Sold

Listed by: COMPASS • Erich Bubbel

Bought with: COMPASS

$958,000

421 37th Street SE, Auburn, WA 98002

8beds

8baths

4,064sqft

Quadruplex, Multi Family

Built in 1980

-- sqft lot

$929,500 Zestimate^®

$236/sqft

$1,969 Estimated rent

Home value

$929,500

$855,000 - $1.01M

$1,969/mo

Zestimate^® history

Owner options

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$1,969/mo

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$1,969/mo

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$5,950/mo

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$5,950/mo

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What's special

Secure storageDurable metal roofsLarge back patios

Prime 4-unit multifamily property in Auburn, WA, featuring spacious 2-bed, 1.5-bath units, each 1,016 SF, with large back patios and secure storage. Boasting a 6.69% cap rate, W/D hookups, extra storage unit on back patios, Newly painted in Sept 2025 with durable metal roofs for low maintenance. Ideal location near Seattle-Tacoma amenities. All units are fully occupied.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 8

Heating

Baseboard, Forced Air, Electric

Cooling

None

Features

Has fireplace: No

Interior area

Total structure area: 4,064
Total interior livable area: 4,064 sqft

Property

Parking

Total spaces: 8
Parking features: Open
Uncovered spaces: 8

Lot

Size: 0.28 Acres

Details

Parcel number: 3021059213
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: 4-Plex
Property subtype: Quadruplex, Multi Family

Materials

Wood Products
Roof: Metal

Condition

Year built: 1980

Utilities & green energy

Sewer: Sewer Connected

Community & HOA

Community

Subdivision: Auburn

Location

Region: Auburn

Financial & listing details

Price per square foot: $236/sqft
Tax assessed value: $835,000
Annual tax amount: $9,354
Date on market: 11/26/2025
Cumulative days on market: 238 days
Listing terms: Conventional

Price history

Date	Event	Price
12/19/2025	Sold	$958,000-3.2%$236/sqft
Source: NWMLS as distributed by MLS GRID #2436604 Report a problem
11/17/2025	Pending sale	$990,000$244/sqft
Source: NWMLS as distributed by MLS GRID #2436604 Report a problem
11/10/2025	Price change	$990,000-4.3%$244/sqft
Source: NWMLS as distributed by MLS GRID #2436604 Report a problem
9/25/2025	Listed for sale	$1,035,000+29.4%$255/sqft
Source: NWMLS as distributed by MLS GRID #2436604 Report a problem
8/14/2023	Sold	$800,000$197/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$10,548 +12.8%	$835,000 +6.4%
2024	$9,354 -12.8%	$785,000 -10.4%
2023	$10,729 +14.6%	$876,000 +7.1%
2022	$9,362 +2.9%	$818,000 +19.4%
2021	$9,097 +1.9%	$685,000 +7.7%
2020	$8,925 +5.2%	$636,000 +5%
2019	$8,487 +40.2%	$606,000 +25.7%
2018	$6,052 -7.1%	$482,000 +16.7%
2017	$6,515 +29.7%	$413,000 +0.5%
2016	$5,024	$411,000 +12%
2015	$5,024	$367,000 +12.2%
2014	$5,024	$327,000 +3.8%
2013	$5,024	$315,000 -6.8%
2012	--	$338,000 +25.2%
2011	--	$270,000 -37.9%
2010	--	$435,000
2009	--	$435,000 +22.5%
2007	--	$355,000 +25.9%
2006	--	$282,000
2005	--	$282,000 +45.8%
2001	$2,730 -4.8%	$193,400
2000	$2,866	$193,400