4-Unit Quadplex with
For Sale
$1,249,000
911 30th St NE, Auburn, WA 98002
Fully occupied four-unit property with individual garages, laundry, and on-site parking.
Property Size3,806 SF
Price / SF$328.17
Days on Market54
Property Features for 911 30th St NE
General Information
Standard status
Active
Size
3,806 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 2BD/1BA
Multifamily Units
4
Amenities
laundry
on-site storage shed
Building Details
Year Built
1984
Buildings
1
Listing Agency:
Summit Properties NW LLC
Listed By:
Richard Butenko
(425) 451-3342
Source:
Larissabutlerrealty
Added: Aug 22
Changed: Oct 5
Last Checked: Oct 13 at 12:41AM
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 Summit Properties NW LLC
Investment Insights
Based on property information with market context.
This 3,806-square-foot quadplex contains four two-bedroom, one-bath units and was built in 1984. The property is fully occupied and includes a separate garage for each residence, shared laundry facilities, ample on-site parking, and an on-site storage shed. Exterior paint is new, while units A, C, and D have undergone recent remodeling. Unit B is identified for future remodeling, and the property includes an opportunity to bill back water, sewer, and garbage costs to residents.
The property is located near freeways, transit, schools, and everyday amenities in Auburn. Tours are limited to inside appointments following mutual agreement, and tenants are not to be disturbed.
The property is located near freeways, transit, schools, and everyday amenities in Auburn. Tours are limited to inside appointments following mutual agreement, and tenants are not to be disturbed.
Key Highlights
- 3,806‑square‑foot quadplex with four 2BD/1BA units
- Fully occupied property built in 1984
- New exterior paint and recent remodeling in units A, C, and D
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,194
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,283,880
$1.3M
Cap Rate 7%
$917,057
$917.1K
Cap Rate 9%
$713,267
$713.3K
Market Conditions
NOI Build-Up for 3,806 SF
Gross rent
$97.1K $25.50/SF
− Vacancy
−$5.3K −$1.41/SF
EGI
$91.7K $24.09/SF
− OpEx
−$27.5K −$7.23/SF
NOI
$64.2K $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%
$1,283,880
Cap Rate 7%
$917,057
Cap Rate 9%
$713,267
Alternative Uses
Best Use
Multifamily LT 5
$917.1K
$802.4K – $1.07M
NOI $64,194 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$845.1K
$739.5K – $986.0K
NOI $59,157 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,708 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
659
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 - Fully occupied four-unit property with individual garages, laundry, and on-site parking.
Where is this quadplex located?
The property is located at 911 30th St NE Auburn, WA.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: 3,806‑square‑foot quadplex with four 2BD/1BA units; Fully occupied property built in 1984; New exterior paint and recent remodeling in units A, C, and D
