Interbay Homes with 53 - Tri-plex Style

Welcome to Interbay, a vibrant neighborhood nestled in the heart of Seattle, Washington. Known for its unique blend of urban convenience and natural beauty, Interbay offers residents an exceptional quality of life. This charming area is strategically located between the bustling neighborhoods of Ballard and Queen Anne, providing easy access to a plethora of dining, shopping, and recreational options.

Interbay is particularly appealing for those who appreciate a community that prioritizes both outdoor activities and urban living. With the stunning backdrop of the Seattle skyline and the serene waters of Elliott Bay, residents can enjoy beautiful parks, scenic waterfront trails, and a variety of local markets. The area is also home to several parks, including the popular Interbay Athletic Complex, where families and sports enthusiasts can engage in a range of activities.

For those looking for a unique housing opportunity, Interbay features an array of tri-plex style homes that perfectly cater to various lifestyles. These charming properties offer the ideal blend of space and privacy, making them perfect for families or investors seeking multi-family living options. With contemporary designs and thoughtful layouts, these tri-plex homes provide ample room for comfortable living while fostering a sense of community among neighbors.

Whether you’re looking to explore the nearby attractions or simply enjoy the peaceful ambiance of Interbay, this neighborhood is a true gem in Seattle’s real estate landscape. Embrace the best of both worlds with a tri-plex home in Interbay, where urban living meets natural beauty. Come experience the charm and vibrancy of this exceptional neighborhood today!

Newest Interbay Homes with 53 - Tri-plex Style

$1,150,000

2551244 MLS ⋅ ACTIVE Status

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.

3438 14th Avenue W, Seattle

Listing courtesy of Engel & Voelkers Seattle DT.

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