Property Details
3317 Claremont Avenue S
Seattle, WA 98144
$985,000
Active
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Property Overview
This is a great opportunity to have an instant return on investment. This triplex is hitting the market for the first time since it was built—an exceptional opportunity for both investors and owner-occupants. This property features 3 spacious units, including one 3 bed, 1.5 bath unit and two 2bed, 1bath units, offering versatile rental options and strong income potential, with all units thoughtfully designed with functional floor plans and generous living spaces ideal for long-term tenants. Unit 1 spacious two-story unit featuring a well-designed layout with separation between living and sleeping areas. The main level offers a comfortable living room, kitchen, and dining space, while the upper level includes generously sized bedrooms and a full bath—ideal for privacy and functionality. The property includes a laundry room, 3 designated parking spaces, and ample street parking for tenants & guests. Roof replaced just five years ago, adding peace of mind for future ownership. With solid bones, this triplex presents a fantastic value-add opportunity with room to update interiors and increase rents over time. Centrally located with close proximity to local amenities, transit, shops, and dining, this is a rare chance to own an income-producing property, with light rail access within walking distance, making commuting easy and convenient for both owners & tenants. Perfect for investors looking to expand their portfolio or for those interested in house hacking while building equity.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Mt Baker
Listed
Apr 16, 2026
Financial Summary
Cap Rate
5.30%
Net Operating Income
$52,627
Gross Scheduled Income
$84,200
Gross Rent Multiplier
11.72
Total Expenses
$31,372
Building & Use
Building Sq Ft
3,180
Leasable Area
3,180 sqft
Total Units
3
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
4,400 sqft
Year Built
1998
Exterior & Lot
Lot Size
0.10 sqft
Year Built
1998
Exterior Materials
Cement Plank
Sewer
Sewer Connected
Lot Features
Paved, Sidewalk
Exterior Features
Cement Planked
Location
City
Seattle
County
King
Coordinates
47.57292, -122.29590
Additional Information
Tax Year
2025
Annual Taxes
$8,875
Possession
Array
Based on information submitted to the MLS GRID as of May 2, 2026 6:45 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
