Queen Anne/Magnolia Homes with 53 - Tri-plex Style

Queen Anne/Magnolia Homes with 53 - Tri-plex Style

Welcome to the enchanting neighborhoods of Queen Anne and Magnolia, two of Seattle's most sought-after locales, where stunning views and vibrant community life come together in perfect harmony. Nestled atop the hills, Queen Anne boasts a rich tapestry of history, with its charming Victorian architecture and iconic Space Needle gracing the skyline. Magnolia, on the other hand, offers a serene escape with its lush parks and waterfront access, making it an ideal retreat from the hustle and bustle of city life. Both neighborhoods provide a unique blend of urban convenience and natural beauty, ensuring that residents enjoy the best of both worlds.

For those interested in investment opportunities, the tri-plex style homes in this region are a fantastic choice. These versatile properties not only offer the potential for multiple rental incomes but also foster a sense of community with their shared living spaces. Imagine the possibilities of living in one unit while renting out the others, or creating a multi-generational living arrangement that enhances family connections.

Tri-plex homes in Queen Anne and Magnolia often feature spacious layouts, modern amenities, and outdoor spaces that invite relaxation and gatherings. With local attractions like the lush Discovery Park, eclectic shops, and delightful eateries just a stone’s throw away, residents can enjoy a vibrant lifestyle while benefiting from the stability of a well-established neighborhood.

Whether you’re an investor or seeking a unique living arrangement, the tri-plex homes in Queen Anne and Magnolia are a perfect blend of comfort, community, and opportunity. Discover your next home in one of Seattle's most picturesque and desirable areas!

Newest Queen Anne/Magnolia Homes with 53 - Tri-plex Style

$1,600,000
2584143 MLS ⋅ ACTIVE Status
Queen Anne Triplex | 1,000 SF Units + Skyline & Water Views | 1001 1st Avenue North is a beautiful mid-century triplex perched just below the top of Queen Anne Hill, one of Seattle’s most coveted neighborhoods, offering walkable access to major employers, dining, shopping, the Space Needle, Seattle Center, and Climate Pledge Arena. Originally constructed in 1953, the building features wood-frame construction, stone veneer with horizontal wood siding, a torch-down roof, double-pane vinyl windows, and exterior entrances for each unit. The property features a desirable unit mix with spacious, functional layouts. Units 1 and 2 feature identical floor plans, each offering two bedrooms, one bathroom, and approximately 1,080 square feet of living space, with large living rooms, stone fireplaces, separate dining areas, and large private decks boasting sweeping views of Seattle’s iconic skyline and the Puget Sound. Unit 3 is a spacious one-bedroom apartment offering approximately 840 square feet of living space. Units 2 and 3 feature hardwood flooring throughout, while Unit 1 features carpeted living areas and bedrooms. The property is separately metered for electricity, with each apartment heated by electric baseboard heating. Residents also benefit from a coin-operated laundry room, off-street parking, including a covered carport and an additional uncovered parking stall, as well as a storage locker for each unit.

1001 1st Avenue N, Seattle

Listing Broker: Blake Investment Advisors; Gabe Blake; 206-618-2207; gabe@blakeia.com

$1,575,000
2576257 MLS ⋅ ACTIVE Status
A standout opportunity in a prime Queen Anne location, this updated triplex delivers turnkey living. Major system upgrades include a new 50-year roof, full electrical rewiring with new service strike, all new water heaters, and 2021 exterior paint and siding repairs. Units are updated with the owner’s unit including a full 2021 remodel with stainless steel appliances and mini-splits. All units offer full-size in-unit laundry and dedicated parking, with one unit including an additional tandem space. Unbeatable location just minutes from the Gates Foundation, Amazon, Google, Seattle Center, with a bus stop on the block. Conveniently positioned for in-city living and access to exceptional regional amenities. This is a rare opportunity in a prime Queen Anne location, come see it for yourself!

1522 Taylor Avenue N, Seattle

Listing Broker: Lee & Associates Commercial RE; Sara Bago; 206-773-2674; sbago@lee-associates.com

$1,100,000
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 Broker: Engel & Voelkers Seattle DT; Bradley Wakeman; 206-920-3638; brad.wakeman@evrealestate.com

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