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Listed by: Bradley Wakeman (206) 920-3638 | Engel & Voelkers Seattle DT (206) 623-9697
$1,100,000
Monthly Est:$5,475
5 Beds
3 Baths
3,110sqft
3438 14th Avenue W, Seattle, WA 98119
$1,100,000
$5,475/moEst:
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Multi Family
Built in 1963
$-- HOA
6,000 sqft lot
$354/sq.ft
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.
- Houzeo last checked: 12 hours ago
- Listing updated: September 27, 2026 at 5:43 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2551244
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1963
HOA Fees
-
Finished Area
3,110 sqft
Lot Size
6,000 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2551244
MLS Status
Active
Days on Market
84
Cumulative Days on Market
160
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 3
Interior
Flooring
Ceramic Tile, Laminate, Vinyl, Carpet
Exterior Features
Wood
Sewer
Sewer Connected
Heating
Baseboard
Cooling
None
Construction
Year Built
Year Built: 1963
Home type
Multi Family
Roof
Metal
Foundation Details
Poured Concrete
Construction Materials
Wood
Utilities & Energy
Water Source
Public
Other Features
Lot Features
Alley, Curbs, Paved, Sidewalk
Subdivision Name
Interbay
Price History
| Date | Event | Price |
|---|---|---|
07/09/2026 Source: | Listing Removed | $1,250,000 +8.70% $402/sqft |
07/09/2026 Source: | Listed for Sale | $1,150,000 -4.17% $370/sqft |
07/09/2026 Source: | Price Increased | $1,200,000 +9.09% $386/sqft |
07/09/2026 Source: | Price Decreased | $1,100,000 -12.00% $354/sqft |
04/25/2026 Source: | Listed for Sale | $1,250,000 $402/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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