Listing Agency: NextHome Prolific

Listed By: Kasim Siddiqui · License #21033705

Source: Crexi

Added: Apr 12 Changed: Aug 29 Last Checked: Aug 31 at 11:41PM

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Investment Insights

Based on property information with market context.

This apartment building contains 9 residential units and is located at 1002 10th St NE in Auburn, Washington. The property is identified as an apartment building within a multifamily classification and carries a 4.34% cap rate.

Key Highlights

• 9‑unit apartment building
• 4.34% cap rate
• 1002 10th St NE, Auburn, WA 98002

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Tech Support Center Florist Restaurant Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9

Residential units

Location Intelligence

Trade Area within ½ mile

1,463

Businesses Nearby

Explore this area Business Placement

Demographics for 98002, WA

38,474

Population

15,279

Households

2.5

Avg Household Size

36

Median Age

18%

College-Educated

84%

High-School Grad

7.2 sq mi

ZIP Area

5,344

Density / Sq Mi

$77,714

Median Household Income

$44,616

Median Earnings

$1,613

Median Rent

$397,700

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property with nine residential units in Auburn.

Where is this apartment building located?

The property is located at 1002 10th St NE Auburn, WA.

What are key features of this property?

This property features: 9‑unit apartment building; 4.34% cap rate; 1002 10th St NE, Auburn, WA 98002