$1,200,000
3438 14th Avenue W, Seattle, WA 98119
3,110 Sq Ft
Favorite
Email

MLS #2551244 / Listing provided by NWMLS & Engel & Voelkers Seattle.

$1,200,000

3438 14th Avenue W
Seattle, WA 98119

Active 11 hours ago
3,110
Sq Ft
$386
Per Sq Ft
1963
Year Built

Perched high above the street, in one of Seattle's most reliably rented neighborhoods, this triplex provides a genuine sense of privacy and security to tenants, a sought-after respite increasingly rare in urban Seattle. These features, plus four parking stalls on a private dead-end alley, in-unit laundry, and northwest facing decks translate directly into tenant stability.All three units are currently occupied. Financials include a normalized cap rate on actual rents. The normalized figure removes one-time repairs, costs not inherited by a new owner. The vacancy reserve is a conservative underwriting cushion, not a reflection of this property's rental history.Unit 1 produces strong income today with fireplace, full appliances, and a private deck. Units 2 & 3 rents are below Interbay market rate for in-unit laundry 1BRs, offering a clear path to a higher cap rate and upside potential without capital investment.Solidly built, this triplex features a standing metal roof, copper plumbing, and fresh exterior paint. Added storage in the 330 SF flexible basement. Native landscaping keeps grounds simple to maintain with minimal costs. Fix up interiors on your timeline and collect strong rents in the meantime.Zoned LR1(M) on a 6,000 SF lot with alley access along a corridor that attracts density & long-term investment. This Interbay triplex offers a stable, fully occupied diamond-in-the rough asset with clear upside potential & multiple paths to improved returns.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 0
  • Parking Total: 4
  • Total Uncovered Parking Spaces: 4

Structure

  • Roof: Metal
  • Exterior Features: Wood
  • Foundation: Poured Concrete

Lot Details

  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • Acres: 0.1377
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Seattle
  • High School: Lincoln High
  • Middle School: Mc Clure Mid
  • Elementary School: Frantz Coe Elementary

Lot Details

  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • Acres: 0.1377
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric
  • Power Company: Seattle City Light

Water, Sewer, and Garbage

  • Sewer Company: SPU
  • Sewer: Sewer Connected
  • Water Company: SPU
  • Water Source: Public
  • Water, Sewer, and Garbage: 4443
Mortgage Calculator
Details Home Team

Details Home Team

Send Details Home Team an email