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Property Seattle (United States)by realogics sotheby's international realty
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PropertySeattle (United States)
Price :
$1,200,000
bedrooms5 bathrooms4 land0 ha

Terrific opportunity to acquire a well-maintained triplex in a prime West Seattle location. Built in 1996 and in great condition with terrific curb appeal. Attractive terraced landscaping. All units sit above the street for added privacy. All 3 units have been updated and are in good condition. All are spacious and have open concept floorplans. Top floor unit is 2 bed/2 bath, one has 2 bed/1 bath, and one is 1 bed/1 bath, for a total of 2850 +/- sq ft of living space. Each unit has a dishwasher, washer, and dryer. 4 parking spaces in the alley, plus plenty of street parking out front. Excellent tenant occupancy. Rents total $6405/month and are below market, creating ability to improve on current CAP rate of 4.7%. Rent increase notice delivered 9/1/ 2026 (5...%). Fairmount Park neighborhood is centrally located. Morgan and Alaska junctions are nearby. Close to shops, restaurants, parks, and schools. Beautiful Lincoln Park and the Fauntleroy ferry are minutes away. Great public transportation out front and great access to downtown Seattle. Truly an ideal investment opportunity. Live in one unit and rent out two or just capitalize on this amazing opportunity!
Advertiser reference : HQ5P3ZLe Figaro Properties reference : 108974825

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Property Seattle (United States)

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Ev Winningham

realogics sotheby's international realty
15 Lake Street Suite 20098033 Kirkland (United States) All the listings of this agency

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Do you have a property to sell?

By confirming this form, I agree to the General Usage Terms & Conditions of Figaro Properties.
The data entered into this form is required to allow our partner Sotheby’s International Realty to respond to your contact request by phone, email or SMS concerning this real estate advertisement and, if necessary, to allow Figaro Classifieds and the companies belonging to its parent Group to provide you with the services to which you have subscribed, e.g. creating and managing your account, sending you similar real estate advertisements by email, proposing services and advice related to your real estate project.

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