Interbay Real Estate

Interbay Real Estate

Welcome to Interbay, a vibrant and evolving neighborhood nestled in the heart of Seattle, Washington. This charming area, located just north of the iconic Ballard and south of Magnolia, offers a unique blend of urban convenience and suburban tranquility. Interbay is known for its picturesque views of Elliott Bay and the majestic Olympic Mountains, making it a scenic retreat for both residents and visitors alike.

Interbay boasts a rich history and a diverse community, with a mix of residential, commercial, and recreational spaces that cater to all lifestyles. The neighborhood is home to a variety of parks, including the expansive Interbay Park, which features sports fields, walking trails, and picnic areas, perfect for families and outdoor enthusiasts. The nearby Discovery Park, Seattle's largest green space, offers miles of trails, beaches, and breathtaking views, making it an ideal spot for nature lovers.

For those who enjoy an active lifestyle, Interbay is conveniently located near several golf courses, including the well-known Interbay Golf Center. The neighborhood also features a plethora of dining options, from cozy cafes to trendy restaurants, ensuring that there’s something to satisfy every palate.

Interbay's strategic location provides easy access to downtown Seattle, making it a desirable spot for commuters. The neighborhood is well-connected by public transportation, with bus routes and light rail options that make getting around the city a breeze.

Whether you’re seeking a quiet retreat or a bustling urban experience, Interbay offers the best of both worlds. Come explore this hidden gem and discover why so many are proud to call Interbay home!

Newest Listings in Interbay

3438 14th Avenue W, Seattle
$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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