Emma Lazo

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Listing provided courtesy of Northmarq Multifamily, LLCNWMLSas Distributed by MLSGrid- MLS# NWM2545347MLS Provider

3838 D Place SEAuburn, WA 98002

Multi-Family · 8 Beds · 3,784 Sq. ft. | 0.25 Acres
$1,100,000 Active

3838 D Place SE Overview

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We are pleased to present D Place Apartments, a well-maintained MF asset located in Auburn, WA. Built in 1981 and recently updated, this 4-Plex features 2-BD/1-BTH units, each 960SF with full sized W/D. The property offers a compelling investment opportunity with immediate cash flow and additional upside through rent growth.It is situated on a corner lot with great street visibility for signage and rentability. 3/4 units have undergone interior renovations, including SS appliances, LVP flooring, etc. Each unit also includes a private patio or balcony and a fireplace. A new roof was installed in 2017. This is a rare chance to acquire a stabilized property with additional upside potential - rents are estimated to be 10% below market.

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3838 D Place SE Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,784
  • Price/Sq.ft. $291
  • Lot 0.25 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Auburn

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 2951
  • Net Operating Income: 0
  • Total Expenses: 21639.36
  • Total Monthly Income: 7860
  • Water/Sewer/Garbage: 8150.48

Building Information

  • New Construction: No
  • Year Built: 1981

Location/Region

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

Tax Information

  • Tax Annual Amount: $10,537.88
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional, FHA
  • Parcel Number: 7326800100
  • Possible Use: Multi-Family
  • Property Condition: Very Good
  • 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: 3784
  • Building Area Units: Square Feet
  • Calculated Square Footage: 3784
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl Plank, Carpet
  • Heating: Yes
  • Leasable Area: 3840
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Security Features: Partially Fenced
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 4
  • Parking Uncovered Total: 4

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Corner Lot, Cul-De-Sac, Dead End Street, Paved, Sidewalk
  • Lot Size Acres: 0.2509
  • Lot Size Square Feet: 10928
  • Lot Size Units: Square Feet
  • Site Features: Deck, Fenced-Partially, Patio, Shop
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Quadruplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Brick, Metal/Vinyl
  • Number Of Units Total: 4
  • Sewer: Sewer Connected

Unit Information

Unit 2 Details

  • Actual Rent: 1795
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 1795
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 1795
  • Beds Total: 2
  • Baths Total: 1

Unit 1 Details

  • Actual Rent: 1875
  • Beds Total: 2
  • Baths Total: 1

3838 D Place SE 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.

3838 D Place SE 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.

3838 D Place SE Market Data

Based on the last 30 days in this zip code

$341,272
Average List Price
$248
Average Price per Square Foot
24
Properties Sold
74
Average Days on Market
127
Properties for Sale
Calculations provided by Reliance Network

3838 D Place SE History

Date Event Value Agent
6/24/2026Source: NWMLS Added to Database
June 24, 2026