154 18th AVE, Seattle, WA 98122
154 18th AVE, Seattle, WA 98122
154 18th AVE, Seattle, WA 98122
154 18th AVE, Seattle, WA 98122
154 18th AVE, Seattle, WA 98122
154 18th AVE, Seattle, WA 98122
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Michael Green

Michael Green

+1(405) 227-5773
Listed by:Windermere RE/Capitol Hill,Inc • Mark T. Hanses
$ 1,799,950
Est. payment | /mo

8 Beds

8 Baths

3,470 SqFt

Save
$ 1,799,950
Est. payment | /mo
Save

8 Beds

8 Baths

3,470 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,470 sqft

Price per Sqft $518

Subdivision Central Area

MLS Listing ID 2578982

Style 53 - Tri-plex

Bedrooms 8

Year Built 1998

Annual Tax Amount $13,303

Lot Size 4,400 Sqft

Property Sub-Type Multi Family

New Construction No

Property Description

This purpose-built 1998 triplex offers the cash flow of a multifamily investment without many of the maintenance concerns commonly associated with older properties. Built with modern plumbing, electrical, windows, insulation and durable fiber-cement siding, all three townhouse-style residences also feature in-unit laundry, private outdoor spaces and off-street parking. Two units offer 3 bedrooms and 2.5 baths, while the third includes 2 bedrooms and 2 baths. The desirable two-story layouts provide a more home-like feel that attracts strong market rents and encourages long-term tenancy. With more than $100,000 in annual net income and a 5.7% cap rate, this is a compelling opportunity for investors seeking immediate returns and long-term upside. Also ideal for an owner-occupant looking to offset their mortgage with rental income. The townhouse-style configuration may offer future potential for a unit-lot short subdivision or condo conversion to allow the sale of individual units—buyer to verify. Conveniently located just south of Capitol Hill with easy access to downtown, transit and neighborhood amenities.

Location

State WA

County King

Area 390 - Central Seattle

Interior

Flooring Laminate, Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Cement Planked

Amenities Available Deck, Fenced-Partially, Gas Available, High Speed Internet, Patio

View Y/N No

Roof Type Composition

Building

Lot Description Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Bailey Gatzert

Middle Schools Wash Mid

High Schools Garfield High

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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154 18th AVE

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