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Listed by David Young eXp Realty LLC Seattle
$ 580,000
Est. payment | /mo
3,750 SqFt
$ 580,000
Est. payment | /mo
3,750 SqFt
Key Details
Property Type Other Types
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,750 sqft
Price per Sqft $154
MLS Listing ID 25-3509
Year Built 1974
Annual Tax Amount $4,724
Tax Year 2025
Property Sub-Type Triplex
Land Area 3750
Property Description
Value add multifamily opportunity consisting of two triplexes on separate parcels with six total units, all 1 bed / 1 bath. The property is currently cash flowing, with a current cap rate of 6.5% with below-market rents, offering strong upside through rent increases and estimated stabilized cap rate of 7.4%. Features include separate electric meters, a communal laundry room, low-maintenance courtyard landscaping, and six dedicated parking stalls plus off-street parking. Professionally managed and suitable for an owner-occupant or investor seeking stable income with appreciation potential.
Location
State WA
Area 2A - Btwn N 1St/16Th
Zoning R1 - Single Fam Res
Direction GPS to address
Interior
Heating Baseboard, Electric
Heat Source Electric, Baseboard
Exterior
Roof Type Composition
Total Parking Spaces 6
Building
Sewer Connected
Water Public
Structure Type Stucco,Frame
Others
Tax ID 181324-22448 & 22588
Acceptable Financing Commercial, VA Loan, FHA, Conventional, Cash
Listing Terms Commercial, VA Loan, FHA, Conventional, Cash