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
Active
Listed by:
Rachel Harwood,
COMPASS
$2,000,000
802 21st Street SE, Auburn, WA 98002
2beds
1baths
5,920sqft
Est.:
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
- 2 days
- on Zillow |
- 78 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: July 09, 2025 at 02:08pm
Listed by:
Rachel Harwood,
COMPASS
Source: NWMLS,MLS#: 2394374

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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
- Loading
- Loading