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1019 18th Street NE Auburn WA 98002
Price $ 950,000
Listing ID 2477753
Property Type Single Family Residence
County King
Neighborhood Auburn
Beds 5
Baths 3 Full  3 Half
House Size 3560
Year Built 1989
Days on website 95
Distress/Foreclosure BO
Listed By:     Lee & Associates Commercial RE  
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
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