Property Details
2517 – 2519 E Pike Street
Seattle, WA 98122
$899,900
Active
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Property Overview
Rare opportunity to own a charming side-by-side duplex on a quiet street in sought-after Madrona. Offering a blend of character, income potential, and future flexibility, this property presents a unique ownership opportunity in one of Seattle’s most desirable neighborhoods. Each unit features 1 bed, 1 bath, and its own private, fully fenced backyard—ideal for relaxing or entertaining. Fresh exterior paint in 2024 enhances curb appeal. Unit 2519 has been tastefully updated with newer flooring, appliances, and a refreshed bathroom, creating a bright and move-in ready space. The second unit offers excellent potential for future updates and added value. Flexible layout offers versatility and strong income potential. Gated driveway access provides flexible space for RV, boat, or additional off-street parking, plus ample street parking. Tenants are responsible for all utilities. Walk Score of 90 with convenient access to shops, restaurants, PCC, parks, and transit. Minutes to Madrona Park, Lake Washington, downtown Seattle, I-90, and 520. NR3 zoning offers added flexibility and long-term potential (buyer to verify). A rare opportunity in a prime location with strong upside.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Madrona
Listed
Apr 17, 2026
Original Price
$859,900
Financial Summary
Cap Rate
4.60%
Net Operating Income
$39,088
Gross Scheduled Income
$49,496
Total Expenses
$10,592
Building & Use
Building Sq Ft
1,310
Leasable Area
1,310 sqft
Total Units
2
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
5,759 sqft
Year Built
1944
Exterior & Lot
Lot Size
0.13 sqft
Year Built
1944
Exterior Materials
Wood
Parking
RV Parking
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Wood
Location
City
Seattle
County
King
Coordinates
47.61402, -122.29938
Additional Information
Tax Year
2026
Annual Taxes
$9,742
Possession
Array
