I Street Apartments presents a well-maintained 16-unit community in Auburn, WA, built in 1988 on a 26,875 SF C3-zoned lot between the regional hubs of downtown Auburn and Kent. This strategic location offers strong connectivity via SR-167, access to major employers, retail, transit, and growing economic activity. The unit mix includes spacious 1- and 2-bedroom layouts with in-unit laundry, balconies/patios, and updates in select units. Durable systems, 24 off-street parking stalls, and double-pane windows (2016) enhance operational stability. With strong in-place rents and minimal deferred maintenance, the property offers compelling cash flow and long-term upside via light interior upgrades.
Listing Provided Courtesy of Daniel Lim, Lee & Associates Commercial RE
General Information
NWM2400905
Multi Family
3
DOM
0.62 acres
15780
1988
King
Residential Incom
Multi Family
Listing Provided Courtesy of Daniel Lim, Lee & Associates Commercial RE
Krishna Realty data last checked: Jul 22, 2025 02:15 | Listing last modified Jul 03, 2025 18:46,
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Residence Information
15780
Composition
56 - 10+ Units
1988
Slab
See Remarks, Thermal
Features and Utilities
Ceramic Tile, Laminate
Metal/Vinyl
Community
Sewer Connected
0
Financial
39208
Cash Out, Conventional
06-30-2025
Comparable Information
3
3
Cash Out, Conventional
$3,895,000
$3,895,000
Jul 03, 2025 18:46
Schools
Map
Listing courtesy of Lee & Associates Commercial RE.
I Street Apartments presents a well-maintained 16-unit community in Auburn, WA, built in 1988 on a 26,875 SF C3-zoned lot between the regional hubs of downtown Auburn and Kent. This strategic location offers strong connectivity via SR-167, access to major employers, retail, transit, and growing economic activity. The unit mix includes spacious 1- and 2-bedroom layouts with in-unit laundry, balconies/patios, and updates in select units. Durable systems, 24 off-street parking stalls, and double-pane windows (2016) enhance operational stability. With strong in-place rents and minimal deferred maintenance, the property offers compelling cash flow and long-term upside via light interior upgrades.
