About this home

Auburn 55 presents a compelling 55-unit multifamily development opportunity on approximately 0.92 acres in North Auburn. The generally level infill site is currently planned for a four-story, elevator-served apartment community with 67 parking stalls, including 37 covered spaces. R-NM zoning supports multifamily development, and substantial preliminary work has already been completed, including conceptual plans, a feasibility and market study, development budget, surveys, and additional due diligence materials. Convenient access to SR-167, SR-18, Auburn Station, and the future RapidRide I Line provides strong connectivity to major South King County employment and transit hubs, creating an attractive opportunity for developers seeking a well-positioned infill multifamily project.

Property details

Lot: Corner Lot, Sidewalk
Water source: In Street
Sewer: In Street
Utilities: Electricity Available, Natural Gas Available

Estimate your monthly payment

$6,953/mo

Principal & interest: $6,953

Down payment (20%) $275,000 Interest rate (%) Loan term (years)

Loan amount $1,100,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Auburn, WA 98002

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Lee & Associates Commercial RE— Nisha A Tomar.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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