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Prime Ballard Triplex with Strong Rental Income & Value-Add Potential! Well-maintained income property featuring two spacious 2-bedroom, 1.75-bath units (approximately 1,430 SF each) and a lower-level studio (approximately 540 SF), generating $84,480 in annual rental income. Long-term tenants provide stable cash flow with upside through future rent adjustments. Utilities are included in rent, making this an attractive investment with consistent occupancy history. Ideally located near downtown Ballard, Golden Gardens, shopping, dining, parks, transit, and major commuter routes. Whether you're adding to your portfolio or seeking a long-term investment in one of Seattle's most desirable neighborhoods, this property offers immediate income, future upside, and excellent appreciation potential.

2556712 MLS ⋅ ACTIVE Status

Prime Ballard Triplex with Strong Rental Income & Value-Add Potential! Well-maintained income property featuring two spacious 2-bedroom, 1.75-bath units (approximately 1,430 SF each) and a lower-level studio (approximately 540 SF), generating $84,480 in annual rental income. Long-term tenants provide stable cash flow with upside through future rent adjustments. Utilities are included in rent, making this an attractive investment with consistent occupancy history. Ideally located near downtown Ballard, Golden Gardens, shopping, dining, parks, transit, and major commuter routes. Whether you're adding to your portfolio or seeking a long-term investment in one of Seattle's most desirable neighborhoods, this property offers immediate income, future upside, and excellent appreciation potential.

6013 4th Avenue NW, Seattle

Listing Broker: Kelly Right RE of Seattle LLC; Puneet Sachdeva; 206-920-5555; psachdeva@hotmail.com

$1,050,000

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.

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; Brad Wakeman; 206-920-3638; brad.wakeman@evrealestate.com

$1,250,000

Welcome to this prime Ballard triplex, an exceptional opportunity for investors looking for a well-maintained, income-producing asset in a highly walkable and sought-after Seattle neighborhood. Currently fully tenant-occupied, rents in two units were recently increased to closely reflect current market value, offering a solid foundation with a clear path for continued growth. Two of the units were fully renovated, and every unit comes fully equipped with a range, refrigerator, and dishwasher for everyday convenience. Beyond the individual living spaces, the property features shared on-site coin laundry facilities and two garage spaces, adding significant value and the potential for additional parking or storage revenue. Situated in an incredibly walkable Ballard location, residents have easy access to the neighborhood's renowned dining, shopping, and entertainment. This is a rare chance to own a fully occupied, well-performing asset with clear upside in one of Seattle's strongest rental markets.

2542614 MLS ⋅ ACTIVE Status

Welcome to this prime Ballard triplex, an exceptional opportunity for investors looking for a well-maintained, income-producing asset in a highly walkable and sought-after Seattle neighborhood. Currently fully tenant-occupied, rents in two units were recently increased to closely reflect current market value, offering a solid foundation with a clear path for continued growth. Two of the units were fully renovated, and every unit comes fully equipped with a range, refrigerator, and dishwasher for everyday convenience. Beyond the individual living spaces, the property features shared on-site coin laundry facilities and two garage spaces, adding significant value and the potential for additional parking or storage revenue. Situated in an incredibly walkable Ballard location, residents have easy access to the neighborhood's renowned dining, shopping, and entertainment. This is a rare chance to own a fully occupied, well-performing asset with clear upside in one of Seattle's strongest rental markets.

5506 7th Avenue NW, Seattle

Listing Broker: COMPASS; Jonny Tat; 206-973-6838; jonny.tat@compass.com

$1,150,000

Prime Central District development opportunity!! 4,900 sq ft corner lot zoned LR2 (M) with an 8-unit townhouse project already in the final correction stage with the City of Seattle. Much of the design and permitting work has been completed, giving the next owner a valuable head start toward redevelopment. Architectural fees and third-party consultant fees have already been paid, adding even more value for the next owner. Existing triplex provides interim income potential with one 2BD/1BA unit and two 1BD/1BA units, with a shared laundry. Separate meters and driveways on both sides of the lot add flexibility. Grab your shovel, and get ready to unlock the full potential of this well-positioned CD site. Request marketing file for full project description. Buyer to verify all information to their satisfaction.

