Sold

Listed by: John L. Scott, Inc • Jonathan D. Bye

Bought with: ZNonMember-Office-MLS

$1,050,000

514 8th Street NE, Auburn, WA 98002

--beds

--baths

5,493sqft

Multi Family

Built in 1989

-- sqft lot

$1,161,300 Zestimate^®

$191/sqft

$2,003 Estimated rent

Home value

$1,161,300

$1.07M - $1.27M

$2,003/mo

Zestimate^® history

Owner options

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$2,003/mo

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$2,003/mo

Rent Zestimate^®

Refinance and save

$6,326/mo

Est. payment

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$6,326/mo

Est. payment

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What's special

Penny Lane Apartments offered for the first time since its construction. Located in DT Auburn, well-maintained & consists of two 2-story buildings. One being a duplex & another a triplex; consisting of three 2BD/1BTH units & two 2BD/1.5BTH townhomes ranging between 915-1240SF. Units feature all kitchen applncs, baseboard heating, patio/balconies, vinyl & carpet flooring, washer/dryer hook ups, attached garages along with some having additional off street parking. Both buildings are comprised of asphalt shingle roofs which were replaced in 2007, aluminum siding & vinyl windows. A new owner will benefit from the multitude of options in increasing the income at Penny Lane based off their operational strategy. Don't miss this great opportunity!

Facts & features

Interior

Heating

Baseboard, Electric

Cooling

None

Features

Flooring: Vinyl, Carpet
Has fireplace: No

Interior area

Total structure area: 5,493
Total interior livable area: 5,493 sqft

Property

Parking

Total spaces: 15
Parking features: Open
Covered spaces: 5
Uncovered spaces: 10

Features

Patio & porch: Wall to Wall Carpet
Has view: Yes
View description: Territorial

Lot

Size: 0.39 Acres
Features: Corner Lot, Paved, Sidewalk, Cable TV, High Speed Internet, Patio

Details

Parcel number: 1821059178
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Metal/Vinyl
Roof: Composition

Condition

Year built: 1989

Utilities & green energy

Electric: Company: PSE
Sewer: Sewer Connected, Company: City of Auburn
Water: Public, Company: City of Auburn
Utilities for property: Comcast/Xfinity, Comcast/Xfinity

Community & HOA

Community

Subdivision: Auburn

Location

Region: Auburn

Financial & listing details

Price per square foot: $191/sqft
Annual tax amount: $14,549
Offers reviewed: 04/04/2024
Date on market: 4/13/2024
Cumulative days on market: 713 days
Listing terms: Conventional

Price history

Date	Event	Price
5/6/2024	Sold	$1,050,000+5%$191/sqft
Source: NWMLS as distributed by MLS GRID #2212579 Report a problem
4/15/2024	Pending sale	$1,000,000$182/sqft
Source: NWMLS as distributed by MLS GRID #2212579 Report a problem
3/21/2024	Listed for sale	$1,000,000$182/sqft
Source: NWMLS as distributed by MLS GRID #2212579 Report a problem