NOT LISTED FOR SALE

505 N Division St Auburn, WA 98001

Downtown Auburn Neighborhood
4 Beds
3 Baths
35,000 Sq Ft
1.24 Acres

Last Sold November 10, 2014

Last sale price $3,610,000 $103 Per Sq Ft

76 Days on Market

About This Home

As of November 2014

Arbor Place Apartments are a 40 unit complex made up of 4 buildings with 10 units apiece. Built in 1968, all units were fully renovated in 2012. Ownership spent more than $1 million completely renovating both the property’s exterior as well as the unit interiors. This enables the ability to increase rents and virtually eliminates the need for any capital expenditure on the property for the next several years. Controlled access and 42 carports.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $50,443

Year Built

  • Built in 1968

Lot Details

  • 1.24 Acre Lot

Parking

  • 42 Parking Spaces

Home Design

  • Composition Roof
  • Stone Siding
  • Wood Composite

Interior Spaces

  • 35,000 Sq Ft Home
  • 2-Story Property

Community Details

  • Auburn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6053400405

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$50,443

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1968
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 35000
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 462

Interior Features

  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Stone, Wood Products
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 42
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 42
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 42654

Schools

  • Junior High Dist: Auburn

Lot Info

  • Parcel Number: 6053400405
  • Lot Size Acres: 1.2416
  • Lot Size Sq Ft: 54085
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 8
  • LeasedItems: None
  • TotalMonthlyIncome: 35399

Multi Family

  • Gross Scheduled Income: 414036
  • Net Operating Income: 222026
  • Number Of Units Total: 3
  • Insurance Expense: 8770
  • Leasable Area: 35000
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2014
  • Tax Annual Amount: 50443

Range of Values:

Collateral Analytics

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2014 11/10/14 Sold $3,610,000 -3.1% $103 / Sq Ft
08/12/2014 08/12/14 Pending -- -- --
05/27/2014 05/27/14 For Sale $3,725,000 -- $106 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 642387

Northwest Multiple Listing Service (NWMLS)
Washington King County Auburn 98001 Downtown Auburn

505 N Division St, Auburn, WA

This home is located at 505 N Division St, Auburn, WA 98001 since 27 May 2014. This property was built in 1968. 505 N Division St is a home located in King County with nearby schools including Washington Elementary School, Cascade Middle School, and Auburn High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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