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 Market9
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
(425) 451-3342
Listed By:
Richard Butenko
Source:
Livnserverealestate
Added: Aug 22
Changed: Aug 28
Last Checked: Aug 29 at 11:42AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,194
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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
