421 37th St SE

6
Baths
4,064 Sq. Ft.
$236 / Sq. Ft.
4,064
Sq. Ft.
$236
per Sq. Ft.

Description

Prime 4-unit multifamily property in Auburn, WA, featuring spacious 2-bed, 1.5-bath units, each 1,016 SF, with large back patios and secure storage. Boasting a 6.69% cap rate, W/D hookups, extra storage unit on back patios, Newly painted in Sept 2025 with durable metal roofs for low maintenance. Ideal location near Seattle-Tacoma amenities. All units are fully occupied.Prime 4-unit multifamily property in Auburn, WA, featuring spacious 2-bed, 1.5-bath units, each 1,016 SF, with large back patios and secure storage. Boasting a 6.69% cap rate, W/D hookups, extra storage unit on back patios, Newly painted in Sept 2025 with durable metal roofs for low maintenance. Ideal location near Seattle-Tacoma amenities. All units are fully occupied.

Listing Agents

  1. Erich Bubbel

    Erich Bubbel

    Listing Agent

    Compass

    erich.bubbel@compass.com

    P: (206)-399-3285

  2. Ramiro Olmos Munoz

    Ramiro Olmos Munoz

    Alternative Listing Agent

    Compass

    ramiro.olmos@compass.com

    P: (253)-465-2636

Property Details for 421 37th Street Southeast

Community Name
Auburn
School District
Auburn
Number of Assigned Spaces
8
Total Covered Parking
0
Entry Date
09-25-2025
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 01/19/2026 04:03 AM

Property Details for 421 37th Street Southeast

StatusSold
MLS #2436604
Days on Market53
Cumulative Days on Market53
Taxes$9,354 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1980
Lot Size0.28 AC / 12,240 SF
CountyKing County
Buyer's Agent Compensation2.5%

Location

Listing Courtesy of COMPASS

Sold By COMPASS

Add your commute

Building Information for 421 37th Street Southeast

Stories2Residences4Year Built1980Building Size-Lot Size0.28 AC / 12,240 SF

Payment Calculator

$5,449 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,669

Property Taxes

$780

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 421 37th Street Southeast

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Area: 310 - Auburn
  • Directions: GPS
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 8.0
  • 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
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard, Forced Air
  • FIRPTA: No
Exterior Features
  • Exterior: Wood Products
  • Roof: Metal
Property
Utilities
  • Water/Sewer/Garbage: 5815
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • MLS Square Footage Source: tax records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 27
Lot Information
  • Lot Size Source: tax records
  • Parcel Number Free Text: 3021059213
  • Calculated Square Footage: 4064
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 4064.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 8
  • Number of Stories in Building: 2
  • Vacancy Rate: 5
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 17169
  • Gross Adjusted Income: 83448
  • Gross Rent Multiplier: 11.27
  • Gross Scheduled Income: $87,840
  • Insurance Expense: $2,000
  • Net Operating Income: $66,279
  • Other Expenses: $0
  • Total Monthly Income: 7320
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1016
  • Rent Unit 1: $1,850.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 2
Unit 2
  • Name Unit 2: 3
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 1016
  • Rent Unit 2: $1,900.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 2
Unit 3
  • Name Unit 3: 2
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 1016
  • Rent Unit 3: $1,890.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 2
Unit 4
  • Name Unit 4: 4
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 1016
  • Rent Unit 4: $1,680.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 2
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 4064.0

Property History for 421 37th Street Southeast

DateEvent & SourcePriceAppreciation
Dec 19, 2025

Sold

NWMLS #2436604

$958,000—
Dec 17, 2025

Sold (Public Record)

Public Record #1923274852

$958,000

+7.9% / yr

Nov 17, 2025

Pending

NWMLS #2436604

—
Nov 9, 2025

Price Change

NWMLS #2436604

$990,000—
Sep 25, 2025

Listed (Active)

NWMLS #2436604

$1,035,000—
Aug 4, 2023

Sold (Public Record)

Public Record #1516538124

$800,000

+315.5% / yr

May 30, 2018

Sold (Public Record)

Public Record #622955095

$500—
DateEvent & SourcePrice
12/19/2025

Sold

NWMLS #2436604

$958,000
12/17/2025

Sold (Public Record)

Public Record #1923274852

$958,000

+7.9% / yr

11/17/2025

Pending

NWMLS #2436604

—
11/09/2025

Price Change

NWMLS #2436604

$990,000
09/25/2025

Listed (Active)

NWMLS #2436604

$1,035,000
08/04/2023

Sold (Public Record)

Public Record #1516538124

$800,000

+315.5% / yr

05/30/2018

Sold (Public Record)

Public Record #622955095

$500

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

Public Records for 421 37th Street Southeast

Taxable ValueLand$171,300Additions$613,700Total$785,000
Tax Record2024$10,729 ($894 / month)
Home Facts
Total Finished SqFt4,064 SqFtAbove Ground SqFt4,064 SqFtStories2Lot Size12,240 SqFtStyleQuadraplexYear Built1980ZoningR20CountyKINGAPN302105-9213

Schools near 421 37th Street Southeast

This home is within Auburn School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Gildo Rey Elementary School
PublicPK to 5

Mt Baker Middle School
Public6 to 8

Auburn Senior High School
Public9 to 12

Bowman Creek Elementary
PublicPK to 5

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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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 COMPASS

Based on information submitted to the MLS GRID as of 01/19/2026 04:03 AM. 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.