416 & 420 2nd St SE
Auburn, WA 98002
1650 sqft | 0.13 acres | #2318437
Description
Rare investment opportunity awaits to purchase a quality, income producing duplex in the heart of downtown Auburn. Each rambler style unit on this prime corner lot offers two good sized bedrooms, one full bathroom, spacious living space and is equipped with a washer and dryer. Good sized carport offers covered parking as well as a storage closet. Conveniently located near freeways, shopping, restaurants, schools, public transit if needed (or walk downtown) and so much more. Roof was replaced recently as well as carpet in each unit. Great opportunity for investors seeking consistent rental income, potential future house hacking, or multigenerational living. Potential for 6%+ cap rate in future if rent is market value.
Property Details
- Lot DescriptionAlley, Corner Lot, Curbs, Paved, Sidewalk
- Exterior FeaturesFenced-Partially, Gas Available
- InteriorWall to Wall Carpet
- SubdivisionDowntown - Auburn
- Date ListedJanuary 02, 2025
- FoundationPoured Concrete
- Sewer InformationSewer Connected
- Elementary SchoolBuyer To Verify
- Middle SchoolBuyer To Verify
- High SchoolBuyer To Verify
- Property TypeMulti-Family
- Property SubtypeMulti-Family
- Style52 - Duplex
- Original List Price$585,000
- MLS #2318437
- MLS #2318437
- Utility SourcePublic
- School DistrictAuburn
- Taxes Annual$5,360
- Cost585000
- Structure TypeDuplex
- Exterior MaterialsBrick
- Acres0.131
- Square Feet1650
- Year Built1958
- CountyKing
- Property ConditionGood
- Stories1
- Days on Market (Cumulative)4
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-01-02 21:20:08. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last Updated:Â . Source: NWMLS
Listing Courtesy
Listing Agent: Angela Wassmann (#NWM117649)
Listing Office: HomeSmart Real Estate Assoc (#NWM5452)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
