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, L VP 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 # | 2503231 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1981 |
| Days On Site | 175 |
| Listing Provided By | Northmarq Multifamily, LLC | Steve Fischer |
| SQ Feet | 3,840 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Zoning | Multi-Family |
| Acreage | 0.22 |
| Property View | Yes |
| Property | 10620 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Auburn |
| Zip Code | 98002 |
| Area | 310 Auburn |
| Community Name | Auburn |
| Listing VS Median (in Auburn) | |
Price: $950,000 low | high Med: $515,000 sqft: 3,840 low | high Med: 1,375 $ / sqft: $247 low | high Med: $375 On site: 175 low | high Med: 34.5 | |
| State | WA |
|---|---|
| County | King |
| City | Auburn |
| Zip Code | 98002 |
| Area | 310 Auburn |
| Community Name | Auburn |
| Listing VS Median (in Auburn) | |
Price: $950,000 low | high Med: $515,000 sqft: 3,840 low | high Med: 1,375 $ / sqft: $247 low | high Med: $375 On site: 175 low | high Med: 34.5 | |
![]() | $1,100,0003838 D PlaceAuburn, WA 98002 |