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$999,000

  • For Sale
  • Active
  • Multi-Family

Listed by Elena Pike | Torre Realty | (206) 915-2399

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Turn-key 5 unit rental property in the heart of Auburn! This fully rented investment property is walking distance to Main Street with all the shops, restaurants and public transportation. The building has a brand new roof and siding, and all units have been recently updated-no major work needed. 100% occupancy with zero vacancies and a waitlist. Some tenants have been here for over 7 years and would love to stay. There's off-street parking in back for up to 6 cars, plus an on-site coin-op laundry room that brings in an extra $200/month. This is a solid, low-maintenance rental property in a great location with strong tenant demand. Ready to go from day one.

Full Property Details for 306 2nd St NE

General

  • Price: $999,000
  • Taxes: $6,607 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2391346
  • Updated: 10/3/2025
  • Added to Site: 219 day(s) ago

Interior

  • Flooring: Laminate

Parking

  • Uncovered Spaces: 6

Location

  • Area: 310 - Auburn
  • County: King
  • Subdivision: Auburn
  • Driving Directions: I-167 to 15th St NE exit, south on Auburn Way N.h to 2nd St NE. Hwy 18, take the Auburn Way North exit, north to 2nd St NE

School Information

  • High School District: Auburn
  • Elementary School: Washington Elementary
  • Middle School: Cascade Mid
  • High School: Auburn Snr High

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard, Forced Air

Utilities

  • Sewer: Sewer Connected
  • Water: Community

Structural Information

  • Structure Type: Quadruplex
  • Exterior Const.: Wood, Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 3
  • Year Built: 1922
  • Property Condition: Good

Unit Information

  • Units in Building: 5

Lot Features

  • Lot Size (Acres): 0.1517
  • Lot Size (Sq. Ft.): 6,608
  • Lot Size Source: public records
  • Lot Dimensions: 6608
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $6,607
  • Tax Year: 2024
  • Terms: Cash Out, Conventional, Owner Financing

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 5568200095

Listed by Elena Pike | Torre Realty | (206) 915-2399

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 306 2nd St NE

School District:Auburn School District
NameGradesDistance
Washington Elementary School, Auburn, WA
20 E Street Northeast, Auburn, WA 98002
PK-50.2 mi
Cascade Middle School, Auburn, WA
1015 24th Street Northeast, Auburn, WA 98002
6-81.5 mi
Auburn Senior High School
711 East Main Street, Auburn, WA 98002
9-120.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 306 2nd St NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/12/2025
Price Reduced
$999,000
-8.35%
MLS
6/12/2025
Listed
$1,090,000
518.27%
MLS
11/26/2013
Sold
$176,299
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 306 2nd St NE

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,606
—
$704,000
29%
2024
$6,606
3%
$545,000
—
2022
$6,409
13%
$545,000
26%
2021
$5,681
—
$433,000
10%
2021
$5,681
9%
$394,000
11%
2020
$5,200
61%
$356,000
50%
2019
$3,239
-11%
$237,000
10%
2018
$3,633
12%
$216,000
12%
2017
$3,244
15%
$192,000
9%
2016
$2,828
2%
$176,000
5%
2015
$2,766
18%
$167,000
27%
2014
$2,353
—
$131,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Elena Pike | Torre Realty | (206) 915-2399

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306 2nd St NE, Auburn, WA 98002 (MLS# 2391346) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 306 2nd St NE is currently listed for $999,000 and was received on June 12, 2025. Want to learn more about 306 2nd St NE? Do you have questions about finding other Multi-Family real estate for sale in Auburn? You can browse all Auburn real estate or contact a Coldwell Banker agent to request more information.

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