Property Details
1019 18th Street NE
Auburn, WA 98002
$935,000
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Property 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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Auburn
Listed
Jun 10, 2026
Structure Type
Triplex
Parcel Number
5409000110
Tax & HOA
Annual Property Tax
$7,768 (2025)
Est. Monthly Tax
$647/mo
Financial Summary
Cap Rate
5.60%
Net Operating Income
$52,389
Gross Scheduled Income
$75,528
Gross Rent Multiplier
12.38
Total Expenses
$17,097
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
3,560
Leasable Area
3,560 sqft
Total Units
3
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
14,009 sqft
Year Built
1989
Exterior & Lot
Lot Size
0.32 sqft
Year Built
1989
Garage
3 spaces
Exterior Materials
Wood
Sewer
Available
Water Source
Public
Lot Features
Cul-De-Sac, Curbs, Dead End Street, Paved, Value In Land
Exterior Features
Wood, Wood Products
Community & Access
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.
Location
City
Auburn
County
King
Coordinates
47.32447, -122.21662
Additional Information
Tax Year
2025
Annual Taxes
$7,768
Possession
Array
Based on information submitted to the MLS GRID as of June 11, 2026 5:15 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
