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2551 13th Avenue W, Seattle
$1,250,000
2588520 MLS ⋅ ACTIVE Status
The Queen Anne Triplex is located in one of the most sought out rental markets of the Greater Seattle area due to Upper Queen Anne’s prominent history, central location, and excellent place to live. Built in 1963, the building totals 2,720 square feet on a 5,000 square foot LR1(M) zoned lot. The building is the first time on the market in over 30 years. The unit mix consists of one three-bedroom unit approximately 1,360 square feet, one two bedroom unit approximately 760 square feet, and one one bedroom unit approximately 600 square feet, each featuring private, west facing decks. The property has three on-site parking stalls, shared laundry, 3 individual water heaters and storage for tenants. Zoning allows to add a unit in basement or build townhouse on west side of the property – buyer to verify The subject property is the perfect opportunity for an investor who wants a value-add opportunity or for an owner occupant who wants to live at the property in an excellent neighborhood just a short walking distance to all major bus lines. The property is located near Seattle Pacific University and is just minutes away from the University of Washington, Seattle Central Business District, South Lake Union and Ballard.

2551 13th Avenue W, Seattle

Listing Broker: Paragon Real Estate Advisors; Brian D. Platt; 206-812-9130; brianp@paragonrea.com

3438 14th Avenue W, Seattle
$1,100,000
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 Broker: Engel & Voelkers Seattle DT; Bradley Wakeman; 206-920-3638; brad.wakeman@evrealestate.com

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