Turn-key 5 unit rental property in the heart of Auburn! This fully rented investment property is walking distance to Main Street with all the shops, restaurants and public transportation. The building has a brand new roof and siding, and all units have been recently updated—no major work needed. 100% occupancy with zero vacancies and a waitlist. Some tenants have been here for over 7 years and would love to stay. There’s off-street parking in back for up to 6 cars, plus an on-site coin-op laundry room that brings in an extra $200/month. This is a solid, low-maintenance rental property in a great location with strong tenant demand. Ready to go from day one.
Active
Listed by: Torre Realty • Elena Pike
Price cut: $6K (6/20)
$989,000
306 2nd ST NE, Auburn, WA 98002
7beds
5baths
--sqft
Quadruplex
Built in 1922
-- sqft lot
$938,500 Zestimate®
$--/sqft
$-- HOA
What's special
Off-street parkingOn-site coin-op laundry roomBrand new roof
- 399 days |
- 76 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Elena Pike,
Torre Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2391346
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
Heating
- Baseboard, Forced Air, Electric, Natural Gas
Cooling
- None
Features
- Flooring: Laminate
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 6
- Parking features: Open
- Uncovered spaces: 6
Lot
- Size: 6,608 Square Feet
- Dimensions: 6608
Details
- Parcel number: 5568200095
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1922
- Major remodel year: 1922
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Auburn
- Water: Community, Company: City of Auburn
Community & HOA
Community
- Subdivision: Auburn
Location
- Region: Auburn
Financial & listing details
- Tax assessed value: $675,000
- Annual tax amount: $6,607
- Date on market: 6/12/2025
- Cumulative days on market: 400 days
- Listing terms: Conventional
Estimated market value
$938,500
$892,000 - $985,000
$1,725/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/20/2026 | Price change | $989,000-0.6% |
Source:  NWMLS as distributed by MLS GRID #2391346 Report a problem | ||
| 2/5/2026 | Price change | $995,000-0.4% |
Source: NWMLS as distributed by MLS GRID #2391346 Report a problem | ||
| 9/12/2025 | Price change | $999,000-2.5% |
Source: NWMLS as distributed by MLS GRID #2391346 Report a problem | ||
| 8/28/2025 | Price change | $1,025,000-6% |
Source: NWMLS as distributed by MLS GRID #2391346 Report a problem | ||
| 6/13/2025 | Listed for sale | $1,090,000+518.3% |
Source: NWMLS as distributed by MLS GRID #2391346 Report a problem | ||
| 12/1/2015 | Listing removed | $780 |
Source: Alice Report a problem | ||
| 11/24/2015 | Listed for rent | $780 |
Source: Alice Report a problem | ||
| 12/6/2013 | Sold | $176,299-2.1% |
Source: NWMLS as distributed by MLS GRID #564099 Report a problem | ||
| 11/9/2013 | Listed for sale | $180,000-2.8% |
Source: REALHome Services and Solutions #564099 Report a problem | ||
| 8/17/2013 | Listing removed | $185,199 |
Source: Hubzu #497765 Report a problem | ||
| 5/3/2013 | Listed for sale | $185,199-28.1% |
Source: Hubzu Report a problem | ||
| 3/9/2013 | Listing removed | $257,497 |
Source: Hubzu #432602 Report a problem | ||
| 3/7/2013 | Price change | $257,497-4.8% |
Source: Hubzu #432602 Report a problem | ||
| 12/20/2012 | Price change | $270,367+0.5% |
Source: REALHome Services and Solutions #432602 Report a problem | ||
| 12/7/2012 | Price change | $268,9180% |
Source: Hubzu Report a problem | ||
| 11/28/2012 | Price change | $268,923+61% |
Source: Hubzu #426366 Report a problem | ||
| 11/22/2012 | Listed for sale | $167,000+85.6% |
Source: REALHome Services and Solutions Report a problem | ||
| 9/19/2012 | Listing removed | $90,000 |
Source: Altisource Portfolio Solutions Report a problem | ||
| 8/25/2012 | Price change | $90,000+4.7% |
Source: Altisource Portfolio Solutions Report a problem | ||
| 8/21/2012 | Listed for sale | $86,000-68.7% |
Source: Altisource Portfolio Solutions Report a problem | ||
| 6/1/2012 | Sold | $275,000+70.3% |
Source: Public Record Report a problem | ||
| 4/7/2012 | Pending sale | $161,500 |
Source: Coldwell Banker Bain Associates #288163 Report a problem | ||
| 3/10/2012 | Price change | $161,500-4.9% |
Source: Coldwell Banker Bain Associates #288163 Report a problem | ||
| 3/4/2012 | Price change | $169,900-5.6% |
Source: Coldwell Banker Bain Associates #288163 Report a problem | ||
| 2/25/2012 | Listed for sale | $179,900-40% |
Source: Coldwell Banker Bain Associates #288163 Report a problem | ||
| 9/16/2005 | Sold | $300,000+16.7% |
Source: Public Record Report a problem | ||
| 10/24/2003 | Sold | $257,000+14.2% |
Source: NWMLS as distributed by MLS GRID #23035383 Report a problem | ||
| 8/9/2001 | Sold | $225,000 |
Source: NWMLS as distributed by MLS GRID #21004716 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,659 +2.4% | $675,000 -4.1% |
| 2024 | $8,458 +28% | $704,000 +34.9% |
| 2023 | $6,606 +3.1% | $522,000 -4.2% |
| 2022 | $6,409 +8.4% | $545,000 +25.9% |
| 2021 | $5,910 +4% | $433,000 +9.9% |
| 2020 | $5,681 +9.2% | $394,000 +10.7% |
| 2019 | $5,200 +60.6% | $356,000 +50.2% |
| 2018 | $3,239 -10.9% | $237,000 +9.7% |
| 2017 | $3,633 +31.3% | $216,000 +12.5% |
| 2016 | $2,766 | $192,000 +9.1% |
| 2015 | $2,766 | $176,000 +5.4% |
| 2014 | $2,766 | $167,000 +27.5% |
| 2013 | $2,766 | $131,000 -37.9% |
| 2011 | -- | $211,000 -15.3% |
| 2010 | -- | $249,000 |
| 2009 | -- | $249,000 +0.4% |
| 2007 | -- | $248,000 +6.4% |
| 2006 | -- | $233,000 +6.9% |
| 2005 | -- | $218,000 +25.3% |
| 2001 | $2,465 +1.7% | $174,000 +6.7% |
| 2000 | $2,425 | $163,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98002
Nearby schools
GreatSchools rating
- 5/10Washington Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 3/10Cascade Middle SchoolGrades: 6-8Distance: 1.5 mi
- 2/10Auburn Senior High SchoolGrades: 9-12Distance: 0.2 mi
Schools provided by the listing agent
- Elementary: Washington Elementary
- Middle: Cascade Mid
- High: Auburn Snr High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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