$799,999
Est. $4,431/mo2,352 sq ft
417 22nd Street SE, Auburn, WA 98002
• Listed Jul 24, 2026•28 days active · 28 cumulative
Listing Broker: Operation Red Dot; James Marszalek; 253-888-9001; James@OperationRedDot.com
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Listing Broker: Operation Red Dot; James Marszalek; 253-888-9001; James@OperationRedDot.com
About this home
Versatile single-story fourplex offering an excellent opportunity for investors and owner-occupants. The property includes two 1-bedroom units and two 2-bedroom units, with all four residences renovated within the last several years. Updates include modern appliances, durable LVP flooring, and refreshed interiors. Each unit also includes dedicated storage, while the two-bedroom units feature a 920sq ft covered carport parking with 4 storage units. A secure shared laundry room is conveniently located beneath the carport. Three units are currently occupied by long-term tenants, providing immediate rental income. The fourth unit has been freshly renovated and is vacant, ideal for an owner looking to live onsite while offsetting expenses or for an investor ready to place another tenant and maximize cash flow. This property was made for house hacking and NO HOA!! Conveniently located near Downtown Auburn, shopping, dining, transit, and Highway 18 for easy commuting.
Listed by James Marszalek • Operation Red Dot
Listing updated: September 22, 2026 at 06:35pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2559823
Around this home
How much should you offer?
417 22nd Street SE, Auburn, WA 98002
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- 4-Plex
Flooring
- Vinyl Plank
Heating & cooling
- Wall Furnace heating
- None cooling
Schools
Ratings via SchoolDiggerAuburn School District
- Pioneer ElemPublic · Grades Elementary—
- Mt Baker MidPublic · Grades Middle—
- Auburn Snr HighPublic · Grades High—
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 4
- Units in building
- 4
- Units below grade
- false
- Building square feet
- 2,352 sq ft
Income & expenses
- Gross scheduled income
- $76,500
- Total monthly income
- $6,375
- Additional monthly income
- $600
- Gross adjusted income
- $74,205
- Net operating income
- $60,064
- Cap rate
- 7.51%
- Gross rent multiplier
- 10.46
- Vacancy rate
- 3%
- Total expenses
- $14,141
- Insurance
- $2,717
- Water / sewer / garbage paid by
- 5090
Parking & storage
- Parking spaces
- 6
- Uncovered parking
- 2
- Covered spaces
- 4
Taxes & assessment
- Annual taxes
- $6,334
- Tax year
- 2025
- Financing
- Cash, Conventional, FHA, VA Loan
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 417 22nd Street SE
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Jul 24, 2026ListedNWMLS via MLS Grid · #2559823$799,999$340/sq ft
- Aug 9, 2019SoldNWMLS via MLS Grid · #1507867$510,000$217/sq ft
- Aug 9, 2019ListedNWMLS via MLS Grid · #1507867$510,000$217/sq ft
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$5,159 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: Operation Red Dot; James Marszalek; 253-888-9001; James@OperationRedDot.com
Market pulse
Auburn is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 68 days.
Recent sales nearby
Within 1 mile · last 6 months$400,000 Sold
4 days ago
2 bd•1.75 ba•~1,242 sq ft•Single Family
1811 F Street SE #14, Auburn, WA 98002
0%
Over list
31
Days on market
0.3 mi
Distance
$560,000 Sold
5 days ago
3 bd•1.5 ba•~1,570 sq ft•Single Family
1225 22nd Street SE, Auburn, WA 98002
1%
Over list
49
Days on market
0.5 mi
Distance
$32,000 Sold
2 weeks ago
2 bd•1 ba•Single Family
900 29th Street SE #E14, Auburn, WA 98002
14%
Over list
34
Days on market
0.6 mi
Distance
$125,000 Sold
3 weeks ago
3 bd•2 ba•Single Family
3225 M Street SE #112, Auburn, WA 98002
11%
Under list
89
Days on market
0.7 mi
Distance
$475,000 Sold
3 weeks ago
2 bd•1 ba•~1,040 sq ft•Single Family
128 14th Street SE, Auburn, WA 98002
0%
Over list
43
Days on market
0.5 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 20, 2026 at 8:08 AM PT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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