MLS #2468482 / Listing provided by NWMLS & Lee & Associates Commercial RE.
$950,000
1019 18th St NE
Auburn,
WA
98002
Sq Ft
Per Sq Ft
Year Built
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.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Garage Spaces: 3
- Total Uncovered Parking Spaces: 3
Structure
- Roof: Composition
- Exterior Features: Wood, Wood Products
- Foundation: Poured Concrete
Lot Details
- Lot Features: Cul-De-Sac, Curbs, Dead End Street, Paved, Value In Land
- Acres: 0.3216
- Foundation: Poured Concrete
Schools
- High School District: Auburn
- High School: Mountainview High
- Middle School: Buyer To Verify
- Elementary School: Buyer To Verify
Lot Details
- Lot Features: Cul-De-Sac, Curbs, Dead End Street, Paved, Value In Land
- Acres: 0.3216
- Foundation: Poured Concrete
Power
- Energy Source: Electric
- Power Company: PSE
Water, Sewer, and Garbage
- Sewer Company: City of Auburn
- Sewer: Available
- Water Company: City of Auburn
- Water Source: Public
- Water, Sewer, and Garbage: 7176
Andrea Currin
Broker | REALTOR®
Send Andrea Currin an email