1019 18th ST NE, Auburn, WA 98002
1019 18th ST NE, Auburn, WA 98002
1019 18th ST NE, Auburn, WA 98002
1019 18th ST NE, Auburn, WA 98002
1019 18th ST NE, Auburn, WA 98002
1019 18th ST NE, Auburn, WA 98002
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Cordell Robinson

Cordell Robinson

+1(253) 590-6928
Listed by:Lee & Associates Commercial RE • Nisha A Tomar • Candice Chevaillier
$ 925,000
Est. payment | /mo

6 Beds

6 Baths

0.32 Acres Lot

Save Virtual Tour
$ 925,000
Est. payment | /mo
Save Virtual Tour

6 Beds

6 Baths

0.32 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Auburn

MLS Listing ID 2592953

Style 53 - Tri-plex

Bedrooms 6

Year Built 1989

Annual Tax Amount $7,768

Lot Size 0.322 Acres

Property Sub-Type Multi Family

Property Description

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 and buyers seeking a home with rental income potential.

Location

State WA

County King

Area 310 - Auburn

Interior

Flooring Carpet

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

Garage Spaces 3.0

View Y/N No

Roof Type Composition

Building

Sewer Available

Water Public

New Construction No

Schools

School District Auburn

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.lee-associates.com/northwest/properties/?propertyId=1595908-sale&address=1019-18th-St-NE&officeId=2900

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOL & BUSINESS

Cordell Robinson

+1(253) 590-6928

ray@goldhouserealty.com

2301 6th Ave, Tacoma, WA 98403

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1019 18th ST NE

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