Sold

Listed by: COMPASS • Erich Bubbel

Bought with: Olaie

$958,000

501 37th Street SE, Auburn, WA 98002

8beds

8baths

4,064sqft

Quadruplex, Multi Family

Built in 1980

-- sqft lot

$929,400 Zestimate^®

$236/sqft

$1,962 Estimated rent

Home value

$929,400

$855,000 - $1.01M

$1,962/mo

Zestimate^® history

Owner options

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$1,962/mo

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$1,962/mo

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$5,950/mo

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$5,950/mo

Est. payment

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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 5.49% cap rate, with a projected increase to 5.91% by Dec 1, 2025, due to scheduled rent increases. 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. Seller financing available. All units are fully occupied.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 8

Heating

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

Features

Has view: Yes
View description: Territorial

Lot

Size: 9,448 Square Feet
Features: Paved, Sidewalk

Details

Parcel number: 3021059270
Zoning description: Multi-Family
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
Major remodel year: 1982

Utilities & green energy

Sewer: Sewer Connected
Water: Public

Community & HOA

Community

Subdivision: Auburn

Location

Region: Auburn

Financial & listing details

Price per square foot: $236/sqft
Tax assessed value: $825,000
Annual tax amount: $9,052
Date on market: 11/30/2025
Cumulative days on market: 234 days
Listing terms: Conventional,FHA

Price history

Date	Event	Price
12/15/2025	Sold	$958,000-12.9%$236/sqft
Source: NWMLS as distributed by MLS GRID #2436601 Report a problem
11/10/2025	Pending sale	$1,100,000$271/sqft
Source: NWMLS as distributed by MLS GRID #2436601 Report a problem
9/25/2025	Listed for sale	$1,100,000$271/sqft
Source: NWMLS as distributed by MLS GRID #2436601 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$10,429 +15.2%	$825,000 +8.8%
2024	$9,052 -15.6%	$758,000 -13.5%
2023	$10,729 +14.6%	$876,000 +7.1%
2022	$9,362 +1.4%	$818,000 +17.5%
2021	$9,236 +3.5%	$696,000 +9.4%
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 -3.5%
2015	$5,024	$426,000 +30.3%
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 +44.2%
2001	$2,761 -4.8%	$195,600
2000	$2,899	$195,600