Listing courtesy of Lee & Associates Commercial RE 206-267-1457
1019 18th Street NE
Auburn, WA 98002
Beds
5
Baths
6
Square Ft.
3,560
$950,000
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… Read More 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. Read Less
Building Area Total: 3560, Building Area Units: Square Feet, Building Information: Built On Lot, Calculated Square Footage: 3560, Elevation Units: Feet, Entry Location: Main, Levels: "Two", Living Area: 3560, Structure Type: "House", Year Built: 1989, Year Built Effective: 1989
Exterior Features
Exterior Features: "Wood", "Wood Products"
Fireplaces
Fireplaces Total: 0
Floors
Flooring: "Carpet"
Foundation
Foundation Details: "Poured Concrete"
Garage
Attached Garage Yn: t
Home Owner's Association
Association Fee: $0
Lot
Features: "Cul-De-Sac", "Curbs", "Dead End Street", "Paved", "Value In Land", 0 acres, 14010 square feet, Dimensions: 89x156, View: "Territorial"
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