Property Details

2517 – 2519 E Pike Street
Seattle, WA 98122
$899,900
MLS# 2509267 courtesy of NWMLS Listing firm: Globenex Realty

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2517 – 2519 E Pike Street , Seattle, WA 98122, Seattle

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2517 – 2519 E Pike Street , Seattle, WA 98122, Seattle

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Multi-Family
Property Type
1,310
Bldg Sq Ft
2
Units
4.60%
Cap Rate
1944
Year Built

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
Listed By
Lia Huang
Globenex Realty

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