2533338 MLS ⋅ ACTIVE Status

Prime Central District development opportunity!! 4,900 sq ft corner lot zoned LR2 (M) with an 8-unit townhouse project already in the final correction stage with the City of Seattle. Much of the design and permitting work has been completed, giving the next owner a valuable head start toward redevelopment. Architectural fees and third-party consultant fees have already been paid, adding even more value for the next owner. Existing triplex provides interim income potential with one 2BD/1BA unit and two 1BD/1BA units, with a shared laundry. Separate meters and driveways on both sides of the lot add flexibility. Grab your shovel, and get ready to unlock the full potential of this well-positioned CD site. Request marketing file for full project description. Buyer to verify all information to their satisfaction.

118 27th Avenue S, Seattle

Listing Broker: Keller Williams Realty Bothell; Erica Alexei; 425-395-9292; erica.alexei@outlook.com

10033 Des Moines Memorial Drive S, Seattle

$799,950

Exceptional fully rented triplex offering immediate rental income and long-term investment potential with zoning for up to 4 units. This income-generating property has a strong rental history with reliable tenants and low vacancy, making it a smart addition to any investment portfolio. The versatile floorplan includes a spacious upper 3-bedroom, 2-bath unit along with two lower-level units, creating multiple streams of income and future owner-occupant flexibility. Each unit features its own washer and dryer for added tenant convenience. Significant updates include a newer roof installed in 2018 and a new sewer line completed in 2021. The property also offers abundant off-street parking, a valuable feature for tenants and guests alike. Ideally situated near I-5, Hwy 99, downtown Seattle, SODO, Burien, and Sea-Tac Airport, this location provides quick access to major job centers, public transportation, shopping, dining, and everyday amenities. With continued growth and rental demand throughout the Seattle area, this turnkey multifamily property combines stable cash flow, strong location appeal, and future development possibilities in one compelling investment opportunity.

2527876 MLS ⋅ ACTIVE Status

Exceptional fully rented triplex offering immediate rental income and long-term investment potential with zoning for up to 4 units. This income-generating property has a strong rental history with reliable tenants and low vacancy, making it a smart addition to any investment portfolio. The versatile floorplan includes a spacious upper 3-bedroom, 2-bath unit along with two lower-level units, creating multiple streams of income and future owner-occupant flexibility. Each unit features its own washer and dryer for added tenant convenience. Significant updates include a newer roof installed in 2018 and a new sewer line completed in 2021. The property also offers abundant off-street parking, a valuable feature for tenants and guests alike. Ideally situated near I-5, Hwy 99, downtown Seattle, SODO, Burien, and Sea-Tac Airport, this location provides quick access to major job centers, public transportation, shopping, dining, and everyday amenities. With continued growth and rental demand throughout the Seattle area, this turnkey multifamily property combines stable cash flow, strong location appeal, and future development possibilities in one compelling investment opportunity.

10033 Des Moines Memorial Drive S, Seattle

Listing Broker: John L. Scott, Inc; Gary Ly; 206-412-1181; garyly@johnlscott.com

$870,000

2530515 MLS ⋅ PENDING SHORT SALE Status

7542 Roosevelt Way NE, Seattle

Listing Broker: RE/MAX Northwest; Mary A. Sincavage; ;

