2551 13th Avenue W, Seattle, WA 98119
- $1,250,000
- 2,720
- SqFt
Listing Broker: Paragon Real Estate Advisors; Brian D. Platt; 206-812-9130; brianp@paragonrea.com
- List Price
- $1,250,000
- Status
- ACTIVE
- MLS#
- 2588520
- Days on Market
- 0
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,720
- Area Total SqFt
- 2720
- Annual Tax Ammount
- 12934
- Lot Size (sq ft)
- 5,000
- Sewer
- Available
Property Description
The Queen Anne Triplex is located in one of the most sought out rental markets of the Greater Seattle area due to Upper Queen Anne’s prominent history, central location, and excellent place to live. Built in 1963, the building totals 2,720 square feet on a 5,000 square foot LR1(M) zoned lot. The building is the first time on the market in over 30 years. The unit mix consists of one three-bedroom unit approximately 1,360 square feet, one two bedroom unit approximately 760 square feet, and one one bedroom unit approximately 600 square feet, each featuring private, west facing decks. The property has three on-site parking stalls, shared laundry, 3 individual water heaters and storage for tenants. Zoning allows to add a unit in basement or build townhouse on west side of the property – buyer to verify The subject property is the perfect opportunity for an investor who wants a value-add opportunity or for an owner occupant who wants to live at the property in an excellent neighborhood just a short walking distance to all major bus lines. The property is located near Seattle Pacific University and is just minutes away from the University of Washington, Seattle Central Business District, South Lake Union and Ballard.
Additional Information
- List Date
- 2026-09-28 23:58:12
- Community
- Queen Anne
- Net Operating Income
- $60,302
- Gross Adjusted Income
- $96,330
- Gross Scheduled Income
- $101,400
- Total Monthly Income
- $8,450
- Insurance Expenses
- $6,448
- Water/Sewer/Garbage Expenses
- $7,080
- Gross Rent Multiplier
- 12.33
- Total Expenses
- $36,029
- Cap Rate
- 4.8
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 2551
- Potential Terms
- Cash, Conventional
- Year Built
- 1963
- Roof
- Flat
- Other Expenses
- 9567
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $8,450
- Gross Scheduled Income
- $101,400
- Vacancy Rate
- 5
- Gross Adjusted Income
- $96,330
- Tax Year
- 2026
- Insurance Expense
- $6,448
- W/S/G Expenses
- $7,080
- Total Expenses
- $36,029
- Net Operating Income
- $60,302
- Gross Rent Multiplier
- 12.33
- Cap Rate
- 4.8
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.