29356 38th Pl S, Auburn WA – Rent to Own Duplex, Rent the Other Unit
A legal duplex on a quarter-block lot in Auburn, available on a 24-month Flex-Lease. Live in one unit, rent the other.
This is a split-entry home with two complete units, two kitchens, and two living spaces across 2,240 square feet. Upstairs is three bedrooms and one and a half baths. Downstairs is a self-contained one bedroom, one bath with its own entrance. Both units are vacant now, so you choose how to use them. As a rent to own Auburn WA opportunity, it is the rare listing where the house can help pay for itself.
The Part That Makes This Different
You are allowed to rent out the unit you do not live in.
The one-bedroom downstairs unit has previously rented in this area in the neighborhood of $1,900 a month. If you live upstairs and rent it out at something like that, your out-of-pocket housing cost drops to roughly $2,600 a month, while the full $4,500 still counts as your payment on a home you are buying.
There is a second benefit that matters more than the first. Lenders want to see documented rental income before they will count it toward qualifying you. Two years of it, on the property you are buying, is exactly the kind of history that turns a declined application into an approved one.
Rent to Own Auburn WA Terms on This Duplex
- $4,500 per month for the whole property, both units
- $26,000 option deposit to secure your right to purchase
- $400 per month rent credit applied toward the purchase
- 24-month term
- $670,000 locked purchase price, set today regardless of what the market does
Over the full term, your option deposit plus accumulated rent credits come to $35,600 working toward the purchase. See how the Flex-Lease program works for buyers.
The Property
- 2,240 square feet across two units
- Upstairs: 3 bedrooms, 1.5 baths, kitchen, living space
- Downstairs: 1 bedroom, 1 bath, kitchen, living space, separate entrance
- Two-car garage
- Large deck
- 8,250 square foot lot
- Both units vacant and available now
Two Things You Should Know Up Front
The utilities are not separately metered. If you rent out the second unit, you and your tenant will share one set of meters, so you will need to agree how that gets split and build it into the rent you charge. It is workable, plenty of duplex owners do it, but you should go in knowing rather than find out later.
Renting a unit makes you a landlord. Washington landlord-tenant law applies, including screening rules, notice periods, and deposit handling. Worth reading up before you place someone, and we are happy to point you toward resources.
Living in Auburn, Washington
Auburn sits in the Green River Valley in south King County, with SR 167 and SR 18 meeting nearby and Sounder commuter rail running from Auburn Station north to Seattle and south to Tacoma. Boeing’s Auburn plant, Green River College, Emerald Downs and The Outlet Collection are all in town, and the Green River trail system runs through it. For families working in Kent, Renton or south Seattle, a rent to own Auburn WA home keeps the commute short without King County’s north-end pricing.
Who This Suits
If a lender has told you no because you are self-employed, because your credit is still rebuilding, or because a divorce reshaped your finances, a rent to own Auburn WA lease option was built for exactly that gap. You move in now, the price is locked, and you spend two years getting your file to where a lender needs it, with rental income helping on both sides of the equation.
Ready to See This Rent to Own Auburn WA Duplex?
There is no credit check just to find out where you stand. Start your tenant-buyer application, book a call with our team, phone (425) 386-5400, or browse our other rent-to-own homes across Washington.