Renovated Apartment
For Sale
$3,400,000
733 10th St NE, Auburn, WA 98002
Multifamily property with upgraded interiors, newer roofs, and double-pane vinyl windows.
Property SizeContact for details
Days on Market57
Property Features for 733 10th St NE
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
95%
Additional Details
Cap Rate
5.78%
Multifamily Units
16
Amenities
Can be purchased together with the adjacent 48-unit complex, Lobdell Apartments, across the street -- combined acquisition opportunity.
16 units on 4 individual parcels; 14 of 16 units already renovated with modernized interiors. Light value-add remaining: upside through finishing the last 2 unit renovations and improving operation.
New roofs 2021, exterior paint 2021, and double-pane vinyl windows.
Building Details
Year Built
1968
Units
16
Listing Agency:
Seattle Office
Listed By:
Scott Morasch · License #License(s): WA: 4731
(206) 826-5724
Source:
Marcusmillichap
Added: Sep 1
Changed: Oct 26
Last Checked: Oct 26 at 12:49PM
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 Seattle Office
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Investment Insights
Based on property information with market context.
This 16-unit apartment community was constructed in 1968 and includes substantial recent improvements. Fourteen units have renovated interiors, while the property also features double-pane vinyl windows, new roofs, exterior painting, and light landscaping. Two units remain available for interior renovation, providing a defined improvement component within the existing unit count.
The property is located at 733 10th Street NE in Auburn, Washington. It is offered with an in-place cap rate of 5.78%.
The property is located at 733 10th Street NE in Auburn, Washington. It is offered with an in-place cap rate of 5.78%.
Key Highlights
- 16‑unit apartment community constructed in 1968
- 14 of 16 units have renovated interiors
- Double‑pane vinyl windows installed throughout the property
Property Analytics
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Open Analytics
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
1,246
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with upgraded interiors, newer roofs, and double-pane vinyl windows.
Where is this apartment building located?
The property is located at 733 10th St NE Auburn, WA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 16‑unit apartment community constructed in 1968; 14 of 16 units have renovated interiors; Double‑pane vinyl windows installed throughout the property
