306 2nd St NE

Auburn, WA 98002

$995,000
Price
7
Beds
5
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Listing provided courtesy of Torre Realty
Source: Northwest MLS

Description

Turn-key 5 unit rental property in the heart of Auburn! This fully rented investment property is walking distance to Main Street with all the shops, restaurants and public transportation. The building has a brand new roof and siding, and all units have been recently updated—no major work needed. 100% occupancy with zero vacancies and a waitlist. Some tenants have been here for over 7 years and would love to stay. There’s off-street parking in back for up to 6 cars, plus an on-site coin-op laundry...Turn-key 5 unit rental property in the heart of Auburn! This fully rented investment property is walking distance to Main Street with all the shops, restaurants and public transportation. The building has a brand new roof and siding, and all units have been recently updated—no major work needed. 100% occupancy with zero vacancies and a waitlist. Some tenants have been here for over 7 years and would love to stay. There’s off-street parking in back for up to 6 cars, plus an on-site coin-op laundry room that brings in an extra $200/month. This is a solid, low-maintenance rental property in a great location with strong tenant demand. Ready to go from day one.
  1. Listed by Elena Pike • Torre Realty
    P: (206)-915-2399 seattle741@gmail.com

Property Details for 306 2nd Street Northeast

Community Name
Auburn
School District
Auburn
Number of Assigned Spaces
6
Total Covered Parking
0
Entry Date
06-12-2025
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected
LISTING UPDATED: 04/22/2026 03:10 PM

Property Details for 306 2nd Street Northeast

StatusActive
MLS #2391346
Days on Market353
Cumulative Days on Market353
Taxes$6,607 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.15 AC / 6,608 SF
CountyKing County
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Location

Listing Courtesy of Torre Realty
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Building Information for 306 2nd Street Northeast

Stories3Residences5Year Built1922Building Size-Lot Size0.15 AC / 6,608 SF

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$5,509 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,958

Property Taxes

$551

HOA Dues

$0

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Property Information for 306 2nd Street Northeast

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Area: 310 - Auburn
  • Elementary School: Washington Elementary
  • Middle Or Junior School: Cascade Mid
  • High School: Auburn Snr High
  • Effective Year Built Source: Public Records
  • Directions: I-167 to 15th St NE exit, south on Auburn Way N.h to 2nd St NE. Hwy 18, take the Auburn Way North exit,north to 2nd St NE
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 6.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Laminate
  • Amenities: Basement,Coin Op Laundry,Storage
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard, Forced Air
  • FIRPTA: No
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition
Property
Utilities
  • Water Source: Community
  • Water/Sewer/Garbage: 1500
  • Power Company: PSE
  • Sewer Company: City of Auburn
  • Water Company: City of Auburn
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family
  • Possible Use: Multi-Family
  • MLS Square Footage Source: 3890
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1922
  • Photos Count: 29
Lot Information
  • Lot Size Dimensions: 6608
  • Lot Size Source: public records
  • Parcel Number Free Text: 5568200095
  • Building Condition: Good
  • Calculated Square Footage: 0
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 6
  • Number of Stories in Building: 3
  • Vacancy Rate: 0
  • Number Of Units Total: 5
  • Units Below Grade: true
  • Units In Building Total: 5
Financing / Income and Expenses
  • Electric Expense: $1,000
  • Total Expenses: 32519
  • Gross Adjusted Income: 66303
  • Gross Rent Multiplier: 16.44
  • Gross Scheduled Income: $66,303
  • Insurance Expense: $1,570
  • Net Operating Income: $33,784
  • Other Expenses: $20,292
  • Total Monthly Income: 5545
  • Fuel Expense: $1,550
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1200
  • Rent Unit 1: $1,225.00
  • Bedrooms Unit 1: 3
  • Fireplaces Unit 1: 1
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 1100
  • Rent Unit 2: $1,180.00
  • Bedrooms Unit 2: 2
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 750
  • Rent Unit 3: $1,090.00
  • Bedrooms Unit 3: 1
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 400
  • Rent Unit 4: $1,000.00
  • Bedrooms Unit 4: 1
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 5
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: false
  • Square Feet Unit 5: 350
  • Rent Unit 5: $850.00
  • Bedrooms Unit 5: 0
  • Bathrooms Unit 5: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3890.0

Property History for 306 2nd Street Northeast

DateEvent & SourcePriceAppreciation
Feb 5, 2026

Price Change

NWMLS #2391346

$995,000—
Sep 12, 2025

Price Change

NWMLS #2391346

$999,000—
Aug 27, 2025

Price Change

NWMLS #2391346

$1,025,000—
DateEvent & SourcePrice
02/05/2026

Price Change

NWMLS #2391346

$995,000
09/12/2025

Price Change

NWMLS #2391346

$999,000
08/27/2025

Price Change

NWMLS #2391346

$1,025,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 306 2nd Street Northeast

Taxable ValueLand$155,000Additions$520,000Total$675,000
Tax Record2025$8,659 ($722 / month)
Home Facts
Baths4.5Total Finished SqFt4,050 SqFtAbove Ground SqFt3,120 SqFtFinished Basement SqFt930 SqFtStories2Lot Size6,608 SqFtStyleTriplexYear Built1922ZoningDUCCountyKINGAPN556820-0095Fireplace TypeHas Fireplace

Schools near 306 2nd Street Northeast

This home is within Auburn School District.
Rating
School
Type
Grades
Distance
Washington Elementary School
Public - PK to 5
Cascade Middle School
Public - 6 to 8
Auburn Senior High School
Public - 9 to 12
Special Ed School
Public - PK to 12
Rating
School
Distance
Washington Elementary School
PublicPK to 5

Cascade Middle School
Public6 to 8

Auburn Senior High School
Public9 to 12

Special Ed School
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 306 2nd Street Northeast, Auburn, WA 98002

306 2nd Street Northeast is a multi-family home for sale in Auburn, WA 98002. This property was listed for sale on June 12, 2025 by Torre Realty, it's currently listed at $995,000. It has been on the market for a total of 353 days and was last sold on December 6, 2013. This listing's school district is Auburn School District. Nearby schools include Washington Elementary School, Cascade Middle School and Auburn Senior High School. 306 2nd Street Northeast is a 7-bed, 5-bath, multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Torre Realty

Based on information submitted to the MLS GRID as of 04/22/2026 03:10 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.