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$958,000
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Property Description
Prime 4-unit multifamily property in Auburn, WA, featuring spacious 2-bed, 1.5-bath units, each 1,016 SF, with large back patios and secure storage. Boasting a 6.69% cap rate, W/D hookups, extra storage unit on back patios, Newly painted in Sept 2025 with durable metal roofs for low maintenance. Ideal location near Seattle-Tacoma amenities. All units are fully occupied.
Full Property Details
Full Property Details for 421 37th St SE
General
- Sold For: $958,000
- Taxes: $9,354 (2025)
- Status: Closed
- Type: Multi-Family
- Source: NWMLS
- MLS ID: 2436604
- Added to Site: 115 day(s) ago
Parking
- Uncovered Spaces: 8
Location
- Area: 310 - Auburn
- County: King
- Subdivision: Auburn
- Driving Directions: GPS
School Information
- High School District: Auburn
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard, Forced Air
Utilities
- Sewer: Sewer Connected
Structural Information
- Structure Type: Quadruplex
- Exterior Const.: Wood Products
- Roof: Metal
- Stories in Building: 2
- Square Feet: 4,064
- Year Built: 1980
Unit Information
- Units in Building: 4
Lot Features
- Lot Size (Acres): 0.281
- Lot Size (Sq. Ft.): 12,240
- Lot Size Source: tax records
Financial Considerations
- Tax Amount: $9,354
- Tax Year: 2025
- Terms: Cash Out, Conventional
Disclosures and Reports
- Special Conditions: None
- Property ID: 3021059213
Listed and Sold by Erich Bubbel | Compass | (425) 637-7777 and Ramiro Olmos Munoz | Compass | (425) 637-7777
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Schools
Schools serving 421 37th St SE
School District:Auburn School District
| Name | Grades | Distance |
|---|---|---|
Gildo Rey Elementary School 1005 37th Street Southeast, Auburn, WA 98002 | PK-5 | 0.4 mi |
Mt Baker Middle School 620 37th Street Southeast, Auburn, WA 98002 | 6-8 | 0.2 mi |
Auburn Senior High School 711 East Main Street, Auburn, WA 98002 | 9-12 | 2.3 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 421 37th St SE
Date
Details
Price
Change
Source
12/19/2025
Sold
$958,000
-3.23%
MLS
11/09/2025
Price Reduced
$990,000
-4.35%
MLS
9/25/2025
Listed
$1,035,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
421 37th Street SE, Auburn, WA 98002 (MLS# 2436604) is a Multi-Family property that was sold at $958,000 on December 19, 2025. Want to learn more about 421 37th Street SE? 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.

