James & Angie Smith

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Listing provided courtesy of RE/MAX EliteNWMLSas Distributed by MLSGrid- MLS# NWM2486776MLS Provider

2250 I Street NEAuburn, WA 98002

Multi-Family · 8 Beds · 3,000 Sq. ft. | 0.20 Acres
$900,000 Active

2250 I Street NE Overview

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This fully rented fourplex offers an incredible opportunity for investors seeking steady cash flow in the heart of Auburn. Each of the four units features 2 bedrooms, 1 bathroom, and 750 sqft, appealing to a wide range of tenants. The property includes assigned parking for convenience and a community coin-operated laundry room for added income potential. Situated in a prime location near shopping, dining, and events, this investment is perfectly positioned for growth. Don't miss out on this turnkey rental property!

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2250 I Street NE Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,000
  • Price/Sq.ft. $300
  • Lot 0.20 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Auburn
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 72180
  • Insurance Expense: 2318
  • Net Operating Income: 53846
  • Total Expenses: 18334
  • Total Monthly Income: 6015
  • Water/Sewer/Garbage: 7400

Building Information

  • New Construction: No
  • Year Built: 1978

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 310 - Auburn
  • Subdivision Name: North East Auburn

Community/Development

  • Amenities: Coin Op Laundry

Tax Information

  • Tax Annual Amount: $8,616.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 5125400455
  • Possible Use: Multi-Family
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 3000
  • Building Area Units: Square Feet
  • Calculated Square Footage: 3000
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Laminate, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 3000
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 8
  • Parking Uncovered Total: 8

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Cul-De-Sac, Paved, Sidewalk
  • Lot Size Acres: 0.202
  • Lot Size Square Feet: 8800
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Quadruplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood
  • Number Of Units Total: 4
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 1250
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 1295
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 1425
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 1525
  • Beds Total: 2
  • Baths Total: 1

2250 I Street NE Neighborhood

Community

98002 (Auburn) Demographics

36
Median Age
4,666
Population Density (per sq. mile)
28%
College Educated
$59,097
Estimated Median Income
6,151
Estimated Total Home Owners
7,011
Estimated Total Renters
47% / 53%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2250 I Street NE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2250 I Street NE Market Data

Based on the last 30 days in this zip code

$342,336
Average List Price
$249
Average Price per Square Foot
27
Properties Sold
75
Average Days on Market
125
Properties for Sale
Calculations provided by Reliance Network

2250 I Street NE History

Date Event Value Agent
3/3/2026Source: NWMLS Added to Database
March 03, 2026
6/20/2022Source: NWMLS Added to Database
June 01, 2021
6/20/2022Source: NWMLS Added to Database
June 01, 2021