1019 18th St NE - Apartments FOR SALE


Auburn, WA 98002- North Auburn
$950,000 USD
253-238-2843
1019 18th St NE, Auburn, WA for Sale
$950,000 USD
Apartments - FOR SALE
1/32
null | 5.75% Cap Rate

1019 18th St NE
Auburn, WA 98002
North Auburn


OVERVIEW

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. Discover the vibrant neighborhood surrounding the property in Auburn, Washington. Embrace the city's dynamic atmosphere with easy access to the Auburn SuperMall, offering a plethora of shopping and dining options. Nature enthusiasts will appreciate the area's proximity to the scenic Flaming Geyser State Park and the White River, perfect for outdoor recreation and relaxation. Auburn's thriving arts and culture scene can be explored at the White River Valley Museum and the nearby Green River College's renowned performing arts center. With its convenient location near major highways and public transportation, the area provides an ideal blend of urban excitement and suburban charm for those seeking a multifamily or high-rise lifestyle.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

3

PRICE/UNIT

$316,667

CAP RATE

5.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

R10

APN/PARCEL ID

540900-0110

ASK ABOUT THIS PROPERTY

Nisha TomarLee & Associates Commercial Real Estate ServicesMore Info
253-238-2843

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Nisha TomarLee & Associates Commercial Real Estate ServicesMore Info
253-238-2843

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.