Property Details
3425 14th Avenue W
Seattle, WA 98119
$3,988,000
Pending
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Property Overview
Well-located 19 unit multifamily investment positioned in Seattle’s Queen Anne / Interbay corridor with expansive views overlooking Interbay, Magnolia, and Fishermen’s Terminal. The unit mix consists of a combination of large studio units and large one-bedroom residences with an average unit size of approximately 646 square feet. Most units have received interior updates including refreshed cabinetry, LVP flooring, and a mix of Formica, granite, and quartz countertops. Building capital improvements include the installation of a new TPO roof in 2025. Other building systems include copper plumbing, GE electrical panels, and double-pane aluminum windows. Additional amenities such as secured covered garage parking, a secured entry intercom system, in-unit water tanks, on-site laundry, and basement storage units further enhance tenant appeal and contribute to operational stability. There is potential to add in-unit washers and dryers (subject to buyer verification), offering an additional avenue for future rental income creation.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
King
Neighborhood
Interbay
Listed
Feb 4, 2026
Original Price
$4,395,000
Financial Summary
Cap Rate
4.78%
Net Operating Income
$190,450
Gross Scheduled Income
$351,214
Gross Rent Multiplier
11.35
Total Expenses
$143,204
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
12,270
Leasable Area
12,270 sqft
Total Units
19
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
8,999 sqft
Year Built
1989
Exterior & Lot
Lot Size
0.21 sqft
Year Built
1989
Garage
10 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Exterior Features
Wood, Wood Products
Location
City
Seattle
County
King
Coordinates
47.65115, -122.37527
Additional Information
Tax Year
2025
Annual Taxes
$39,716
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 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.
