$1,199,000
Est. $6,641/mo1,850 sq ft
1612 N 38th Street, Seattle, WA 98103
• Listed Oct 8, 2026•6 days active · 6 cumulative
Listing Broker: Skyline Properties, Inc.; Amir Rashidi; 206-498-2290; amir@gotobuysell.com
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Listing Broker: Skyline Properties, Inc.; Amir Rashidi; 206-498-2290; amir@gotobuysell.com
About this home
This conveniently located legal duplex offers exceptional flexibility and income potential—ideal for investors, owner-occupants, or multi-generational living. Live in one unit and rent the other to help offset expenses, or take advantage of the property’s established rental potential, having previously operated as an Airbnb.Each unit is separately metered and equipped with its own tankless water heater. Additional features include a new roof, off-street parking, basement storage, a stone patio for entertaining, and a private fenced backyard.Enjoy impressive Seattle skyline views from both units. The upper unit features double French doors opening to a balcony, while the lower level offers the charm of a welcoming wrap-around porch.Conveniently located just minutes from I-5, the University of Washington, Gas Works Park, John Stanford International School, and other highly regarded schools, this property combines location, versatility, and investment potential in one compelling opportunity. We will be holding open houses on Saturday and Sunday, October 17–18 and 24–25, from 10:00 AM to 2:00 PM each day.
Listed by Amir Rashidi • Skyline Properties, Inc.
Listing updated: October 11, 2026 at 05:43pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2592815
Around this home
How much should you offer?
1612 N 38th Street, Seattle, WA 98103
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Kitchen
- Tankless Water Heater
Layout
- Duplex
Flooring
- Ceramic Tile
- Engineered Hardwood
- Carpet
Heating & cooling
- Forced Air heating
- None cooling
Schools
Ratings via SchoolDiggerSeattle School District
- John Stanford IntlPublic · Grades Elementary—
- Hamilton MidPublic · Grades Middle—
- Lincoln High SchoolPublic · Grades 9-12 · State rank 3 of 39610/10
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.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 2
- Units in building
- 2
- Units below grade
- false
- Building square feet
- 1,850 sq ft
Income & expenses
- Gross scheduled income
- $79,800
- Total monthly income
- $6,600
- Gross adjusted income
- $63,212
- Net operating income
- $63,212
- Cap rate
- 5.6%
- Gross rent multiplier
- 15.03
- Vacancy rate
- 1%
- Total expenses
- $17,788
- Insurance
- $5,125
- Fuel
- $1,200
- Water / sewer / garbage paid by
- 2400
Parking & storage
- Parking spaces
- 1
- Uncovered parking
- 1
Taxes & assessment
- Annual taxes
- $9,063
- Tax year
- 2025
- Financing
- Cash, Conventional, FHA, USDA Loan, VA Loan
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 1612 N 38th Street
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Oct 8, 2026ListedNWMLS via MLS Grid · #2592815$1,199,000$648/sq ft
- Oct 8, 2026ListedNWMLS via MLS Grid · #2593173$1,199,000$648/sq ft
- May 24, 2024SoldNWMLS via MLS Grid · #2210743$1,085,000$586/sq ft
- Apr 21, 2024PendingNWMLS via MLS Grid · #2210743$1,125,000$608/sq ft
- Apr 21, 2024Price reducedNWMLS via MLS Grid · #2210743$1,125,000$608/sq ft
- Mar 14, 2024ListedNWMLS via MLS Grid · #2210743$1,150,000$622/sq ft
Mortgage payment forecast
$7,696 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
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Listing Broker: Skyline Properties, Inc.; Amir Rashidi; 206-498-2290; amir@gotobuysell.com
Market pulse
Seattle is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
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 53 days.
Recent sales nearby
Within 1 mile · last 6 months$100,000 Sold
0 days ago
•Single Family
2143 N Northlake Way #A1, Seattle, WA 98103
20%
Under list
119
Days on market
0.5 mi
Distance
$892,999 Sold
1 day ago
2 bd•1.75 ba•~1,314 sq ft•Single Family
3637 C Dayton Ave N, Seattle, WA 98103
0%
Over list
53
Days on market
0.7 mi
Distance
$1,265,000 Sold
5 days ago
3 bd•1.75 ba•~1,950 sq ft•Single Family
4117 Eastern Avenue N, Seattle, WA 98103
2%
Under list
43
Days on market
0.5 mi
Distance
$770,000 Sold
5 days ago
2 bd•1.75 ba•~1,070 sq ft•Single Family
4322 Wallingford Avenue N #A, Seattle, WA 98103
2%
Under list
65
Days on market
0.5 mi
Distance
$720,000 Sold
5 days ago
2 bd•1.75 ba•~1,470 sq ft•Single Family
612 N 45th Street #C, Seattle, WA 98103
4%
Under list
112
Days on market
0.8 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 Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 14, 2026 at 11:11 PM PT (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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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© 2026 Northwest Multiple Listing Service. All rights reserved.
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