Interbay Homes with 53 - Tri-plex Style

Interbay Homes with 53 - Tri-plex Style

Welcome to Interbay, a vibrant neighborhood nestled in the heart of Seattle, Washington. Known for its unique blend of urban convenience and suburban charm, Interbay offers residents an exceptional quality of life. With its picturesque views of Elliott Bay and the Olympic Mountains, this neighborhood is not just a place to live, but a lifestyle to embrace.

Interbay is a hub of activity, combining residential comfort with easy access to a plethora of amenities. From local parks like Interbay Park to the bustling shops and eateries along 15th Avenue West, there’s always something to explore. The area is also conveniently located near major transit lines, making commuting to downtown Seattle a breeze. Whether you prefer a leisurely stroll along the waterfront or a quick trip to the nearby Ballard Locks, Interbay provides the perfect backdrop for outdoor enthusiasts and urban dwellers alike.

For those seeking a unique investment opportunity or a multi-family living arrangement, the tri-plex style homes in Interbay are an ideal choice. These charming properties not only offer the potential for rental income but also foster a sense of community among neighbors. With well-designed layouts and modern amenities, these tri-plex homes are perfect for families, young professionals, or anyone looking to enjoy the best of what Seattle has to offer.

In Interbay, you’ll find a welcoming atmosphere, a rich sense of community, and the perfect blend of urban and natural beauty. Come discover your new home in this enchanting neighborhood!

Newest Interbay Homes with 53 - Tri-plex Style

$1,150,000
2551244 MLS ⋅ ACTIVE Status
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.

3438 14th Avenue W, Seattle

Listing courtesy of Engel & Voelkers Seattle DT.

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