Single-Level
1108 B Street SE, Auburn, WA 98002
For Sale
$595,000
Both residences include separate laundry rooms, and Unit B has received interior finish updates.
Property Size2,220 SF
Lot Size0.20 Acres
Price / SF$268.02
Days on Market19
Property Features for 1108 B Street SE
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washer/dryer
Wood
Building Details
Building Size
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
eXp Realty
(888) 317-5197
Listed By:
Julie K Clark
(206) 910-2985
Source:
Doverealtyinc
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 7 at 7:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
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Investment Insights
Based on property information with market context.
This 2,220-square-foot duplex contains two single-level residences, each with three bedrooms, one bathroom and a separate laundry room. Unit A is occupied under a month-to-month lease. Unit B is vacant and has new flooring in three bedrooms, the dining room, kitchen and bathroom, along with a new bathroom cabinet and counter. A dining-room window and one bedroom window have also been replaced with double-pane windows. The roof is approximately five years old.
The property occupies an 8,797-square-foot lot in Auburn. Open, level space behind the building can accommodate up to six cars. Schools, transit, freeways and everyday amenities are nearby.
The property occupies an 8,797-square-foot lot in Auburn. Open, level space behind the building can accommodate up to six cars. Schools, transit, freeways and everyday amenities are nearby.
Key Highlights
- Two 3‑bedroom, 1‑bath units; each is approximately 1,110 square feet
- 8,797 sqft lot with open, level space behind the building
- Back area has room for 6 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,444
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,880
$748.9K
Cap Rate 7%
$534,914
$534.9K
Cap Rate 9%
$416,044
$416.0K
Market Conditions
NOI Build-Up for 2,220 SF
Gross rent
$56.6K $25.50/SF
− Vacancy
−$3.1K −$1.41/SF
EGI
$53.5K $24.09/SF
− OpEx
−$16.0K −$7.23/SF
NOI
$37.4K $16.87/SF
Area
King County, WA
Vacancy
5.51%
Lease Rate
$25.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,880
Cap Rate 7%
$534,914
Cap Rate 9%
$416,044
Alternative Uses
Best Use
Multifamily LT 5
$534.9K
$468.1K – $624.1K
NOI $37,444 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$492.9K
$431.3K – $575.1K
NOI $34,505 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$889.2K
$778.0K – $1.04M
NOI $62,242 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
831
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
$397,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in King County, WA
Properties on Market for Duplexes in King County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include separate laundry rooms, and Unit B has received interior finish updates.
Where is this duplex located?
The property is located at 1108 B Street SE Auburn, WA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bath units; each is approximately 1,110 square feet; 8,797 sqft lot with open, level space behind the building; Back area has room for 6 cars
