802 21st Street SE, Auburn, WA 98002

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802 21st Street SE, Auburn, WA 98002

(Closed)

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Listed by: Rachel Harwood - COMPASS

Closed

est.$1,805,000/month.

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beds. baths. 41,585 Sqft.

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Mortgage Broker

John Juge
Highlands Residential Mortgage
jjuge@highlandsmortgage.com
(425) 275-1640
NMLS# 114272

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or Call Now: (425) 275-1640

802 21st Street SE, Auburn, WA 98002

$1,805,000

Closed

est.$1,805,000/month.

Start My Approval

beds baths 41,585 Sq.ft.

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Property details for 802 21st Street SE, Auburn, WA 98002

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

Broker details: COMPASS

Listed by: Rachel Harwood
Buyer Office: ZNonMember-Office-MLS
Buyer Agent: Non ZDefault