$1,200,000
Est. $6,024/mo3438 14th Avenue W, Seattle, WA 98119
• Listed 2026-07-09•New today
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Based on information submitted to the MLS GRID as of July 9, 2026 at 01:11am (date and time MLS GRID Data was obtained). 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.
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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.
Listed by Bradley Wakeman • Engel & Voelkers Seattle DT
Listing updated: July 9, 2026 at 01:11am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2551244
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3438 14th Avenue W, Seattle, WA 98119
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Seattle is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 14 days.
$3,988,000 Sold
3 weeks ago
•Single Family
3425 14th Avenue W, Seattle, WA 98119
0%
Over list
—
Days on market
0.1 mi
Distance
$657,000 Sold
8 weeks ago
2 bd•1.5 ba•~980 sq ft•Single Family
2046 14th Avenue W #b, Seattle, WA 98119
0%
Under list
—
Days on market
0.9 mi
Distance
$640,130 Sold
2 months ago
•Single Family
2611 3rd Avenue W, Seattle, WA 98119
8%
Under list
—
Days on market
0.8 mi
Distance
$929,000 Sold
2 months ago
3 bd•2 ba•~1,740 sq ft•Single Family
2016 14th Avenue W, Seattle, WA 98119
0%
Over list
—
Days on market
1.0 mi
Distance
$2,410,000 Sold
2 months ago
5 bd•1.5 ba•~3,270 sq ft•Single Family
807 W Armour Street, Seattle, WA 98119
2%
Under list
—
Days on market
0.6 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
Seattle School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
