402 4th Street Southeast
Auburn, WA 98002
$740,000
Price
6
Beds
5
Baths
2,540 Sq. Ft.
$291 / Sq. Ft.
2,540
Sq. Ft.
$291
per Sq. Ft.
Listing provided courtesy of KW Mountains to Sound Realty
Description
Hard to find cash flow, value-add opportunity available with this duplex in the heart of Auburn. Strong rental income, with room to increase rents, on Unit A with rent at $2,150 for a 1,270 square foot unit. Second Unit B, also at 1,270 square feet, is far below market rate at $1,825 and is primed for a substantial rental increase. Desirable corner lot units are both 3 bedrooms, 2.5 baths and have separate garages, laundry and balconies. Conveniently located in a walkable community and close to shopping,...Hard to find cash flow, value-add opportunity available with this duplex in the heart of Auburn. Strong rental income, with room to increase rents, on Unit A with rent at $2,150 for a 1,270 square foot unit. Second Unit B, also at 1,270 square feet, is far below market rate at $1,825 and is primed for a substantial rental increase. Desirable corner lot units are both 3 bedrooms, 2.5 baths and have separate garages, laundry and balconies. Conveniently located in a walkable community and close to shopping, restaurants, medical services, public transportation, and perfect for commuters of Highways 18 & 167. Live in one side and rent the other, add to your portfolio or begin your journey toward wealth building.
- Listed by Brian Manaois • KW Mountains to Sound Realty
Property Details for 402 4th Street Southeast
Community Name
Downtown - Auburn
School DistrictAuburn
Number of Assigned Spaces6
Total Covered Parking2
Entry Date10-04-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 12:21 PM
Property Details for 402 4th Street Southeast
| Status | Active |
|---|---|
| MLS # | 2298255 |
| Days on Market | 48 |
| Cumulative Days on Market | 48 |
| Taxes | $6,088 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1989 |
| Lot Size | 0.23 AC / 9,940 SF |
| County | King County |
Building Information for 402 4th Street Southeast
Stories2Residences2Year Built1989Building Size-Lot Size0.23 AC / 9,940 SF
Property Information for 402 4th Street Southeast
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: Deck, Fenced-Partially, Patio
- Area: 310 - Auburn
- Elementary School: Washington Elementary
- Middle Or Junior School: Cascade Mid
- High School: Auburn Snr High
- Effective Year Built Source: Public Records
- 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.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
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: Vinyl, Carpet
- Features: Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Wood, Wood Products
- Roof: Composition
- Security Features: FullyFenced
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: 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
- Year Built Effective: 1989
- Photos Count: 2
Lot Information
- Lot Details: Corner Lot, Curbs, Paved, Sidewalk
- Lot Number: 1
- Lot Size Source: Realist
- Parcel Number Free Text: 8595700010
- Building Condition: Average
- Calculated Square Footage: 2540
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2540.0
- 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: 0
- Number Of Units Total: 2
- Units Below Grade: false
- Units In Building Total: 2
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 13807
- Gross Adjusted Income: 33893
- Gross Rent Multiplier: 15.51
- Gross Scheduled Income: $47,700
- Insurance Expense: $1,282
- Net Operating Income: $33,893
- Other Expenses: $6,437
- Total Monthly Income: 3975
- 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: 1270
- Rent Unit 1: $2,150.00
- Bedrooms Unit 1: 3
- Fireplaces Unit 1: 1
- 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: 1270
- Rent Unit 2: $1,825.00
- Bedrooms Unit 2: 3
- Fireplaces Unit 2: 1
- Bathrooms Unit 2: 3
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2540.0
- Leasable Area Units: Square Feet
Property History for 402 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 402 4th Street Southeast
Taxable ValueLand$102,000Additions$404,000Total$506,000
Tax Record2022$5,910 ($493 / month)
Home Facts
Baths3Total Finished SqFt2,540 SqFtAbove Ground SqFt2,540 SqFtStories2Lot Size9,940 SqFtStyleDuplexYear Built1989ZoningR10CountyKINGAPN859570-0010Fireplace TypeHas Fireplace
Schools near 402 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 |
|---|---|---|
Washington 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 KW Mountains to Sound Realty
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.
