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MLS: #NWM2513387, Listed By: Bradley Wakeman, Engel & Voelkers Seattle DT, Source:NWMLS - Northwest Multiple Listing Service

3438 14th Avenue

Seattle, WA 98119
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Bed 0

Bed

Bath 0

Bath

SqFt3,110

Sqft

Acres0.14

Acre(Lot)

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 Interba y 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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Detail Ic Property Details

Property Type : Residential Income

Price : $1,250,000

AD Id : 77737163

MLS Id : NWM2513387

Lot Size : 0.14 Acre

Living Area Size : 3,110

Year Built : 1963

County : King

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Feature Features

  • Interior Features

    Roof: Metal

    Roofing Information

    Metal
  • Flooring Information

    Flooring: Ceramic Tile, Laminate, Vinyl, Carpet Construction Materials: Wood
  • Heating & Cooling

    Heating: Baseboard Has Heating: Yes Cooling: None WaterSource: Public

  • Building Information

    Year Built: 1963
  • Exterior Features

    Wood Construction Materials: Wood Foundation Details: Poured Concrete

  • Lot Information

    Lot Description: Alley, Curbs, Paved, Sidewalk Lot Square Feet: 6000 Lot Acres: 0.1377

    Property Information

    Property Type: Residential Income Sub Type: Multi Family Structure Type: Triplex

  • Listing Price Information

    Original List Price:$1300000

  • Tax Information

    Annual Tax: $14430 Tax Year: 2026 Parcel Number: 2770604580

  • Parking Information

    Total Parking: 4

  • School Information

    Elementary School: Frantz Coe Elementary Junior High School: Mc Clure Mid Senior High School: Lincoln High
  • Utility Information

    Sewer: Sewer Connected Water Source: Public
  • Location Information

    Subdivision: Interbay City: Seattle Direction: From 15th Ave W head east on W Dravus, north on 14th W a couple of blocks, apartment is on the east side of the street.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
633 W Emerson Street, Seattle, WA, 98119 $1,295,000 -- -- 2,900 2,900 SqFt
840 W Nickerson Street, Seattle, WA, 98119 $2,795,000 -- -- 6,921 6,921 SqFt
818 W Argand Street, Seattle, WA, 98119 $1,595,000 -- -- 3,620 3,620 SqFt
1318 W Barrett Street, Seattle, WA, 98119 $1,675,000 -- -- 3,870 3,870 SqFt
2629 2633 14th Avenue, Seattle, WA, 98119 $6,500,000 -- -- 23,900 23,900 SqFt
2071 Gilman Drive, Seattle, WA, 98119 $1,250,000 -- -- 2,260 2,260 SqFt
2258 14th Avenue, Seattle, WA, 98119 $1,150,000 -- -- 2,800 2,800 SqFt
2600 -2626 Thorndyke Av.., Seattle, WA, 98119 $6,225,000 -- -- 17,406 17,406 SqFt
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ByOwner last updated this listing 06/22/2026 @ 18:20

MLS: NWMLS #2513387 LISTED BY: Bradley Wakeman, Engel & Voelkers Seattle DT 206-623-9697 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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