3842 D Place SE, Auburn, WA 98002

Property Description

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, L VP 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.

Listing Status:

Active

Data Last Updated:

May 1, 2026 at 4:21AM

Listing Office:

Northmarq Multifamily, LLC : 952-356-0100

Listing Agent:

Steve Fischer : 952-356-0100

MLS ID:

2503231

Interior

• Flooring: Vinyl PlankCarpet
• A/C: None
• Heating: Wall Furnace
• Fireplace: Fireplaces: 0

Exterior

• General: BrickMetal/Vinyl
• Parking: Parking spaces: 4

Construction

• Roofing: Composition
• General: 54 - 4-Plex

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Auburn
• County: King

Lot

• Zoning: 7326800110
• View: TerritorialView

Utilities

• Sewer: Sewer Connected

Financial

• Source: nwmls