Property Details
1124 14th Avenue
Seattle, WA 98122
$1,100,000
Active
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Property Overview
Exceptional opportunity for owner-occupants and investors alike. This beautifully remodeled duplex features two townhouse-style residences, offering flexibility for today's buyer and long-term upside for the future. Live in the spacious front 2-bedroom home while rental income from the rear unit helps offset your mortgage, or lease both units for cash flow while holding for future development. Potential short-plat opportunity may allow the property to be sold as two separate townhomes (buyer to verify). The front residence offers 2 bedrooms, 1 bath, a private deck, and a fully fenced yard. The rear residence features 1 bedroom, 1 bath, mini-split air conditioning, plus a private deck and fenced yard. Both homes include in-unit washer and dryer, creating turnkey convenience for owners and tenants alike. Three off-street parking spaces are accessed from the alley, while the lush, landscaped grounds provide a peaceful and private setting. Located just blocks from the heart of Capitol Hill, you'll enjoy easy access to acclaimed restaurants, cafés, Trader Joe's, Central Co-op, neighborhood parks, Light Rail, and multiple transit options. A rare combination of lifestyle, income potential, and future value in one of Seattle's most sought-after neighborhoods.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Capitol Hill
Listed
Jul 23, 2026
Structure Type
Duplex
Parcel Number
2254501335
Tax & HOA
Annual Property Tax
$7,644 (2025)
Est. Monthly Tax
$637/mo
Financial Summary
Cap Rate
5.18%
Net Operating Income
$56,990
Gross Scheduled Income
$72,000
Gross Rent Multiplier
15.28
Total Expenses
$15,010
Building & Use
Building Sq Ft
1,767
Leasable Area
1,800 sqft
Total Units
2
Lot Size
3,598 sqft
Year Built
1902
Exterior & Lot
Lot Size
0.08 sqft
Year Built
1902
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Curbs, Paved, Sidewalk
Exterior Features
Wood
Community & Access
Directions
14th Ave just 1/2 block south of Union St.
Location
City
Seattle
County
King
Coordinates
47.61226, -122.31375
Additional Information
Tax Year
2025
Annual Taxes
$7,644
Possession
Array
