Four-Unit Apartment
For Sale
$950,000
3842 D Pl SE, Auburn, WA 98002
Corner-lot property with private outdoor space, fireplaces, and full-size washer and dryer sets in every residence.
Property Size3,840 SF
Price / SF$247.40
Days on Market76
Property Features for 3842 D Pl SE
General Information
Standard status
Active
Size
3,840 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
full sized W/D
private patio or balcony
fireplace
Building Details
Year Built
1981
Buildings
1
Listing Agency:
Northmarq Multifamily, LLC
Listed By:
Steve Fischer · License #87455
(206) 505-9435
Source:
Theinspiregroup
Added: Jul 31
Changed: Oct 2
Last Checked: Oct 12 at 11:01PM
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 Northmarq Multifamily, LLC
Investment Insights
Based on property information with market context.
D Place Apartments is a four-unit apartment property in Auburn, Washington, built in 1981. The building contains four 2-bedroom, 1-bathroom residences, each measuring 960 SF, for a total PropertySize of 3840 square feet. Every unit includes a full-sized washer and dryer, a private patio or balcony, and a fireplace.
Interior improvements have been completed in 3/4 of the units, including stainless steel appliances and LVP flooring. The property occupies a corner lot at 3842 D Pl SE and benefits from street-facing signage exposure. A new roof was installed in 2017.
Interior improvements have been completed in 3/4 of the units, including stainless steel appliances and LVP flooring. The property occupies a corner lot at 3842 D Pl SE and benefits from street-facing signage exposure. A new roof was installed in 2017.
Key Highlights
- Four 2‑bedroom, 1‑bathroom units, each measuring 960SF
- 3/4 units feature interior renovations, including stainless steel appliances and LVP flooring
- Each residence includes a full‑sized washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,767
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,295,340
$1.3M
Cap Rate 7%
$925,243
$925.2K
Cap Rate 9%
$719,633
$719.6K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$97.9K $25.50/SF
− Vacancy
−$5.4K −$1.41/SF
EGI
$92.5K $24.09/SF
− OpEx
−$27.8K −$7.23/SF
NOI
$64.8K $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%
$1,295,340
Cap Rate 7%
$925,243
Cap Rate 9%
$719,633
Alternative Uses
Best Use
Multifamily LT 5
$925.2K
$809.6K – $1.08M
NOI $64,767 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$852.6K
$746.1K – $994.8K
NOI $59,685 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$1.54M
$1.35M – $1.79M
NOI $107,661 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
352
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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Corner-lot property with private outdoor space, fireplaces, and full-size washer and dryer sets in every residence.
Where is this quadplex located?
The property is located at 3842 D Pl SE Auburn, WA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bathroom units, each measuring 960SF; 3/4 units feature interior renovations, including stainless steel appliances and LVP flooring; Each residence includes a full‑sized washer and dryer
