Income generating opportunity! With a cap rate of 5.9% you'll enjoy great cash flow generated by these 4 units, consisting of 2 duplexes. Each unit is 3 BD, 1 BA with kitchen, and laundry. Terrific Auburn location with lots of parking and fully fenced. Being sold AS-IS. Don't miss this opportunity to secure a solid, income-generating asset! Seller has a 2.5% FHA assumable loan.
Sold
Listed by: eXp Realty • Donna Huber
Bought with: GXPlus-Realty
$815,000
702 L St SE, Auburn, WA 98002
--beds
--baths
3,440sqft
Quadruplex, Multi Family
Built in 1942
-- sqft lot
$780,500 Zestimate®
$237/sqft
$2,197 Estimated rent
Home value
$780,500
$710,000 - $843,000
$2,197/mo
Zestimate® history
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$4,963/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Donna Huber,
eXp Realty
Bought with:
Pavel Radchuk, 21012361
GXPlus-Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2267900
Facts & features
Interior
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,440
- Total interior livable area: 3,440 sqft
Property
Parking
- Total spaces: 15
- Parking features: Open
- Uncovered spaces: 15
Features
- Patio & porch: Wall to Wall Carpet
Lot
- Size: 0.48 Acres
- Features: Paved
Details
- Parcel number: 1821059302
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1942
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Sewer Connected, Company: City of Auburn
- Water: Public, Company: Public
Community & HOA
Community
- Subdivision: South Auburn
Location
- Region: Auburn
Financial & listing details
- Price per square foot: $237/sqft
- Tax assessed value: $650,000
- Annual tax amount: $8,075
- Date on market: 6/27/2024
- Cumulative days on market: 755 days
- Listing terms: Assumable,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2024 | Sold | $815,000-9.4%$237/sqft |
Source:  NWMLS as distributed by MLS GRID #2267900 Report a problem | ||
| 8/27/2024 | Pending sale | $900,000$262/sqft |
Source: NWMLS as distributed by MLS GRID #2267900 Report a problem | ||
| 8/14/2024 | Listed for sale | $900,000$262/sqft |
Source: NWMLS as distributed by MLS GRID #2267900 Report a problem | ||
| 8/4/2024 | Pending sale | $900,000$262/sqft |
Source: NWMLS as distributed by MLS GRID #2267900 Report a problem | ||
| 7/24/2024 | Listed for sale | $900,000+50.3%$262/sqft |
Source: NWMLS as distributed by MLS GRID #2267900 Report a problem | ||
| 10/31/2016 | Listing removed | $599,000$174/sqft |
Source: Windermere Real Estate/Renton, Inc. #958250 Report a problem | ||
| 6/10/2016 | Listed for sale | $599,000+41.9%$174/sqft |
Source: Windermere Real Estate/Renton, Inc. #958250 Report a problem | ||
| 10/25/2006 | Sold | $422,000+41.6%$123/sqft |
Source: Public Record Report a problem | ||
| 9/23/2001 | Sold | $298,000+22.9%$87/sqft |
Source: NWMLS as distributed by MLS GRID #21107434 Report a problem | ||
| 6/24/1999 | Sold | $242,500$70/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,303 +0.1% | $650,000 -6.3% |
| 2024 | $8,292 +2.7% | $694,000 +6.4% |
| 2023 | $8,075 +3% | $652,000 -4.3% |
| 2022 | $7,838 +8.3% | $681,000 +25.9% |
| 2021 | $7,239 +7.1% | $541,000 +13.4% |
| 2020 | $6,760 +10.1% | $477,000 +10.7% |
| 2019 | $6,141 +6.4% | $431,000 -6.5% |
| 2018 | $5,772 -12.3% | $461,000 +9.8% |
| 2017 | $6,583 +33% | $420,000 +12.6% |
| 2016 | $4,951 | $373,000 +9.1% |
| 2015 | $4,951 | $342,000 +5.6% |
| 2014 | $4,951 | $324,000 +28.1% |
| 2013 | $4,951 | $253,000 +17.7% |
| 2012 | -- | $215,000 -15.4% |
| 2011 | -- | $254,000 -15.3% |
| 2010 | -- | $300,000 |
| 2009 | -- | $300,000 -2.9% |
| 2007 | -- | $309,000 +6.6% |
| 2006 | -- | $290,000 +7% |
| 2005 | -- | $271,000 +30.9% |
| 2001 | $2,932 +1.6% | $207,000 +6.7% |
| 2000 | $2,885 | $194,000 |
Find assessor info on the county website
Neighborhood: 98002
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Nearby schools
GreatSchools rating
- 5/10Terminal Park Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 3/10Olympic Middle SchoolGrades: 6-8Distance: 0.8 mi
- 2/10Auburn Senior High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Terminal Park Elem
- Middle: Olympic 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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Estimated market value
$780,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$780,500
- Washington
- King County
- Auburn
- 98002
- 702 L St SE
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