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(206) 595-7188
Real Estate Company
1019 18th Street NE, Auburn, WA 98002
- $925,000
- 6
- BD
- 6
- BA
- 3,560
- SqFt
Listing Broker: Lee & Associates Commercial RE; Nisha A Tomar; 253-722-9203; ntomar@lee-associates.com
- List Price
- $925,000
- Status
- ACTIVE
- MLS#
- 2595574
- Days on Market
- 7
- Bedrooms
- 6
- Finished SqFt
- 3,560
- Area Total SqFt
- 3560
- Annual Tax Ammount
- 7768
- Lot Size (sq ft)
- 14,010
- Sewer
- Sewer Connected
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.
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Additional Information
- Community
- Auburn
- Style
- 12 - 2 Story
- Basement
- None
- Year Built
- 1989
- Total Covered Parking
- 3
- Roof
- Composition
- Site Features
- Fenced-Partially, RV Parking
- Tax Year
- 2026
- School District
- Auburn
- Potential Terms
- Cash, Conventional
- Interior Features
- Dbl Pane/Storm Window, Walk-In Closet(s)
- Flooring
- Vinyl Plank, Carpet
- Driving Directions
- Start on Auburn Way N, go east on 22nd St NE, turn south on I St NE, then go east on 18th St NE and the property will be on your left just before the cul-de-sac.
- Appliance
- Dryer, Refrigerator, Stove(s)/Range(s), Washer
- Appliances Included
- Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Energy Source
- Electric
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.