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Listed by:Lee & Associates Commercial RE • Nisha A Tomar

$950,000

Est. payment - /mo

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6 Beds

6 Baths

3,560 SqFt

Active

1019 18th ST NE Auburn, WA 98002

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Ryan Born

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,560 sqft

Price per Sqft $266

Subdivision Auburn

MLS Listing ID 2468482

Style 53 - Tri-plex

Bedrooms 6

Year Built 1989

Annual Tax Amount $7,768

Lot Size 0.322 Acres

Lot Dimensions 89x156

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

Amenities Available Cable TV, Fenced-Partially, Patio

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Cul-De-Sac, Curbs, Dead End Street, Paved, Value In Land

Sewer Available

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Mountainview High

School District Auburn

Others

Senior Community No

Acceptable Financing Cash, Conventional, VA Loan

Listing Terms Cash, Conventional, VA Loan

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Mortgage Calculator

/monthly

Breakdown

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

Amenities & Attractions

Restaurants

Home Services

Health & Medical

Local Services

Shopping

Recreation

Arts & Entertainment

Food

Beauty

Nightlife

Event Planning & Services

Automotive

Religious Organizations

Financial Services

Professional Services

Travel

Education

Pets

Quarter Chute Cafe

350 29th St NW, Auburn, WA 98001

American (Traditional) Phone: 253-288-0566
Quarter Chute Cafe

2828 Emerald Downs Dr, Auburn, WA 98001

Cafes Phone: 253-288-0566
El Taco Maestro2

2824 Auburn Way N, Auburn, WA 98002

Mexican Phone: 253-939-4161
Lopez Taqueria Cosina

1833 Auburn Way N Ste O, Auburn, WA 98002

Phone: 253-939-4784
Ribs and Thangs

3322 I St NE, Auburn, WA 98002

Barbeque Phone: 253-223-1119
Himitsu Sushi & Teriyaki

3310 Auburn Way N, Auburn, WA 98002

Japanese Phone: 253-833-9188
Iron Horse Casino

333 15th St NE, Auburn, WA 98002

American (Traditional) Phone: 253-833-7100
Big Foot JAVA

802 14th St NE, Auburn, WA 98002

American (New) Phone: 253-333-8859
Las Margaritas

1525 A St NE, Auburn, WA 98002

Mexican Phone: 253-735-1526
Jimmy John’s

1835 Auburn Way N, Auburn, WA 98002

Sandwiches Phone: 253-939-3000
Bb McGraws Family Restaurant & Sports Bar

440 16th St NE, Auburn, WA 98002

American (New) Phone: 253-804-5588
Subway

1702 Auburn Way N, Auburn, WA 98002

Sandwiches Phone: 253-735-1135
Performance Grill

1525 A St NE, Auburn, WA 98002

Bars Phone: 253-939-9851
Lopez Taqueria Cocina

1833 Auburn Way N, Auburn, WA 98002

Mexican Phone: 253-939-4784
Rainier Restaurant

2300 Emerald Downs Dr, Auburn, WA 98001

American (Traditional) Phone: 253-288-7000
Pho Dinh

2822 Auburn Way N, Auburn, WA 98002

Vietnamese Phone: 253-804-8688
Jack’s Tavern

2425 Auburn Way N, Auburn, WA 98002

Music Venues Phone: 253-833-0840
Baja Burrito

1702 Auburn Way N, Auburn, WA 98002

Mexican
Hibachi Buffet

440 16th NE St, Auburn, WA 98002

Buffets Phone: 253-939-8899
Belen Pupuseria

1833 Auburn Way N, Auburn, WA 98002

Salvadoran Phone: 253-887-5608
McDonald’s

1531 Auburn Way N, Auburn, WA 98002

Fast Food Phone: 253-833-8011
Reyaa’s Cafe

1702 Auburn Way N, Seattle, WA 98112

Coffee & Tea Phone: 543-879-6634
Sam’s Kitchen

3411 C St Ne, Auburn, WA 98002

Breakfast & Brunch Phone: 253-939-7270
Taqueria El Rinconsito

2101 Auburn Way N, Auburn, WA 98002

Mexican Phone: 253-939-6627

Educational Environment

Elementary Schools (1)Middle Schools (1)

Name

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