New ListingThis purpose-built 1998 triplex offers the cash flow of a multifamily investment without many of the maintenance concerns commonly associated with older properties. Built with modern plumbing, electrical, windows, insulation and durable fiber-cement siding, all three townhouse-style residences also feature in-unit laundry, private outdoor spaces and off-street parking. Two units offer 3 bedrooms and 2.5 baths, while the third includes 2 bedrooms and 2 baths. The desirable two-story layouts provide a more home-like feel that attracts strong market rents and encourages long-term tenancy. With more than $100,000 in annual net income and a 5.7% cap rate, this is a compelling opportunity for investors seeking immediate returns and long-term upside. Also ideal for an owner-occupant looking to offset their mortgage with rental income. The townhouse-style configuration may offer future potential for a unit-lot short subdivision or condo conversion to allow the sale of individual units-buyer to verify. Conveniently located just south of Capitol Hill with easy access to downtown, transit and neighborhood amenities.
| MLS # | 2578982 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1998 |
| Days On Site | 6 |
| Listing Provided By | Windermere RE/Capitol Hill,Inc | Mark T. Hanses |
| SQ Feet | 3,470 |
|---|---|
| Story(s) | 2 |
| Units | 3 |
| Acreage | 0.10 |
| Property | 13303 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98122 |
| Area | 390 Central Seattle |
| Community Name | Central Area |
| School District | Garfield High |
| Elementary School | Bailey Gatzert |
| High School | Garfield High |
| Listing VS Median (in Central Area) | |
Price: $1,799,950 low | high Med: $742,000 sqft: 3,470 low | high Med: 1,580 $ / sqft: $519 low | high Med: $470 On site: 6 low | high Med: 169 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98122 |
| Area | 390 Central Seattle |
| Community Name | Central Area |
| School District | Garfield High |
| Elementary School | Bailey Gatzert |
| High School | Garfield High |
| Listing VS Median (in Central Area) | |
Price: $1,799,950 low | high Med: $742,000 sqft: 3,470 low | high Med: 1,580 $ / sqft: $519 low | high Med: $470 On site: 6 low | high Med: 169 | |
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