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  • Listed by: 

    Rachel Harwood,

    COMPASS

    $2,000,000

    802 21st Street SE, Auburn, WA 98002

    2beds
    1baths
    5,920sqft
    : 
    Multi Family
    Built in 1977
    -- sqft lot
    $420,200 Zestimate®
    $338/sqft
    $-- HOA

    What's special

    Fully fenced private backyardsPrivate garagesUpdated fixturesIn-unit laundryNew roofsStainless steel appliances
    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
    2 days
    on Zillow
    |
    78
    |
    4
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    Zillow last checked: 7 hours ago

    Listing updated: July 09, 2025 at 02:08pm

    Listed by:

    Rachel Harwood,

    COMPASS

    Source: NWMLS,MLS#: 2394374MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 802 21st Street SE.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    Heating
    • Forced Air, Electric, Natural Gas
    Cooling
    • None
    Features
    • Flooring: Vinyl Plank
    • Has fireplace: No
    Interior area
    • Total structure area: 5,920
    • Total interior livable area: 5,920 sqft

    Property

    Parking
    • Total spaces: 19
    • Parking features: Open
    • Covered spaces: 7
    • Uncovered spaces: 12
    Lot
    • Size: 0.95 Acres
    • Features: Paved, Sidewalk, Cable TV, Fenced-Fully, High Speed Internet
    Details
    • Parcel number: 2285140000
    • Zoning description: Multi-Family
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Siding
    • Foundation: Poured Concrete
    • Roof: Composition
    Condition
    • Year built: 1977
    • Major remodel year: 2001

    Utilities & green energy

    • Sewer: Sewer Connected
    • Water: Community

    Community & HOA

    Community
    • Subdivision: Auburn
    Location
    • Region: Auburn

    Financial & listing details

    • Price per square foot: $338/sqft
    • Tax assessed value: $366,300
    • Annual tax amount: $15,553
    • Date on market: 7/8/2025
    • Listing terms: Cash Out,Conventional
    • Cumulative days on market: 4 days
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