$949,998
Est. $5,262/mo3,560 sq ft
2826 D Place SE, Auburn, WA 98002
• Listed Aug 26, 2026•224 days active · 224 cumulative
Listing Broker: COMPASS; Marius ion; 425-466-7876; marius.ion@compass.com
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Listing Broker: COMPASS; Marius ion; 425-466-7876; marius.ion@compass.com
About this home
Prime Auburn location with a cap rate over 7%, strong existing rents, and reliable long-term tenants with an opportunity to occupy one of the units and have established rents in the other 3. This well-maintained fourplex offers immediate cash flow with additional upside over time. The building has also recently been repainted on the exterior, enhancing its curb appeal and reducing near-term maintenance for the next owner.Each of the four homes features two bedrooms, one bathroom, in-unit laundry, updated appliances, a fireplace, and a comfortable, functional layout. Both upper residences have been remodeled with attractive modern finishes and include private decks. The two lower residences offer private patios and fenced outdoor areas, providing added privacy and strong tenant appeal.The property also includes four covered carport spaces and two additional surface parking spaces. Conveniently located near major freeways, shopping, restaurants, parks, transit, and everyday services, the property provides easy access throughout the South Sound and greater Seattle area while remaining tucked away from the main road.All four units are currently occupied by established tenants, providing dependable income from day one. With strong rents already in place, two remodeled upper units, a freshly painted exterior, and a cap rate close to 7%, this is a compelling opportunity for investors seeking durable cash flow in a high-demand rental market.
Listed by Marius ion • COMPASS
Listing updated: September 21, 2026 at 07:28am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2574331
Around this home
How much should you offer?
2826 D Place 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
- Laminate
- Vinyl
- Carpet
Heating & cooling
- Baseboard heating
- None cooling
Schools
Ratings via SchoolDiggerAuburn School District
- Pioneer Elementary SchoolPublic · Grades PK-5 · State rank 950 of 1,1382/10
- Olympic Middle SchoolPublic · Grades 6-8 · State rank 446 of 5142/10
- 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
- 3,560 sq ft
Income & expenses
- Gross scheduled income
- $86,040
- Total monthly income
- $86,040
- Gross adjusted income
- $86,040
- Net operating income
- $69,419
- Cap rate
- 7.3%
- Gross rent multiplier
- 11.04
- Vacancy rate
- 5%
- Total expenses
- $18,821
- Insurance
- $747
- Other expenses
- $2,200
- Water / sewer / garbage paid by
- 6733.47
Parking & storage
- Parking spaces
- 6
- Uncovered parking
- 2
- Covered spaces
- 4
Taxes & assessment
- Annual taxes
- $9,141
- Tax year
- 2025
- Financing
- Cash, Conventional, FHA, USDA Loan, 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 2826 D Place 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.
- Aug 26, 2026ListedNWMLS via MLS Grid · #2574331$949,998$267/sq ft
- May 1, 2023SoldNWMLS via MLS Grid · #2041282$785,000$221/sq ft
- Mar 19, 2023PendingNWMLS via MLS Grid · #2041282$799,000$224/sq ft
- Mar 6, 2023ListedNWMLS via MLS Grid · #2041282$799,000$224/sq ft
- Apr 28, 2006SoldNWMLS via MLS Grid · #26038541$447,990$126/sq ft
- Apr 14, 2006PendingNWMLS via MLS Grid · #26038541$449,990$126/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
$6,261 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
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Listing Broker: COMPASS; Marius ion; 425-466-7876; marius.ion@compass.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 64 days.
Recent sales nearby
Within 1 mile · last 6 months$650,000 Sold
1 day ago
5 bd•3 ba•~2,100 sq ft•Single Family
2807 V Court SE, Auburn, WA 98002
0%
Over list
38
Days on market
0.9 mi
Distance
$400,000 Sold
1 day 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
0.7 mi
Distance
$560,000 Sold
2 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
0.7 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
0.3 mi
Distance
$125,000 Sold
2 weeks ago
3 bd•2 ba•Single Family
3225 M Street SE #112, Auburn, WA 98002
11%
Under list
89
Days on market
0.4 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 17, 2026 at 11:38 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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