$1,150,000
 $6,173 est/mo Sourced by Back At You

3438 14th Avenue,Seattle, WA 98119

Seattle, WA 98119

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Description

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.

Details

MLS #2551244
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1963
Days On Site44
Listing Provided ByEngel & Voelkers Seattle DT | Bradley Wakeman

Features

SQ Feet3,110
Story(s)2
Units3
ZoningSee Remarks
Acreage0.14
Property ViewYes

Taxes

Property14430

Area Information

StateWA
CountyKing
CitySeattle
Zip Code98119
Area700 Queen Anne | Magnolia
Community NameInterbay
School DistrictLincoln High
Elementary SchoolFrantz Coe Elementary
High SchoolLincoln High
Listing VS Median (in Interbay)
Price:
$1,150,000
low | high
Med:
$1,150,000
50% of Average
sqft:
3,110
low | high
Med:
3,110
50% of Average
$ / sqft:
$370
low | high
Med:
$370
50% of Average
On site:
44
low | high
Med:
44
100% of Average
Sourced by Back At You

Market Activity 98119

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Learn More About This Property

StateWA
CountyKing
CitySeattle
Zip Code98119
Area700 Queen Anne | Magnolia
Community NameInterbay
School DistrictLincoln High
Elementary SchoolFrantz Coe Elementary
High SchoolLincoln High
Listing VS Median (in Interbay)
Price:
$1,150,000
low | high
Med:
$1,150,000
50% of Average
sqft:
3,110
low | high
Med:
3,110
50% of Average
$ / sqft:
$370
low | high
Med:
$370
50% of Average
On site:
44
low | high
Med:
44
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $862K - $1.437M
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
3442 13th Avenue A Property Photo 1
$1,999,900
3442 13th Avenue A
Seattle, WA 98119
Listing Updated: August 11, 2026 at 7:05:43 AM PDT