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.
| MLS # | 2551244 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 44 |
| Listing Provided By | Engel & Voelkers Seattle DT | Bradley Wakeman |
| SQ Feet | 3,110 |
|---|---|
| Story(s) | 2 |
| Units | 3 |
| Zoning | See Remarks |
| Acreage | 0.14 |
| Property View | Yes |
| Property | 14430 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98119 |
| Area | 700 Queen Anne | Magnolia |
| Community Name | Interbay |
| School District | Lincoln High |
| Elementary School | Frantz Coe Elementary |
| High School | Lincoln High |
| Listing VS Median (in Interbay) | |
Price: $1,150,000 low | high Med: $1,150,000 sqft: 3,110 low | high Med: 3,110 $ / sqft: $370 low | high Med: $370 On site: 44 low | high Med: 44 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98119 |
| Area | 700 Queen Anne | Magnolia |
| Community Name | Interbay |
| School District | Lincoln High |
| Elementary School | Frantz Coe Elementary |
| High School | Lincoln High |
| Listing VS Median (in Interbay) | |
Price: $1,150,000 low | high Med: $1,150,000 sqft: 3,110 low | high Med: 3,110 $ / sqft: $370 low | high Med: $370 On site: 44 low | high Med: 44 | |
![]() | $1,999,9003442 13th Avenue ASeattle, WA 98119 |