154 18th Avenue, Seattle, WA 98122

Seattle
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: mark t. hanses
Office: windermere re/capitol hill,inc
MLS#:2578982
Source:NWMLS
154 18th Avenue,Seattle, WA 98122
$1,799,950
  • - Beds
  • - Baths
  • 3,470 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,799,950
  • Price per sq. ft.:$518.72

About this home

This 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...

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Home facts

  • Year built:1998
  • Subdivision & Development:Central Area
  • Listing ID #:2578982
  • Updated:September 23, 2026 at 12:27 AM

Rooms and interior

  • Flooring:Carpet, Laminate, Vinyl Floor
  • Living area:3,470 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1998
  • Building area:3,470 sq. ft.
  • Lot area:0.1 Acres
  • Lot Features:Curbed Lot, Paved, Sidewalk
  • Construction Materials:Cement Planked
  • Exterior Features:Deck, Fenced-Partially, Patio

Schools

  • High school:Garfield High
  • Middle school:Wash Mid
  • Elementary school:Bailey Gatzert

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,799,950
  • Price per sq. ft.:$518.72
  • Tax amount:$13,303 (2026)

Features and amenities

  • Amenities:Gas Available, High Speed Internet

Parking

  • Total parking spaces:3
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 23, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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