4-Plex with Private Outdoor
2826 D Place SE Auburn, WA 98002
2826 D Place SE, Auburn, WA, 98002
$999,998
For Sale
$999,998
Four occupied 2-bedroom units include in-unit washer/dryer and private decks or patios, with covered carport parking.
Property Size3,560 SF
Price / SF$280.90
Days on Market175
Property Features for 2826 D Place SE
General Information
- Standard status
- Active
- Size
- 3,560 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1985
Listing agency
John L. Scott R.E. Lake Tapps
(971) 712-3243
Listed by
Hannah Liskh
(971) 712-3243
Source
Premierepropertygroup
Added: Jan 28 Updated: Jul 22 at 1:09PM Checked: Jul 22 at 1:09PM
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 John L. Scott R.E. Lake Tapps
Investment Insights
Based on property information with market context.
This four-plex consists of four identical 2-bedroom, 1-bathroom residences, each with in-unit washer and dryer. Two upper units have private decks, while the two lower units have private patios, and each home includes a comfortable living room with a fireplace. The building has undergone interior improvements, including a fully renovated Unit D.
The property provides four covered carport parking spaces plus two additional surface spaces. Each unit has access to a fully fenced outdoor area, supporting privacy and straightforward property management. The community is located at 2826 D Place SE in Auburn, WA 98002, with proximity to major freeways and nearby restaurants, shopping, parks, transit, and everyday services.
All units are currently occupied by long-term tenants, delivering immediate rental income.
The property provides four covered carport parking spaces plus two additional surface spaces. Each unit has access to a fully fenced outdoor area, supporting privacy and straightforward property management. The community is located at 2826 D Place SE in Auburn, WA 98002, with proximity to major freeways and nearby restaurants, shopping, parks, transit, and everyday services.
All units are currently occupied by long-term tenants, delivering immediate rental income.
Key Highlights
- 2‑story Auburn 4‑plex built in 1985 with four occupied 2‑bedroom, 1‑bath units
- Each unit includes in‑unit washer and dryer, updated appliances, and a fireplace
- Two upper units have private decks; two lower units have private patios
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.8k | $25.50 |
| − Vacancy | −$5.0k | −$1.41 |
| EGI | $85.8k | $24.09 |
| − OpEx | −$25.7k | −$7.23 |
| NOI | $60.0k | $16.87 |
3,560 SF · lease $25.50/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$857.8K
$750.6K – $1.00M
NOI $60,045 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$790.5K
$691.7K – $922.2K
NOI $55,333 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,811 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Four occupied 2-bedroom units include in-unit washer/dryer and private decks or patios, with covered carport parking.
Where is this quadplex located?
The property is located at 2826 D Place SE Auburn, WA.
What is the asking price?
The asking price for this property is $999,998.
What are key features of this property?
This property features: 2‑story Auburn 4‑plex built in 1985 with four occupied 2‑bedroom, 1‑bath units; Each unit includes in‑unit washer and dryer, updated appliances, and a fireplace; Two upper units have private decks; two lower units have private patios
