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Listing Firm: Windermere Real Estate Central: Gary Nims

Bought With: Kelly Right RE of Seattle LLC : James Minkley

SOLD On April 12, 2022
NWMLS # 1897314

$808,000

  • Sold Price
  • - Beds
  • - Baths
  • - Sq.ft.

308 Park Avenue , Auburn, WA 98002

Listings with the three tree icon are courtesy of NWMLS

About This Property

Cash Flow! Solid 4-plex with Cap Rate 6%+ and GRM of 12.8! Premium location, close to park, businesses, and shopping, just off Auburn Way. Great bus access & quick access to Hwy 18 & 167. Close to numerous employment centers. 6 off-street spaces off alley. Quiet street parking as well. Commercial zoning could mean future upscaling with Auburn growth. Buyer verify all to satisfaction. Coin operated laundry provides additional monthly income. Please don't bother tenants. Buy as part of your empire or start your empire by planning to live in one of the units as they become available. All units currently occupied.

Buyer's Agent: James Minkley • Kelly Right RE of Seattle LLC

Listed by: Gary Nims • Windermere Real Estate Central

Aris360 Last Checked: 2 Minutes Ago (Jul 18, 2025 08:09 AM)

  • Source: NWMLS as Distributed by MLS Grid #1897314

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Park
  • Zip/Postal Code: 98002
  • City: Auburn

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$3,847 per month
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Property Features

  • County
    • Downtown - Auburn
  • Community
    • 310 - Auburn
  • MLS Area
    • 310 - Auburn
  • Longitude
    • -122.225561
  • Latitude
    • 47.311296
  • Directions
    • WA 18 East toward Auburn, Take the WA-164 E/Auburn Wy exit toward Enumclaw, Keep Right at the fork and merge onto WA-164 W/Auburn Way S, Follow Auburn Way S to Right on Park Ave.

  • Interior
    • Wall to Wall Carpet
  • Floors
    • Vinyl
    • Carpet
  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Stories
    • 2
  • Style
    • 54 - 4-Plex
  • Parking Spaces
    • 5
  • Lot Description
    • Alley,
    • Curbs,
    • Paved,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Brick
    • Cement Planked
    • Wood
  • Site Description
    • Cable TV,Deck,Fenced-Partially
  • Roof
    • Torch Down,
  • Septic or Sewer
    • Sewer Connected,
  • Building Total Area (Sq. Ft.)
    • 6589
  • Utilities
    • Cable Connected,
    • Sewer Connected,
    • Electric,

  • High School District
    • Auburn
  • Jr. High School
    • Cascade Mid
  • Elementary School
    • Washington Elementary
  • High School
    • Auburn Snr High

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2021
  • Structure Type
    • Condominium,
  • Tax Amount
    • $6089
  • Year Built
    • 1958
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Fri Jul 18 2025 . 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.

Jul 18, 2025 08:09 AM