Property Details
3201 S Charles Street
Seattle, WA 98144
$1,095,000
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Property Overview
In the heart of Leschi, this charming Craftsman offers exceptional flexibility and income potential in one of Seattle’s most sought-after neighborhoods. Recent price reduction to $1,095,000 can't be beat for fully permitted duplex units – each with two beds, full bath, and in-unit laundry – the property could also be converted to a four-bed, two-bath single-family home. Units are renting under market value at $2,700 and $2,500 per month, creating an outstanding opportunity for owner-occupants seeking income or investors looking for long-term upside. Seller upgrades include air conditioning, while maintaining classic Craftsman character and warmth. Enjoy lake and mountain views, and both a picturesque boulevard and a quiet dead-end street. Multiple patios and garden spaces provide ideal indoor-outdoor living, all fully fenced for privacy, entertaining, or pets.This property is suited for first-time buyers who want rental support, multi-generational living, or those who want kids to live nearby while contributing to the mortgage. Perfect location – stroll up to coffee shops and restaurants along the Leschi Ridge, or down to Lake Washington, Leschi Market, and waterfront dining.Commuting is a breeze – 15 mins to downtown Seattle, 20 mins to SeaTac, and easy access to bus routes and light rail, including new I90 light rail to Bellevue and Redmond. Rarely does a home combine lifestyle, flexibility, and income potential like this. Come experience it for yourself.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Leschi
Listed
Feb 10, 2026
Original Price
$1,125,000
Financial Summary
Cap Rate
4.40%
Net Operating Income
$49,537
Gross Scheduled Income
$62,400
Gross Rent Multiplier
18.03
Total Expenses
$12,863
Building & Use
Building Sq Ft
1,660
Leasable Area
1,660 sqft
Total Units
2
Lot Size
2,082 sqft
Year Built
1922
Exterior & Lot
Lot Size
0.05 sqft
Year Built
1922
Exterior Materials
Brick, Metal/Vinyl, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Curbs, Dead End Street, Paved, Sidewalk
Exterior Features
Brick, Metal/Vinyl, Wood
Location
City
Seattle
County
King
Coordinates
47.59446, -122.29132
Additional Information
Tax Year
2025
Annual Taxes
$7,344
Possession
Array
