Ad #7739720
MLS #2551244
Perched high above the street, in one of Seattle's most reliably
3438 14th Ave W, Seattle, WA 98119
$1,200,000
--Beds
--Baths
--Sqft
--Acres
About this property
Perched high above the street, in one of Seattle's most reliably rented neighborhoods, this triplex provides a genuine sense of privacy and security to tenants, a sought-after respite increasingly rare in urban Seattle. These features, plus four parking stalls on a private dead-end alley, in-unit laundry, and northwest facing decks translate directly into tenant stability.All three units are currently occupied. Financials include a normalized cap rate on actual rents. The normalized figure removes one-time repairs, costs not inherited by a new owner. The vacancy reserve is a conservative underwriting cushion, not a reflection of this property's rental history.Unit 1 produces strong income today with fireplace, full appliances, and a private deck. Units 2 & 3 rents are below Interbay market rate for in-unit laundry 1BRs, offering a clear path to a higher cap rate and upside potential without capital investment.Solidly built, this triplex features a standing metal roof, copper plumbing, and fresh exterior paint. Added storage in the 330 SF flexible basement. Native landscaping keeps grounds simple to maintain with minimal costs. Fix up interiors on your timeline and collect strong rents in the meantime.Zoned LR1(M) on a 6,000 SF lot with alley access along a corridor that attracts density & long-term investment. This Interbay triplex offers a stable, fully occupied diamond-in-the rough asset with clear upside potential & multiple paths to improved returns.
Property Features
0 Beds
0 Baths
0 Sqft
Built in 1963
0.000 Acres
Metal Roof
Baseboard, Electric (Heating)
King County
Interbay Community
Additional Photos
Contact Information
Bradley Wakeman
Engel & Völkers Seattle Downtown
206-623-9697
Location
Listing Agent: Bradley Wakeman 206-623-9697
Broker: Engel & Völkers Seattle Downtown 206-623-9697 Listing Site
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Engel & Völkers Seattle Downtown 206-623-9697 Listing Site
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$1,200,000
--
Beds
--
Baths
--
Sqft
3438 14th Ave W, Seattle, WA 98119
By contacting this agent you agree to these Terms and Conditions.
MLS# 2551244
Perched high above the street, in one of Seattle's most reliably
$1,200,000
3438 14th Ave W, Seattle, WA 98119
--
Beds
--
Baths
--
Sqft
--
Acres
$1,200,000
3438 14th Ave W, Seattle, WA 98119
-- Beds
-- Baths
-- Sqft
-- Acres
Perched high above the street, in one of Seattle's most reliably rented neighborhoods, this triplex provides a genuine sense of privacy and security to tenants, a sought-after respite increasingly rare in urban Seattle. These features, plus four parking stalls on a private dead-end alley, in-unit laundry, and northwest facing decks translate directly into tenant stability.All three units are currently occupied. Financials include a normalized cap rate on actual rents. The normalized figure removes one-time repairs, costs not inherited by a new owner. The vacancy reserve is a conservative underwriting cushion, not a reflection of this property's rental history.Unit 1 produces strong income today with fireplace, full appliances, and a private deck. Units 2 & 3 rents are below Interbay market rate for in-unit laundry 1BRs, offering a clear path to a higher cap rate and upside potential without capital investment.Solidly built, this triplex features a standing metal roof, copper plumbing, and fresh exterior paint. Added storage in the 330 SF flexible basement. Native landscaping keeps grounds simple to maintain with minimal costs. Fix up interiors on your timeline and collect strong rents in the meantime.Zoned LR1(M) on a 6,000 SF lot with alley access along a corridor that attracts density & long-term investment. This Interbay triplex offers a stable, fully occupied diamond-in-the rough asset with clear upside potential & multiple paths to improved returns.
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Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
Built in 1963
0.000 Acres
EXTERIOR
Metal Roof
INTERIOR
Baseboard, Electric (Heating)
FINANCIAL & COMMUNITY
King County
Interbay Community
See More Details
Location
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Ad Statistics
Ad Number
7739720
Viewed
47 times
Listing Status
Active
Added
Jul 09, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Engel & Völkers
Source Property ID
2551244
Listing Agent: Bradley Wakeman 206-623-9697
Broker: Engel & Völkers Seattle Downtown 206-623-9697 Listing Site
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Engel & Völkers Seattle Downtown 206-623-9697 Listing Site
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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