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Listed by:Lee & Associates Commercial RE • Nisha A Tomar
$ 925,000
Est. payment /mo
New
1019 18th ST NE Auburn, WA 98002
6 Beds
6 Baths
0.32 Acres Lot
UPDATED:
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
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