$2,150,000

Stately Eastlake Craftsman Triplex with amazing Lake Union, Mountains, Space Needle, and downtown views! Three complete distinct sizeable homes, each on individual floors! This Architectural Gem features expansive grand living and dining rooms with classic Craftsman style coved and beamed ceilings, picture molding, some original light fixtures, hardware, and polished hardwood floors that fill the main rooms of this impressive property. Brick mantled fireplaces with decorative timber finish occupy 2 of the units living rooms. Updated kitchens in each unit with newer appliances are adjacent to light and bright family rooms. Every bedroom is oversized with good closet space, and plenty of light. Additionally, each unit has 2-upgraded-bathrooms, with a combination of tubs and walk-in showers. Private viewing decks off of each home's family room. Alley-adjacent parking includes a RARE 2 CAR GARAGE plus 3 uncovered spaces, total 5 cars. Top floor IN-UNIT laundry, plus spacious updated laundry room in basement. MIDRISE ZONED PROPERTY (MR) offers development potential (7 stories) with major enhancement of 180 degree city/lake/mountain views. A certified property survey is included.

2515956 MLS ⋅ ACTIVE Status

Stately Eastlake Craftsman Triplex with amazing Lake Union, Mountains, Space Needle, and downtown views! Three complete distinct sizeable homes, each on individual floors! This Architectural Gem features expansive grand living and dining rooms with classic Craftsman style coved and beamed ceilings, picture molding, some original light fixtures, hardware, and polished hardwood floors that fill the main rooms of this impressive property. Brick mantled fireplaces with decorative timber finish occupy 2 of the units living rooms. Updated kitchens in each unit with newer appliances are adjacent to light and bright family rooms. Every bedroom is oversized with good closet space, and plenty of light. Additionally, each unit has 2-upgraded-bathrooms, with a combination of tubs and walk-in showers. Private viewing decks off of each home's family room. Alley-adjacent parking includes a RARE 2 CAR GARAGE plus 3 uncovered spaces, total 5 cars. Top floor IN-UNIT laundry, plus spacious updated laundry room in basement. MIDRISE ZONED PROPERTY (MR) offers development potential (7 stories) with major enhancement of 180 degree city/lake/mountain views. A certified property survey is included.

2025 Boylston Avenue E, Seattle

Listing Broker: Windermere RE West Campus Inc; Bret C. Lane; 206-353-3796; bretlane@windermere.com

$895,000

Rare and versatile opportunity in the highly desirable Ballard / West Woodland neighborhood. This well-located triplex at 4903 3rd Ave NW offers a unique combination of immediate rental income and future flexibility. The property currently operates as a triplex but presents a rare and relatively straightforward opportunity to convert the structure back into a spacious single-family residence if desired. The building’s layout and single-structure configuration make it well suited for a buyer looking to reimagine the property as a large custom home, while still maintaining the option to generate rental income in the meantime. For investors, the existing units provide steady income potential in one of Seattle’s strongest rental markets. For owner-occupants or builders, the property offers the chance to create a substantial single-family home in a premier neighborhood without starting from the ground up. Ideally located just minutes from Ballard, Fremont, Green Lake, and Woodland Park, with easy access to shops, restaurants, parks, and major commuter routes. Opportunities like this—combining location, income potential, and future conversion flexibility—are increasingly rare in this sought-after Seattle neighborhood. A truly flexible property with long-term upside for investors, developers, or homeowners looking to create their dream residence.

2518454 MLS ⋅ ACTIVE Status

Rare and versatile opportunity in the highly desirable Ballard / West Woodland neighborhood. This well-located triplex at 4903 3rd Ave NW offers a unique combination of immediate rental income and future flexibility. The property currently operates as a triplex but presents a rare and relatively straightforward opportunity to convert the structure back into a spacious single-family residence if desired. The building’s layout and single-structure configuration make it well suited for a buyer looking to reimagine the property as a large custom home, while still maintaining the option to generate rental income in the meantime. For investors, the existing units provide steady income potential in one of Seattle’s strongest rental markets. For owner-occupants or builders, the property offers the chance to create a substantial single-family home in a premier neighborhood without starting from the ground up. Ideally located just minutes from Ballard, Fremont, Green Lake, and Woodland Park, with easy access to shops, restaurants, parks, and major commuter routes. Opportunities like this—combining location, income potential, and future conversion flexibility—are increasingly rare in this sought-after Seattle neighborhood. A truly flexible property with long-term upside for investors, developers, or homeowners looking to create their dream residence.

