MLS #2394374 / Listing provided by NWMLS & COMPASS.
$2,000,000
802 21st Street SE
Auburn,
WA
98002
Sq Ft
Per Sq Ft
Year Built
7-unit multifamily property offering strong current income and long-term potential. Each spacious 2BD/1BA unit has been renovated with luxury vinyl plank flooring, stainless steel appliances, and updated fixtures. Major capital improvements—including new roofs, furnaces, and water heaters—eliminate deferred maintenance. Tenants enjoy in-unit laundry, private garages, and fully fenced private backyards. Ideally located between Seattle and Tacoma, close to walkable schools, transit, and major employers. The Kent/Auburn submarket saw 95.3% occupancy in Q1 2025 and is projected for effective rent increases of 4.2% through 2025. Offers a true 6.8% cap rate with potential for income growth. Optional portfolio sale w/ nearby 8-unit MLS#2394373
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
- Possible Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Parking Total: 19
- Uncovered Parking Spaces: 12
- Open Parking Spaces: 12
Structure
- Roof: Composition
- Exterior Features: Wood
- Foundation: Poured Concrete
Lot Details
- Lot Features: Paved, Sidewalk
- Acres: 0.9547
- Foundation: Poured Concrete
Schools
- High School District: Auburn
Lot Details
- Lot Features: Paved, Sidewalk
- Acres: 0.9547
- Foundation: Poured Concrete
Power
- Energy Source: Electric, Natural Gas
Water, Sewer, and Garbage
- Sewer: Sewer Connected
- Water Source: Community
- Water, Sewer, and Garbage: 3496

Susan Perez
Broker | REALTOR®
Send Susan Perez an email