Property Details

267 E Newton Street
Seattle, WA 98102
$1,175,000
MLS# 2532062 courtesy of NWMLS Listing firm: Pacific Crest

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267 E Newton Street , Seattle, WA 98102, Seattle

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267 E Newton Street , Seattle, WA 98102, Seattle

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Multi-Family
Property Type
1,760
Bldg Sq Ft
3
Units
4.06%
Cap Rate
1909
Year Built

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
Listed By
Alan Wileman
Pacific Crest

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