1. Washington
  2. Auburn
  3. 802 21st Street SE
$2,000,000

802 21st Street SE, Auburn, WA 98002

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1977
  • Property Lot Size Icon0.95acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 28 days ago

Property Description

This listing courtesy of Rachel Harwood, COMPASS

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

Listing Status:
Pending
Listing Office:
COMPASS : 206-328-7200
Listing Agent:
Rachel Harwood : 206-328-7200
MLS ID:
2394374

This listing courtesy of Rachel Harwood, COMPASS

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Pioneer Elementary School

1825 K St SE, Auburn, WA, 98002

Grades PK-5

0.17 miles away

O

Olympic Middle School

839 21st St SE, Auburn, WA, 98002

Grades 6-8

0.08 miles away

A

Auburn High School

711 E Main St, Auburn, WA, 98002

Grades 9-12

1.35 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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