LLC
Description
Well-maintained 4-Plex in Auburn. 7.14 Market Cap Rate. Unit 4 is currently occupied with great tenants, all other units have been remodeled and left vacant for viewing. This is a solid, turn-key investment property! Unit 4 remodeled in 2021, all other units remodeled in 2024. New appliances in all; shared coin-op onsite laundry for extra income; newer vinyl windows and exterior paint. All units are 2bed/1bath; 8 parking spaces. High-demand rental conveniently located near shopping, restaurants,...Well-maintained 4-Plex in Auburn. 7.14 Market Cap Rate. Unit 4 is currently occupied with great tenants, all other units have been remodeled and left vacant for viewing. This is a solid, turn-key investment property! Unit 4 remodeled in 2021, all other units remodeled in 2024. New appliances in all; shared coin-op onsite laundry for extra income; newer vinyl windows and exterior paint. All units are 2bed/1bath; 8 parking spaces. High-demand rental conveniently located near shopping, restaurants, and public transit.
- Listed by Scott Badger • Heaton Dainard, LLC
Property Details for 2302 I Street Northeast
Community Name
Auburn
School DistrictAuburn
Number of Assigned Spaces8
Total Covered Parking0
Entry Date08-09-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 10:41 AM
Property Details for 2302 I Street Northeast
| Status | Active |
|---|---|
| MLS # | 2276253 |
| Days on Market | 104 |
| Cumulative Days on Market | 104 |
| Taxes | $9,095 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1978 |
| Lot Size | 0.20 AC / 8,800 SF |
| County | King County |
Building Information for 2302 I Street Northeast
Stories2Residences4Year Built1978Building Size-Lot Size0.20 AC / 8,800 SF
Property Information for 2302 I Street Northeast
Summary
Location and General Information
- Style: 54 - 4-Plex
- Area: 310 - Auburn
- Effective Year Built Source: Public Records
- Directions: From Auburn Way N turn east on 22nd St NE to I St. Go north, property on east side of street.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- 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: Laminate
- Features: Laminate Hardwood
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard, Radiant
- FIRPTA: No
Exterior Features
- Exterior: Wood
- 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
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- First Right Of Refusal: true
- Letter On File: Duplicate Prop Type
- MLS Square Footage Source: Appraiser Drawing
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 2024
- Photos Count: 28
Lot Information
- Lot Details: Curbs, Sidewalk
- Lot Size Dimensions: 60 x 146
- Lot Size Source: Assessor
- Parcel Number Free Text: 5125400450
- Calculated Square Footage: 3124
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3124.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 8
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 11495
- Gross Adjusted Income: 90000
- Gross Rent Multiplier: 12.21
- Gross Scheduled Income: $90,000
- Insurance Expense: $2,400
- Net Operating Income: $78,505
- Other Expenses: $0
- Total Monthly Income: 7495
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 741
- Rent Unit 1: $1,950.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 741
- Rent Unit 2: $1,950.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 781
- Rent Unit 3: $1,950.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 781
- Rent Unit 4: $1,645.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Vacant
- Leasable Area: 3044.0
- Leasable Area Units: Square Feet
Property History for 2302 I 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 2302 I Street Northeast
Taxable ValueLand$90,000Additions$709,000Total$799,000
Tax Record2022$17,287 ($1,441 / month)
Home Facts
Total Finished SqFt3,000 SqFtAbove Ground SqFt3,000 SqFtStories2Lot Size8,800 SqFtStyleMulti-Family Dwelling (2-4)Year Built1978Year Renovated1997ZoningR20CountyKINGAPN512540-0450
Schools near 2302 I 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 Heaton Dainard, LLC
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.
