$600,000
Est. $3,297/mo1,860 sq ft
1315 K Street NE, Auburn, WA 98002
• Listed Oct 22, 2026•57 days active · 57 cumulative
Listing Broker: Summit Properties NW LLC; Richard Butenko; 253-381-9464; rbutenko@gmail.com
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Listing Broker: Summit Properties NW LLC; Richard Butenko; 253-381-9464; rbutenko@gmail.com
About this home
Rare opportunity to own a well-maintained duplex in Auburn! 2 BR 1 BA units with updated flooring and garages with in-unit laundry. All on one level. Fully occupied and never vacant with constant inquiries and referrals. Conveniently located near schools, transit, freeways and amenities. Major capital improvements have already been completed on the entire property, including a new roof and fencing around each unit. Both units are tenant occupied with separate electrical meters. Opportunity to increase cash flow through increased rent and utility bill-back for water/sewer/garbage. Garbage already on separate bills. Inside tours only after mutual agreement. Please do not disturb tenants.
Listed by Richard Butenko • Summit Properties NW LLC
Listing updated: October 22, 2026 at 11:58am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2597196
Around this home
How much should you offer?
1315 K Street NE, 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
- Duplex
- 460 sq ft garage
Heating & cooling
- Baseboard heating
- None cooling
Schools
Ratings via SchoolDigger- Dick Scobee Elementary SchoolPublic · Grades PK-5 · 0.1 mi · State rank 1,078 of 1,1381/10
- Cascade Middle SchoolPublic · Grades 6-8 · 0.7 mi · State rank 404 of 5142/10
- Auburn Senior High SchoolPublic · Grades 9-12 · 0.8 mi · State rank 294 of 3962/10
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 2
- Units in building
- 2
- Units below grade
- false
- Building square feet
- 1,860 sq ft
Income & expenses
- Gross scheduled income
- $46,200
- Total monthly income
- $3,850
- Gross adjusted income
- $45,350
- Net operating income
- $31,466
- Cap rate
- 5.25%
- Gross rent multiplier
- 12.99
- Total expenses
- $13,884
- Insurance
- $2,110
- Other expenses
- $869
- Water / sewer / garbage paid by
- 4475
Parking & storage
- Parking spaces
- 4
- Uncovered parking
- 2
- Covered spaces
- 2
Taxes & assessment
- Annual taxes
- $6,430
- Tax year
- 2026
- Financing
- Cash, Conventional
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 1315 K Street NE
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.
- Oct 22, 2026ListedNWMLS via MLS Grid · #2597196$600,000$323/sq ft
- Feb 25, 2021Recorded saleKing County recorder · Warranty deed$430,000$231/sq ft
- May 5, 1999Recorded saleKing County recorder · Warranty deed$140,000$75/sq ft
- Dec 1, 1986Recorded saleKing County recorder · Warranty deed$250,500$135/sq ft
Down payment assistance
6 programs may be available to provide you with up to $30,000 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
$3,983 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: Summit Properties NW LLC; Richard Butenko; 253-381-9464; rbutenko@gmail.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 65 days.
Recent sales nearby
Within 1 mile · last 6 months$175,000 Sold
3 days ago
2 bd•1.75 ba•Single Family
1402 22nd Street NE #503, Auburn, WA 98002
10%
Under list
395
Days on market
0.5 mi
Distance
$440,000 Sold
1 week ago
3 bd•1.75 ba•~1,420 sq ft•Single Family
1702 4th Street NE, Auburn, WA 98002
11%
Over list
30
Days on market
0.7 mi
Distance
$450,000 Sold
1 week ago
5 bd•2.75 ba•~2,424 sq ft•Single Family
1905 20th Street NE, Auburn, WA 98002
0%
Over list
33
Days on market
0.6 mi
Distance
$470,000 Sold
3 weeks ago
3 bd•1 ba•~1,000 sq ft•Single Family
429 M Street NE, Auburn, WA 98002
6%
Under list
14
Days on market
0.6 mi
Distance
$555,000 Sold
3 weeks ago
3 bd•1.75 ba•~1,600 sq ft•Single Family
1611 1st Street SE, Auburn, WA 98002
3%
Over list
21
Days on market
0.9 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 23, 2026 at 9:53 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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