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 serene green spaces, Interbay is the perfect place for those seeking a dynamic lifestyle with a touch of tranquility. This charming area is bordered by the bustling Ballard to the north and the iconic Queen Anne to the south, making it a prime location for easy access to the best of Seattle.

Interbay features a delightful array of amenities, including local parks, coffee shops, and eateries that cater to all tastes. Enjoy a leisurely stroll through the lush Interbay Park, where you can unwind and take in the stunning views of the Seattle skyline. The neighborhood is well-connected to public transportation, making commuting a breeze for those working in downtown Seattle or beyond.

For those in search of unique housing options, Interbay offers an enticing selection of tri-plex style homes. These charming residences provide an excellent opportunity for multi-generational living or investment potential, as they often come with separate entrances and living spaces. With their thoughtful layouts and modern finishes, these homes are designed to maximize comfort and style, appealing to both families and young professionals alike.

Living in Interbay means embracing a community spirit while enjoying the convenience of city life. Whether you’re savoring a cup of coffee at a local café, exploring nearby attractions, or simply relaxing in your tri-plex home, Interbay invites you to experience the best of Seattle living. Discover your perfect home in this captivating neighborhood today!

Newest Interbay Homes with 53 - Tri-plex Style

$1,200,000

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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