We are pleased to present D Place Apartments, a well-maintained MF asset located in Auburn, WA. Built in 1981 and recently updated, this 4-Plex features 2-BD/1-BTH units, each 960SF with full sized W/D. The property offers a compelling investment opportunity with immediate cash flow and additional upside through rent growth.It is situated on a corner lot with great street visibility for signage and rentability. 3/4 units have undergone interior renovations, including SS appliances, LVP flooring, etc. Each unit also includes a private patio or balcony and a fireplace. A new roof was installed in 2017. This is a rare chance to acquire a stabilized property with additional upside potential - rents are estimated to be 10% below market.
| MLS # | 2545347 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1981 |
| Days On Site | 77 |
| Listing Provided By | Northmarq Multifamily, LLC | Steve Fischer |
| SQ Feet | 3,784 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Zoning | Multi-Family |
| Acreage | 0.25 |
| Property View | Yes |
| Property | 10537 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Auburn |
| Zip Code | 98002 |
| Area | 310 Auburn |
| Community Name | Auburn |
| Listing VS Median (in Auburn) | |
Price: $1,100,000 low | high Med: $495,000 sqft: 3,784 low | high Med: 1,605 $ / sqft: $291 low | high Med: $315 On site: 77 low | high Med: 51 | |
| State | WA |
|---|---|
| County | King |
| City | Auburn |
| Zip Code | 98002 |
| Area | 310 Auburn |
| Community Name | Auburn |
| Listing VS Median (in Auburn) | |
Price: $1,100,000 low | high Med: $495,000 sqft: 3,784 low | high Med: 1,605 $ / sqft: $291 low | high Med: $315 On site: 77 low | high Med: 51 | |
![]() | $950,0003842 D PlaceAuburn, WA 98002 |