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1019 18th Street NE in Auburn

Listing ID:2477753 (Residential Home)
Listing Price:$950,000
Days on Market:85

Details

Bed / Bath:5.00 / 4.50
Square Feet:3,560
Lot Size:0.32 acres (14,010 sqft)

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,


NWMLS

This listing is provided courtesy of NWMLS, contributed by Lee & Associates Commercial RE.



Home Details

Home

Style:12 - 2 Story
Bedrooms:5.00
Bathrooms:4.50
Year Built:1989
Square Footage:3,560
Lot Square Footage:0.32 acres

Schools

Elementary School:Buyer To Verify
Junior High:Buyer To Verify
Senior High:Mountainview High

Surroundings

View:Territorial

Financials

Tax Year:2025
Parcel Number:5409000110
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