3438 14th Avenue W, Seattle, WA 98119

Seattle
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: bradley wakeman
Office: engel & voelkers seattle dt
MLS#:2513387
Source:NWMLS
3438 14th Avenue W,Seattle, WA 98119
$1,250,000
  • - Beds
  • - Baths
  • 3,110 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,250,000
  • Price per sq. ft.:$401.93

About this home

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...

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Home facts

  • Year built:1963
  • Listing ID #:2513387
  • Updated:June 30, 2026 at 11:12 AM

Rooms and interior

  • Flooring:Carpet, Ceramic Tile Floor, Laminate, Vinyl Floor
  • Living area:3,110 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Metal
  • Year built:1963
  • Building area:3,110 sq. ft.
  • Lot area:0.14 Acres
  • Lot Features:Alley, Curbed Lot, Paved, Sidewalk
  • Construction Materials:Wood Exterior Finish
  • Exterior Features:Deck

Schools

  • High school:Lincoln High
  • Middle school:Mc Clure Mid
  • Elementary school:Frantz Coe Elementary

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,250,000
  • Price per sq. ft.:$401.93
  • Tax amount:$14,430 (2026)

Parking

  • Total parking spaces:4
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