Property Details
228 21st Avenue E
Seattle, WA 98112
$1,900,000
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 10
Property Overview
Located in the Miller Park neighborhood of Seattle, known for exceptional walking and biking scores, this property consists of a triplex + detached accessory dwelling unit (DADU). These well-built buildings were constructed in 2024. Units are equipped with full appliance packages that include refrigerator, oven, over range microwave, dishwasher, and full-size washer and dryer. Other amenities include wall mounted mini-splits that provide heating and cooling. Uniquely, the buildings have solar panels on the roof. All units in the triplex were newly leased in early 2026, and the DADU remains vacant for the possibility of an owner occupant. Two units in the triplex are designated Mandatory Housing Affordability units (MHA). These units have restricted rent based on MHA schedules and are also restricted to tenants that qualify under the program. The designation is permanent for these two units. The other two units can be rented at market rates or occupied by a new owner. Expenses are mostly estimated.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Capitol Hill
Listed
Jun 2, 2026
Structure Type
Quadruplex
New Construction
Yes
Parcel Number
0955000265
Tax & HOA
Annual Property Tax
$24,168 (2026)
Est. Monthly Tax
$2,014/mo
Financial Summary
Cap Rate
4.33%
Net Operating Income
$82,279
Gross Scheduled Income
$122,364
Gross Rent Multiplier
15.53
Total Expenses
$35,664
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
3,610
Leasable Area
3,554 sqft
Total Units
4
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
4,199 sqft
Year Built
2024
Exterior & Lot
Lot Size
0.10 sqft
Year Built
2024
Exterior Materials
Cement Plank
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved, Secluded
Exterior Features
Cement Planked
Community & Access
Directions
From I-5, take Exit 168A to Boylston Ave E. Go via E Roanoke St, right on 23rd Ave E, left on E Thomas St, then right on 21st Ave E.
Location
City
Seattle
County
King
Coordinates
47.62113, -122.30438
Additional Information
New Construction
Yes
Tax Year
2026
Annual Taxes
$24,168
Possession
Array
Based on information submitted to the MLS GRID as of June 12, 2026 4:30 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
