3425 14th Avenue W, Seattle, WA 98119
- $3,988,000
- 12,270
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Westlake Associates, Inc..
- Sold Price
- $3,988,000
- List Price
- $3,988,000
- Status
- SOLD
- MLS#
- 2476496
- Closing Date
- Jun 15, 2026
- Days on Market
- 75
- Style
- 56 - 10+ Units
- Finished SqFt
- 12,270
- Area Total SqFt
- 12270
- Annual Tax Ammount
- 39716
- Lot Size (sq ft)
- 9,000
- Sewer
- Sewer Connected
Property Description
Well-located 19 unit multifamily investment positioned in Seattle’s Queen Anne / Interbay corridor with expansive views overlooking Interbay, Magnolia, and Fishermen’s Terminal. The unit mix consists of a combination of large studio units and large one-bedroom residences with an average unit size of approximately 646 square feet. Most units have received interior updates including refreshed cabinetry, LVP flooring, and a mix of Formica, granite, and quartz countertops. Building capital improvements include the installation of a new TPO roof in 2025. Other building systems include copper plumbing, GE electrical panels, and double-pane aluminum windows. Additional amenities such as secured covered garage parking, a secured entry intercom system, in-unit water tanks, on-site laundry, and basement storage units further enhance tenant appeal and contribute to operational stability. There is potential to add in-unit washers and dryers (subject to buyer verification), offering an additional avenue for future rental income creation.
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Additional Information
- List Date
- 2026-04-01 00:00:00
- Community
- Interbay
- Net Operating Income
- $190,450
- Gross Adjusted Income
- $333,653
- Gross Scheduled Income
- $351,214
- Total Monthly Income
- $29,988
- Insurance Expenses
- $12,511
- Water/Sewer/Garbage Expenses
- $20,066
- Gross Rent Multiplier
- 11.35
- Total Expenses
- $143,204
- Cap Rate
- 4.78
- Vacancy Rate
- 5
- Total Number of Units
- 19
- Unit Name
- 3425
- Potential Terms
- Cash, Conventional
- Year Built
- 1989
- Roof
- Flat
- Other Expenses
- 70911
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $29,988
- Gross Scheduled Income
- $351,214
- Vacancy Rate
- 5
- Gross Adjusted Income
- $333,653
- Tax Year
- 2025
- Insurance Expense
- $12,511
- W/S/G Expenses
- $20,066
- Total Expenses
- $143,204
- Net Operating Income
- $190,450
- Gross Rent Multiplier
- 11.35
- Cap Rate
- 4.78
Based on information submitted to the MLS GRID as of . 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, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.