501 37th St SE Auburn, WA 98002
South Auburn NeighborhoodEstimated payment $6,523/month
Highlights
- Territorial View
- No HOA
- Forced Air Heating System
About This Home
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.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2436601
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,052
Year Built
- Built in 1980
Home Design
- Quadruplex
- Metal Roof
- Wood Composite
Interior Spaces
- 4,064 Sq Ft Home
- 2-Story Property
- Territorial Views
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Parking
- 8 Parking Spaces
- Open Parking
Additional Features
- 9,450 Sq Ft Lot
- Forced Air Heating System
Community Details
- No Home Owners Association
- Auburn Subdivision
Listing and Financial Details
- Assessor Parcel Number 3021059270
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,052 | $758,000 | $150,000 | $608,000 |
| 2023 | $9,362 | $876,000 | $137,000 | $739,000 |
| 2022 | $9,236 | $818,000 | $120,000 | $698,000 |
| 2021 | $8,925 | $696,000 | $115,000 | $581,000 |
| 2020 | $8,487 | $636,000 | $110,000 | $526,000 |
| 2018 | $6,515 | $482,000 | $100,000 | $382,000 |
| 2017 | $6,445 | $413,000 | $100,000 | $313,000 |
| 2016 | $6,249 | $411,000 | $100,000 | $311,000 |
| 2015 | $5,024 | $426,000 | $100,000 | $326,000 |
| 2014 | -- | $327,000 | $100,000 | $227,000 |
| 2013 | -- | $315,000 | $100,000 | $215,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/09/2025 11/09/25 | Pending | -- | -- | -- |
| 09/25/2025 09/25/25 | For Sale | $1,100,000 | -- | $271 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2436601
APN: 302105-9270
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Based on information submitted to the MLS GRID
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