Property Details
808 NW Market Street
Seattle, WA 98107
$1,280,000
Pending
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Property Overview
Fully renovated triplex – CURRENT 5.8% CAP RATE (rents listed are actual except for vacant unit) located on Market Street! – This triplex has nearby public transportation and a walk score of 87. It is comprised of two 2BD/1BTH units and one 1BD/1BTH unit. The property underwent a huge remodel throughout the entirety of the property, completed in 2022. All work was permitted and inspected by the City of Seattle, including construction, electrical, plumbing, building exterior and system updates. The remodel boasts new fixtures, appliances, flooring, and numerous other thoughtful updates. The triplex backs up to a quiet alleyway with 3 parking spaces. The property is completely fenced with a yard and patio for Unit 2, and a private patio for Unit 1. The tenant in Unit 1 will be moving out 04/2026 presenting a great opportunity for a potential owner occupant.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
King
Neighborhood
Ballard
Listed
Apr 14, 2026
Financial Summary
Cap Rate
5.80%
Net Operating Income
$73,609
Gross Scheduled Income
$91,800
Gross Rent Multiplier
13.90
Total Expenses
$16,355
Vacancy Rate
2.0%
Building & Use
Building Sq Ft
2,280
Leasable Area
2,280 sqft
Total Units
3
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
4,099 sqft
Year Built
1926
Exterior & Lot
Lot Size
0.09 sqft
Year Built
1926
Exterior Materials
Wood
Sewer
Sewer Connected
Exterior Features
Wood, Wood Products
Location
City
Seattle
County
King
Coordinates
47.66894, -122.36673
Additional Information
Tax Year
2026
Annual Taxes
$10,755
Possession
Array
Based on information submitted to the MLS GRID as of May 11, 2026 3:00 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.
