1019 18th Street NE Auburn WA 98002
Listed By:
Lee & Associates Commercial RE
Listing ID
#2477753
Property Type
Single Family Residence
County
King
Neighborhood
Auburn
Year Built
1989
Days on website
94
Distress/Foreclosure
BO
Calling all investors! Don’t miss this rare opportunity to own a townhome-style triplex in the highly desirable Meadow Brooke Estates, ideally located within walking distance of North Auburn’s schools, restaurants, and shopping. Each well-maintained unit offers approximately 1,187 SF with 2 bedrooms + den, 1.5 baths, in-unit laundry, individual attached garages, additional driveway parking, and access to a shared yard area. Major capital items including roof, windows, and siding have been replaced, making this a low-maintenance, turnkey investment. All three units are currently leased with historically low vacancy, providing immediate, stable cash flow. Zoned R-10, the property allows for a variety of residential uses, including short-term rental use subject to City of Auburn regulations, offering potential operational flexibility for future ownership strategies. With a 5.75% cap rate, strong in-place tenancy, and a prime location just minutes from downtown Auburn, major highways, and Green River College, this asset presents a compelling opportunity for investors seeking durability, flexibility, and long-term demand.
List Price:
$ 950000
Taxes:
$ 7768
Exterior Features:
Wood, Wood Products
Flooring:
Carpet
Foundation Details:
Poured Concrete
Levels:
Two
Lot Features:
Cul-De-Sac, Curbs, Dead End Street, Paved, Value In Land
Parking Features:
Attached Garage, Driveway, Off Street
Roof:
Composition
School:
Buyer To Verify, Buyer To Verify, Mountainview High
Security Features:
Partially Fenced
Sewer:
Available
Structure Type:
House
Vegetation:
Garden Space
View:
Territorial
Water Source:
Public
School:
Buyer To Verify
School:
Mountainview High
School:
Buyer To Verify
MLSAreaMajor:
310 - Auburn
City:
Auburn
Subdivision Name:
Auburn
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Listed By:
Lee & Associates Commercial RE
206-773-2696
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