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$3,795,000

  • For Sale
  • Active
  • Multi-Family

Listed by Daniel Lim | Lee & Associates Commercial RE | (206) 267-1457 and Candice Chevaillier | Lee & Associates Commercial RE | (206) 267-1457

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I Street Apartments presents a well-maintained 16-unit community in Auburn, WA, built in 1988 on a 26,875 SF C3-zoned lot between the regional hubs of downtown Auburn and Kent. This strategic location offers strong connectivity via SR-167, access to major employers, retail, transit, and growing economic activity. The unit mix includes spacious 1- and 2-bedroom layouts with in-unit laundry, balconies/patios, and updates in select units. Durable systems, 24 off-street parking stalls, and double-pane windows (2016) enhance operational stability. With strong in-place rents and minimal deferred maintenance, the property offers compelling cash flow and long-term upside via light interior upgrades.

Full Property Details for 3601 I St NE

General

  • Price: $3,795,000
  • Taxes: $39,208 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2400905
  • Updated: 10/6/2025
  • Added to Site: 199 day(s) ago

Interior

  • Flooring: Ceramic Tile, Laminate, Carpet

Parking

  • Uncovered Spaces: 24

Location

  • Area: 310 - Auburn
  • County: King
  • Subdivision: Auburn
  • Driving Directions: on the corner of I St NE and 37th St NE

School Information

  • High School District: Auburn

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Unit(s)

Utilities

  • Sewer: Sewer Connected
  • Water: Community

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Metal/Vinyl
  • Foundation: Slab
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 15,780
  • Year Built: 1988

Unit Information

  • Units in Building: 16

Lot Features

  • Lot Size (Acres): 0.617
  • Lot Size (Sq. Ft.): 26,875
  • Lot Size Source: county
  • Lot Features: Corner Lot

Green Features

  • Energy Efficient: Thermal Windows

Financial Considerations

  • Tax Amount: $39,208
  • Tax Year: 2025
  • Terms: Cash Out, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 4000086

Listed by Daniel Lim | Lee & Associates Commercial RE | (206) 267-1457 and Candice Chevaillier | Lee & Associates Commercial RE | (206) 267-1457

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Schools serving 3601 I St NE

School District:Auburn School District
NameGradesDistance
Evergreen Heights Elementary School
5602 South 316th Street, Auburn, WA 98001
PK-52.5 mi
Cascade Middle School, Auburn, WA
1015 24th Street Northeast, Auburn, WA 98002
6-80.8 mi
Auburn Senior High School
711 East Main Street, Auburn, WA 98002
9-122.1 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 3601 I St NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/06/2025
Price Reduced
$3,795,000
-2.57%
MLS
6/30/2025
Listed
$3,895,000
178.21%
MLS
11/21/2013
Sold
$1,400,000
—
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 3601 I St NE

Year
Property Taxes
Change
Tax Assessment
Change
2024
$38,823
—
$3,284,000
6%
2024
$38,823
9%
$3,096,000
—
2022
$35,678
8%
$3,096,000
17%
2021
$33,141
—
$2,638,000
12%
2021
$33,141
5%
$2,346,000
5%
2020
$31,475
32%
$2,225,000
18%
2019
$23,793
-2%
$1,878,000
23%
2018
$24,345
-3%
$1,525,000
-4%
2017
$25,136
7%
$1,591,000
1%
2016
$23,462
-44%
$1,583,000
18%
2015
$42,014
97%
$1,339,000
2%
2014
$21,356
—
$1,307,000
—
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 Daniel Lim | Lee & Associates Commercial RE | (206) 267-1457 and Candice Chevaillier | Lee & Associates Commercial RE | (206) 267-1457

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3601 I Street NE, Auburn, WA 98002 (MLS# 2400905) is a Multi-Family property with 16 units containing 0 bedrooms and 0 full bathrooms. 3601 I Street NE is currently listed for $3,795,000 and was received on June 30, 2025. Want to learn more about 3601 I Street 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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