Property Details

1124 14th Avenue
Seattle, WA 98122
$1,100,000
MLS# 2553384 courtesy of NWMLS Listing firm: Windermere RE/Capitol Hill,Inc

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1124 14th Avenue , Seattle, WA 98122, Seattle

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1124 14th Avenue , Seattle, WA 98122, Seattle

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Multi-Family
Property Type
1,767
Bldg Sq Ft
2
Units
5.18%
Cap Rate
1902
Year Built

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
Listed By
Mark T. Hanses
Windermere RE/Capitol Hill,Inc

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