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501 37th St SE 4 Unit Apartment Building $1,535,512 CAD ($383,878 CAD/Unit) 5.49% Cap Rate Auburn, WA 98002
INVESTMENT HIGHLIGHTS
- PROXIMITY TO EMPLOYMENT HUBS
- HIGH WALKABILITY SCORE
- GREAT NEARBY AMENITIES
EXECUTIVE SUMMARY
The Investment Sales Group at Compass Commercial is thrilled to present this attractive 4-unit multifamily property at 501 37th St SE, Auburn, WA. Each unit features a spacious 2-bedroom, 1.5-bathroom layout with 1,016 square feet, offeringcomfortable living in a prime suburban location near Seattle-Tacoma amenities. The property currently boasts a solid capitalization rate of 5.49%, reflecting strong immediate income potential. With scheduled rent increases effective December 1, 2025, the cap rate is projected to rise to 5.91%, enhancing returns and positioning this asset as an excellent value-add opportunity in a stable, growing market. The building was newly painted in September 2025 and features durable metal roofs, W/D hookups, large back patios with extra storage, ensuring low maintenance and enhanced curb
appeal. Seller financing is available to qualified buyers, providing flexible acquisition options. For more details or to discuss this opportunity further, please reach out to the Investment Sales Group at Compass Commercial
appeal. Seller financing is available to qualified buyers, providing flexible acquisition options. For more details or to discuss this opportunity further, please reach out to the Investment Sales Group at Compass Commercial
PROPERTY FACTS Under Contract
| Price | $1,535,512 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $383,878 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 5.49% | Building Size | 9,450 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1980 |
| Zoning | R20 | ||
| Price | $1,535,512 CAD |
| Price Per Unit | $383,878 CAD |
| Sale Type | Investment |
| Cap Rate | 5.49% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 9,450 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1980 |
| Zoning | R20 |
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PROPERTY TAXES
| Parcel Number | 302105-9270 | Improvements Assessment | $852,769 CAD |
| Land Assessment | $210,387 CAD | Total Assessment | $1,063,156 CAD |
PROPERTY TAXES
Parcel Number
302105-9270
Land Assessment
$210,387 CAD
Improvements Assessment
$852,769 CAD
Total Assessment
$1,063,156 CAD
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501 37th St SE
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