Modernized Multifamily
New
For Sale
$8,000,000
812 10th St NE, Auburn, WA 98002
Apartment community with continued unit renovation and operational improvement underway.
Property SizeContact for details
Days on Market2
Property Features for 812 10th St NE
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
95%
Additional Details
Cap Rate
6.03%
Amenities
Portfolio purchase opportunity — can be bought together with the 16-unit complex across the street.
Strong affordability for buyers and renters in a high-growth corridor.
Central Auburn-Kent Valley location between Seattle and Tacoma, close to transit, dining, groceries, and The Outlet Collection Mall.
Building Details
Units
48
Listing Agency:
MARCUS & MILLICHAP, INC.
(206) 826-5724
Listed By:
Scott Morasch · License #License(s): WA: 4731
(206) 826-5724
Source:
Marcusmillichap
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 4:49AM
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 MARCUS & MILLICHAP, INC.
Investment Insights
Based on property information with market context.
Lobdell Apartments is a multifamily community at 812 10th St NE in Auburn, Washington. The property has undergone modernization, with additional unit renovations and operational improvements identified as ongoing areas of work.
The community is located in South King County and offers an established apartment asset in the Auburn market. The property information identifies commuter connectivity, renter demand, and affordability relative to nearby employment centers as relevant market characteristics.
The community is located in South King County and offers an established apartment asset in the Auburn market. The property information identifies commuter connectivity, renter demand, and affordability relative to nearby employment centers as relevant market characteristics.
Key Highlights
- Multifamily apartment community known as Lobdell Apartments
- Located at 812 10th St NE, Auburn, WA 98002
- Modernization work has been completed at the property
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,056
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Apartment community with continued unit renovation and operational improvement underway.
Where is this multifamily property located?
The property is located at 812 10th St NE Auburn, WA.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Multifamily apartment community known as Lobdell Apartments; Located at 812 10th St NE, Auburn, WA 98002; Modernization work has been completed at the property
