1019 18th Street Ne, Auburn, WA 98002

Auburn
Local realty services provided by:RSVP Brokers ERA
Listed by: nisha a tomar, candice chevaillier
Office: lee & associates commercial re
MLS#:2592953
Source:NWMLS
1019 18th Street Ne,Auburn, WA 98002
$925,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$925,000

About this home

Calling all investors and owner-occupant buyers! With a cap rate of 7.35%, this townhome-style triplex in Meadow Brooke Estates combines rental income, rental upside, and future development potential. An owner-occupant could live in one unit while renting the other two. Located near North Auburn’s schools, restaurants, and shopping, the property offers approximately 3,560 rentable SF across three spacious units, each featuring 2 bedrooms plus a den, 1.5 baths, in-unit laundry, an attached garage, driveway parking, and access to a shared yard. Unit C recently done and Unit A was remodeled last year. Annual net operating income is reported at $67,923, with pro forma NOI of $72,483 reflecting potential rental increases. Situated on a 14,010 SF lot with R-10 zoning, the property also offers potential for future residential development, subject to City approval. Convenient access to downtown Auburn, major highways, and Green River College makes this an appealing opportunity for investors...

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Home facts

  • Year built:1989
  • Subdivision & Development:Auburn
  • Listing ID #:2592953
  • Updated:October 28, 2026 at 12:34 AM

Rooms and interior

  • Flooring:Carpet

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1989
  • Lot area:0.32 Acres
  • Construction Materials:Wood Exterior Finish, Wood Products Exterior Finish

Utilities

  • Water:Public
  • Sewer:Available

Finances and disclosures

  • Price:$925,000
  • Tax amount:$7,768 (2026)

Parking

  • Total parking spaces:6
  • Garage:Yes
  • Garage spaces:3
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