4903 3rd Avenue NW, Seattle

Listing Broker: Synergy Mrgrs & Acq. LLC; Francis Roman; 208-755-9071; frank@synergy-am.com

6725 Carlton Avenue Unit #A,B,C, Seattle

$1,550,000

LIMITED TIME 4.99% INTEREST RATE. Modern Georgetown triplex offering flexibility for rentals or STR strategies. Built by a 2025 Best Homebuilder in the Pacific Northwest, each unit features private en-suite baths, energy-efficient systems, abundant natural light, EV-ready parking, and private outdoor space. Located just steps from Georgetown’s restaurants, breweries, and shops, with quick access to downtown Seattle, I-5, and Hwy 99. Well-positioned for stable in-place income today with additional upside potential through mid-term or short-term rental strategies during major events, including World Cup. Clean, low-maintenance asset in one of Seattle’s most dynamic urban neighborhoods. Agent on site Thursday & Friday 3pm-6pm

2510937 MLS ⋅ ACTIVE Status

LIMITED TIME 4.99% INTEREST RATE. Modern Georgetown triplex offering flexibility for rentals or STR strategies. Built by a 2025 Best Homebuilder in the Pacific Northwest, each unit features private en-suite baths, energy-efficient systems, abundant natural light, EV-ready parking, and private outdoor space. Located just steps from Georgetown’s restaurants, breweries, and shops, with quick access to downtown Seattle, I-5, and Hwy 99. Well-positioned for stable in-place income today with additional upside potential through mid-term or short-term rental strategies during major events, including World Cup. Clean, low-maintenance asset in one of Seattle’s most dynamic urban neighborhoods. Agent on site Thursday & Friday 3pm-6pm

6725 Carlton Avenue Unit #A,B,C, Seattle

Listing Broker: Real Broker LLC; Lucas Pinto; 206-910-2943; lucas@lpgreal.com

$725,000

South Park income-producing property featuring a beautifully updated Northwest Contemporary home with a basement apartment and detached DADU, offering excellent potential for rental income. The main home showcases vaulted ceilings with exposed beams, warm wood flooring, and abundant natural light. The chef’s kitchen is designed for both style and function with quartz countertops, stainless appliances, farmhouse sink, live-edge shelving, pantry, breakfast bar, and a huge quartz center island, along with skylights that create a bright, inviting space perfect for entertaining. Flexible living includes a main floor bedroom or office, full bath, and main-level laundry. Upstairs you’ll find a spacious primary suite with a walk-in closet and relaxing bathroom with jetted tub. The property also features two income-producing units: a lower-level apartment with kitchen, living room, den, private laundry and bath, plus a detached industrial-style DADU with loft, kitchen, bath and private laundry. Outdoor spaces include a walkout deck, private patio, and thoughtfully designed garden seating areas, along with RV parking, carport, and parking for up to five vehicles. Located in a central South Park location, this rare opportunity is ideal for investors or buyers seeking rental income to offset their mortgage.

2497011 MLS ⋅ ACTIVE Status

South Park income-producing property featuring a beautifully updated Northwest Contemporary home with a basement apartment and detached DADU, offering excellent potential for rental income. The main home showcases vaulted ceilings with exposed beams, warm wood flooring, and abundant natural light. The chef’s kitchen is designed for both style and function with quartz countertops, stainless appliances, farmhouse sink, live-edge shelving, pantry, breakfast bar, and a huge quartz center island, along with skylights that create a bright, inviting space perfect for entertaining. Flexible living includes a main floor bedroom or office, full bath, and main-level laundry. Upstairs you’ll find a spacious primary suite with a walk-in closet and relaxing bathroom with jetted tub. The property also features two income-producing units: a lower-level apartment with kitchen, living room, den, private laundry and bath, plus a detached industrial-style DADU with loft, kitchen, bath and private laundry. Outdoor spaces include a walkout deck, private patio, and thoughtfully designed garden seating areas, along with RV parking, carport, and parking for up to five vehicles. Located in a central South Park location, this rare opportunity is ideal for investors or buyers seeking rental income to offset their mortgage.

