402 4th Street SE, Auburn, WA 98002
Courtesy of KW Mountains to Sound Realty
- $675,000
- 2,540
- SqFt
- List Price
- $675,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 2578155
- Subtype
- Residential Income
- Style
- 52 - Duplex
- Year Built
- 1989
- Living Area
- 2,540
- Lot Size
- 9,940
- Acres
- 0.23
- Subdivision
- Downtown - Auburn
- Neighborhood
- Downtown - Auburn
- Building Name
- Theron Addition
- MLS Area Major
- Auburn
Property Description
Rare Auburn duplex offering immediate income, recent improvements, and compelling upside in a low-inventory market. Unit A is currently rented at $2,200/month. Unit B has been completely rehabbed with fresh paint, new trim and flooring and is ready for occupancy at an estimated market rent of $2,300/month, creating the potential for $4,500/month in combined gross rent. Each spacious 1,270 SF unit features 3 bedrooms, 2.5 baths, a private garage, in-unit laundry, balcony, and private yard, offering the space and amenities tenants want. Situated on a desirable corner lot in a convenient, walkable community near shopping, dining, medical services, schools, public transportation, and everyday amenities, with quick commuter access to Highways 18 and 167. New roof and exterior paint completed in 2024 add to the property's appeal and reduce near-term capital expenditures. Ideal for an owner-occupant looking to live in one unit and rent the other, a first-time investor seeking a practical entry into real estate investing, or a seasoned buyer looking to add a strong-performing asset to a portfolio. With one unit producing income and the second freshly updated and positioned for market rent, this duplex offers flexibility, income potential, and a clear path to enhanced long-term value. Auburn duplex inventory can be difficult to replace, making this a compelling opportunity to secure a versatile property with both current income and future growth potential.
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Additional Information
- Exterior Features
- Wood, Wood Products
- Property Description
- 52 - Duplex
- Flooring
- Vinyl, Vinyl Plank, Carpet
- Heating
- Wall Furnace
- Air Conditioning
- None
- Roof
- Composition
- Garage Spaces
- 2
- School District
- Auburn
- Elementary School
- Washington Elementary
- Middle School
- Cascade Mid
- High School
- Auburn Snr High
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