$935,000
1019 18th Street NE, Auburn, WA 98002
3,560 Sq Ft
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MLS #2538486 / Listing provided by NWMLS & Lee & Associates Commercial RE.

$935,000

1019 18th Street NE
Auburn, WA 98002

Active 1 day ago
3,560
Sq Ft
$263
Per Sq Ft
1989
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.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 3
  • Parking Total: 6
  • 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
Area Features

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
Utilities

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
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