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.
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Zillow last checked:
Listing updated:
Listed by:
Nisha A Tomar,
Lee & Associates Commercial RE,
Candice Chevaillier,
Lee & Associates Commercial RE
Source: NWMLS as distributed by MLS GRID,MLS#: 2538486
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 6
Heating
Baseboard, Electric
Cooling
None
Features
Flooring: Carpet
Has fireplace: No
Interior area
Total structure area: 3,560
Total interior livable area: 3,560 sqft
Property
Parking
Total spaces: 6
Parking features: Garage
Garage spaces: 3
Uncovered spaces: 3
Features
Has view: Yes
View description: Territorial
Lot
Size: 0.32 Acres
Dimensions: 89 x 156
Features: Cul-De-Sac, Curbs, Dead End Street, Paved, Value In Land, Cable TV, Fenced-Partially, Patio
Details
Parcel number: 5409000110
Zoning description: Multi-Family,Jurisdiction: City
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: Tri-plex
Property subtype: Triplex, Multi Family
Materials
Wood Siding, Wood Products
Foundation: Poured Concrete
Roof: Composition
Condition
Year built: 1989
Major remodel year: 1989
Utilities & green energy
Electric: Company: PSE
Sewer: Available, Company: City of Auburn
Water: Public, Company: City of Auburn
Community & HOA
Community
Subdivision: Auburn
Location
Region: Auburn
Financial & listing details
Price per square foot: $263/sqft
Tax assessed value: $818,000
Annual tax amount: $7,768
Date on market: 1/14/2026
Cumulative days on market: 189 days
Listing terms: Conventional,VA Loan
Estimated market value
Zestimate®
$903,200
Estimated sales range
$858,000 - $948,000
Rent Zestimate®
$2,799/mo
Price history
Date
Event
Price
6/11/2026
Listed for sale
$935,000+2.7%$263/sqft
Source: NWMLS as distributed by MLS GRID #2538486Report a problem
7/7/2022
Sold
$910,000-4.2%$256/sqft
Source: NWMLS as distributed by MLS GRID #1920758Report a problem
5/20/2022
Pending sale
$950,000$267/sqft
Source: NWMLS as distributed by MLS GRID #1920758Report a problem
4/22/2022
Listed for sale
$950,000+144.2%$267/sqft
Source: NWMLS as distributed by MLS GRID #1920758Report a problem
5/8/2015
Sold
$389,000-1.5%$109/sqft
Source: NWMLS as distributed by MLS GRID #759416Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.