1019 18th Street NE Auburn WA 98002
$ 950,000
  5   |    3 Full  3 Half   |    3560 Sq Feet
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

Description
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.
Location
Financial Information
List Price:  $ 950000
Taxes:  $ 7768
Property Features
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
Listed By:     Lee & Associates Commercial RE  206-773-2696