Property Details
267 E Newton Street
Seattle, WA 98102
$1,175,000
Active
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Property Overview
Located in one of Seattle's most sought-after neighborhoods, this charming Eastlake property presents a rare opportunity for both investors and owner-occupants. Perfectly positioned just minutes from Lake Union, downtown Seattle, South Lake Union, and Capitol Hill, the property benefits from Eastlake's unbeatable walkability, vibrant restaurant scene, coffee shops, waterfront access, and convenient transit connections. The property has a long history of strong occupancy and consistently attracts high-quality tenants thanks to its highly desirable location and neighborhood appeal. Eastlake remains one of Seattle's most resilient rental markets, known for low vacancy and strong rental demand driven by nearby tech and medical employment centers. Currently configured as a legal triplex, the property offers flexible income-producing potential with the opportunity for owner-occupancy while offsetting expenses through rental income. The property also includes additional shared storage and laundry space, along with valuable future upside through its LR2(M) zoning and development potential. Whether you are looking for a stable investment property, a future development opportunity, or a home in one of Seattle's most amenity-rich neighborhoods, this Eastlake property offers exceptional long-term value in a premier location.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Eastlake
Listed
May 30, 2026
Structure Type
Triplex
Parcel Number
4086300045
Tax & HOA
Annual Property Tax
$12,438 (2026)
Est. Monthly Tax
$1,037/mo
Financial Summary
Cap Rate
4.06%
Net Operating Income
$47,725
Gross Scheduled Income
$72,180
Gross Rent Multiplier
16.27
Total Expenses
$22,290
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
1,760
Leasable Area
1,760 sqft
Total Units
3
Lot Size
3,698 sqft
Year Built
1909
Exterior & Lot
Lot Size
0.08 sqft
Year Built
1909
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Curbs, Paved, Sidewalk, Value In Land
Exterior Features
Wood
Community & Access
Directions
Heading North on 1-5; Take exit 168A for Lakeview Blvd, turn left onto Lakeview Blvd E which becomes Boylston Ave E, Turn left onto E Lynn St, Turn left onto Franklin Ave E, Turn left onto E Newton St
Location
City
Seattle
County
King
Coordinates
47.63663, -122.32398
Additional Information
Tax Year
2026
Annual Taxes
$12,438
Possession
Array
