Property Details
3438 14th Avenue W
Seattle, WA 98119
$1,300,000
Active
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Property Overview
This is the kind of Seattle triplex that doesn't need a story — it just needs a buyer who recognizes a solid diamond-in-the-rough asset when they see one. Three units, four parking stalls, laundry in every unit, and a private dead-end alley setting in one of Seattle's most reliably rented neighborhoods. Perched high above the street, the property offers tenants a genuine sense of privacy and security that is increasingly rare in urban Seattle — and that translates directly into the kind of tenant stability every investor wants. Solidly built with a standing metal roof, fresh exterior paint, and copper plumbing throughout means these big-ticket items are already handled. The 390 SF basement adds storage flexibility, and native landscaping keeps grounds maintenance simple and affordable. Each unit opens onto a large private deck with views — the kind of feature that fills vacancies fast and keeps tenants renewing year after year. At 2,780 SF of rentable space on a 6,000 SF lot zoned LR1 (M), this property offers something beyond steady cash flow. The elevated setting, the alley access, the parking, the in-unit amenities — together they create a tenant experience that can outperform the typical Seattle triplex with upside potential. Fix up the interiors on your timeline, collect strong rents in the meantime and hold an asset that the corridor growth makes worth watching long term. Interbay is central, connected, and in demand. This triplex is ready to perform from day one.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Interbay
Listed
Apr 24, 2026
Financial Summary
Cap Rate
2.50%
Net Operating Income
$32,769
Gross Scheduled Income
$71,400
Gross Rent Multiplier
18.20
Total Expenses
$38,631
Vacancy Rate
6.0%
Building & Use
Building Sq Ft
3,110
Leasable Area
2,780 sqft
Total Units
3
Zoning
See Remarks
Possible Use
See Remarks
Lot Size
5,998 sqft
Year Built
1963
Exterior & Lot
Lot Size
0.14 sqft
Year Built
1963
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Curbs, Paved, Sidewalk
Exterior Features
Wood
Location
City
Seattle
County
King
Coordinates
47.65146, -122.37452
Additional Information
Tax Year
2025
Annual Taxes
$13,796
Possession
Array
Based on information submitted to the MLS GRID as of April 30, 2026 9:00 AM. 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.
