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Listed by:Lee & Associates Commercial RE • Nisha A Tomar
$925,000
Est. payment /mo
6 Beds
6 Baths
0.32 Acres Lot
New
1019 18th ST NE Auburn, WA 98002
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Auburn
MLS Listing ID 2592953
Style 53 - Tri-plex
Bedrooms 6
Year Built 1989
Annual Tax Amount $7,768
Lot Size 0.322 Acres
Property Sub-Type Multi Family
Property 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
State WA
County King
Area 310 - Auburn
Interior
Flooring Carpet
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Garage Spaces 3.0
View Y/N No
Roof Type Composition
Building
Sewer Available
Water Public
New Construction No
Schools
School District Auburn
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.lee-associates.com/northwest/properties/?propertyId=1595908-sale&address=1019-18th-St-NE&officeId=2900
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NEARBY SCHOOL & BUSINESS
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