$925,000
Est. $5,124/mo1019 18th Street NE, Auburn, WA 98002
• Listed Oct 9, 2026•233 days active · 233 cumulative
Listing Broker: Lee & Associates Commercial RE; Nisha A Tomar; 253-722-9203; ntomar@lee-associates.com
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Listing Broker: Lee & Associates Commercial RE; Nisha A Tomar; 253-722-9203; ntomar@lee-associates.com
About this home
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.
Listed by Nisha A Tomar • Lee & Associates Commercial RE
Listing updated: October 16, 2026 at 03:28pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2592953
Around this home
How much should you offer?
1019 18th Street NE, Auburn, WA 98002
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- Tri-plex
Flooring
- Carpet
Heating & cooling
- Baseboard heating
- None cooling
Schools
Ratings via SchoolDigger- Dick Scobee Elementary SchoolPublic · Grades PK-5 · 0.2 mi · State rank 1,078 of 1,1381/10
- Cascade Middle SchoolPublic · Grades 6-8 · 0.3 mi · State rank 404 of 5142/10
- Auburn Senior High SchoolPublic · Grades 9-12 · 1.1 mi · State rank 294 of 3962/10
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 3
- Units in building
- 3
- Units below grade
- false
Income & expenses
- Gross scheduled income
- $78,060
- Total monthly income
- $7,085
- Additional monthly income
- $580
- Gross adjusted income
- $74,157
- Net operating income
- $67,923
- Cap rate
- 7.34%
- Gross rent multiplier
- 10.88
- Vacancy rate
- 5%
- Total expenses
- $17,097
- Insurance
- $2,153
- Water / sewer / garbage paid by
- 7176
Parking & storage
- Parking spaces
- 6
- Uncovered parking
- 3
- Covered spaces
- 3
Taxes & assessment
- Annual taxes
- $7,768
- Tax year
- 2026
- Financing
- Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 1019 18th Street NE
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Oct 9, 2026ListedNWMLS via MLS Grid · #2592953$925,000
- Oct 9, 2026ListedNWMLS via MLS Grid · #2595574$925,000
- Jul 7, 2022SoldNWMLS via MLS Grid · #1920758$910,000
- May 19, 2022PendingNWMLS via MLS Grid · #1920758$950,000
- Apr 22, 2022ListedNWMLS via MLS Grid · #1920758$950,000
- May 8, 2015SoldNWMLS via MLS Grid · #759416$389,000
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$6,002 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: Lee & Associates Commercial RE; Nisha A Tomar; 253-722-9203; ntomar@lee-associates.com
Market pulse
Auburn is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 63 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 17, 2026 at 2:45 PM PT (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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