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About the Listing 2016 - 147407
7-unit multifamily property offering strong current income and long-term potential. Each spacious 2BD/1BA unit has been renovated with luxury vinyl plank flooring, stainless steel appliances, and updated fixtures. Major capital improvements—including new roofs, furnaces, and water heaters—eliminate deferred maintenance. Tenants enjoy in-unit laundry, private garages, and fully fenced private backyards. Ideally located between Seattle and Tacoma, close to walkable schools, transit, and major employers. The Kent/Auburn submarket saw 95.3% occupancy in Q1 2025 and is projected for effective rent increases of 4.2% through 2025. Offers a true 6.8% cap rate with potential for income growth. Optional portfolio sale w/ nearby 8-unit MLS#2394373
Listing Highlights
Status
Pending
Days on Site
129
Property Type
Multi-Family
MLS ®
2394374
Year Built
1977
Total Square Footage
845
Lot/Acreage
0.95
Interior Details
- Bedrooms: 2
- Bathrooms: 1 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Community
Exterior Details
- Lot Description: Paved,Sidewalk,Cable TV,Fenced-Fully,High Speed Internet,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 19
- Zoning: Multi-Family
- Roof: Composition
- Others: Wood
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $15,553
- Taxes w/Assessments: N/A
- Tax/Property ID: 2285140000
- Tax Year: 2025
Payment Calculator
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Questions About..
802 21st St SE Auburn, WA 98002
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