Updated Jul 3, 2025
Goodman Real Estate Inc Sells Multifamily Property In Auburn, WA For $44.5M
1433 8th Street Northeast, Auburn, Washington 98002, United States
$44,500,000
Units
190
Asset Type
MultiFamily
Closing
Sep 15, 2022
About this deal
AI
The multifamily property located at 1433 8th St NE in Auburn, WA has been sold for a transaction amount of $44,500,000. The property consists of 190 units, resulting in a price per unit (PPU) of $234,211.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $44,500,000
- Address: 1433 8th St NE, Auburn, WA
- Market: Auburn, WA
- Unit Count: 190
- Price Per Unit (PPU): $234,211
The sale was handled by Goodman Real Estate Inc, with representation from CBRE brokers Jon Hallgrimson, Eli Hanacek, Mark Washington, and Kyle Yamamoto.
On the Map
$44,500,000
MultiFamily
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Players
Auburn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93