5638 3rd Avenue NW, Seattle, WA 98107
- $1,405,000
- 2,960
- SqFt
Listing courtesy of Lake & Company. Selling Office: COMPASS.
- Sold Price
- $1,405,000
- List Price
- $1,349,000
- Status
- SOLD
- MLS#
- 2498641
- Closing Date
- May 07, 2026
- Days on Market
- 6
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,960
- Area Total SqFt
- 2960
- Annual Tax Ammount
- 10730
- Internet Provider
- various
- Lot Size (sq ft)
- 6,820
- Sewer
- Sewer Connected
- Offer Review Date
- 2026-04-06
Property Description
Perched in the heart of Phinney Ridge, this classic mid-century brick triplex blends timeless character with strong investment potential. The property features three well-appointed units, each with spacious layouts, abundant natural light with views of the Olympic Mountains, and period details that tenants love—hardwood floors, large picture windows, and solid construction throughout. Currently there is one vacant and staged unit for easy showings. The largest 3 bedroom unit will be available soon, for trouble free market rate lease updates and/or renovations, and wonderful owner occupant potential. The building offers a desirable mix of privacy, walkability and easy parking with three street facing garages. Residents enjoy easy access to neighborhood favorites—local cafés, parks, boutique shops, and major transit routes. Downtown Seattle is just minutes away. The durable brick exterior and mid-century design provide lasting curb appeal and low-maintenance ownership. Whether you're an investor seeking steady rental income or an owner-occupant looking to offset your mortgage, this triplex delivers flexibility and long-term upside in one of Seattle’s most sought-after neighborhoods. Don’t miss this rare opportunity to own a piece of Phinney Ridge charm with built-in income potential. Full Inspection available after showing.
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Additional Information
- List Date
- 2026-05-01 00:00:00
- Community
- Phinney Ridge
- Net Operating Income
- $78,341
- Gross Adjusted Income
- $97,945
- Gross Scheduled Income
- $108,828
- Total Monthly Income
- $9,069
- Insurance Expenses
- $3,497
- Water/Sewer/Garbage Expenses
- $4,124
- Gross Rent Multiplier
- 12.4
- Total Expenses
- $19,604
- Cap Rate
- 5.8100000000000005
- Vacancy Rate
- 10
- Total Number of Units
- 3
- Unit Name
- 5638
- Potential Terms
- Cash, Conventional
- Year Built
- 1958
- View
- Mountains, Territorial
- Roof
- Torch Down
- Site Features
- Fenced-Partially, High Speed Internet, Rooftop Deck
- Electric Expenses
- 453
- Other Expenses
- 800
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $9,069
- Gross Scheduled Income
- $108,828
- Vacancy Rate
- 10
- Gross Adjusted Income
- $97,945
- Tax Year
- 2025
- Insurance Expense
- $3,497
- W/S/G Expenses
- $4,124
- Total Expenses
- $19,604
- Net Operating Income
- $78,341
- Gross Rent Multiplier
- 12.4
- Cap Rate
- 5.8100000000000005
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.