3438 14th Avenue W, Seattle, WA 98119
Local realty services provided by:CENTURY 21 Tri-Cities
Listed by: bradley wakeman
Office: engel & voelkers seattle dt
MLS#:2551244
Source:NWMLS
3438 14th Avenue W,Seattle, WA 98119
$1,200,000
- - Beds
- - Baths
- 3,110 sq. ft.
- Multi-family
- Active
Price summary
- Price:$1,200,000
- Price per sq. ft.:$385.85
About this home
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....
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Home facts
- Year built:1963
- Listing ID #:2551244
- Updated:July 16, 2026 at 07:43 PM
Rooms and interior
- Flooring:Carpet, Ceramic Tile Floor, Laminate, Vinyl Floor
- Living area:3,110 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Metal
- Year built:1963
- Building area:3,110 sq. ft.
- Lot area:0.14 Acres
- Lot Features:Alley, Curbed Lot, Paved, Sidewalk
- Construction Materials:Wood Exterior Finish
- Exterior Features:Deck
Schools
- High school:Lincoln High
- Middle school:Mc Clure Mid
- Elementary school:Frantz Coe Elementary
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$1,200,000
- Price per sq. ft.:$385.85
- Tax amount:$14,430 (2026)
Parking
- Total parking spaces:4
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