1053 S Southern Street, Seattle

Listing Broker: RE/MAX Extra Inc.; Brandon Scheer; 253-579-2358; brandon@scheergold.com

$1,216,800

Investor-Ready Cash-Flowing Triplex in Meadowbrook’s LR3(M) Growth Zone Fully stabilized 1960 triplex in northeast Seattle’s Meadowbrook neighborhood. Each of the three identical 3-bed/1-bath units is 1,100 SF and leased through 2026-2028. Tenants pay all utilities (electric directly; sewer/water/garbage via RUBS). Each unit has separate laundry, and the property includes seven off-street parking spaces. Capital Improvements (2019–2026): New SquareD panels, GFCI bath/kitchen upgrades, dedicated appliance/bath circuits, targeted heater replacements, PEX refit in Apts. A/C, bathtub re-plumbing, new toilets, new water heaters, new carpet/vinyl flooring, newer kitchen/bath cabinets, appliances, window coverings, interior paint, redirected drainage, and vinyl windows. Deferred maintenance addressed; capex schedule available. Location & Zoning Upside: Meadowbrook (98125) offers residential character and LR3(M) density upside. Rapid bus lines are within a 5-minute walk, Northgate light rail is about a 10-minute drive, and the Burke-Gilman Trail is nearby. Lake City Way adds nearby retail and dining convenience. Target Buyer: Small investor seeking stable cash flow or portfolio buyer consolidating LR3(M)-zoned assets. Clean title, clean books, clean systems. Boundary survey completed in 2018, adding due diligence value.

2489986 MLS ⋅ ACTIVE Status

Investor-Ready Cash-Flowing Triplex in Meadowbrook’s LR3(M) Growth Zone Fully stabilized 1960 triplex in northeast Seattle’s Meadowbrook neighborhood. Each of the three identical 3-bed/1-bath units is 1,100 SF and leased through 2026-2028. Tenants pay all utilities (electric directly; sewer/water/garbage via RUBS). Each unit has separate laundry, and the property includes seven off-street parking spaces. Capital Improvements (2019–2026): New SquareD panels, GFCI bath/kitchen upgrades, dedicated appliance/bath circuits, targeted heater replacements, PEX refit in Apts. A/C, bathtub re-plumbing, new toilets, new water heaters, new carpet/vinyl flooring, newer kitchen/bath cabinets, appliances, window coverings, interior paint, redirected drainage, and vinyl windows. Deferred maintenance addressed; capex schedule available. Location & Zoning Upside: Meadowbrook (98125) offers residential character and LR3(M) density upside. Rapid bus lines are within a 5-minute walk, Northgate light rail is about a 10-minute drive, and the Burke-Gilman Trail is nearby. Lake City Way adds nearby retail and dining convenience. Target Buyer: Small investor seeking stable cash flow or portfolio buyer consolidating LR3(M)-zoned assets. Clean title, clean books, clean systems. Boundary survey completed in 2018, adding due diligence value.

12317 35th Avenue NE, Seattle

Listing Broker: MLS4owners.com; Chris C. Nye; 253-460-1900; sales@mls4owners.com

$1,499,900

This Ballard triplex is a standout investment that blends turnkey performance with exceptional upside. The property features three beautifully remodeled 2bed, 1bath units with modern finishes, smart layouts, and strong tenant appeal in one of Seattle's most vibrant neighborhoods, delivering immediate, reliable income with little to no additional work required. What truly sets this property apart is the fully remodeled fourth unit, a 3bed, 1bath that needs permits to be legalized. Once completed, this unit can generate an estimated additional 28,800 dollars per year, creating a rare and tangible value-add opportunity with much of the heavy lifting already done. This property delivers strong income today with clear, immediate upside.

2470080 MLS ⋅ ACTIVE Status

This Ballard triplex is a standout investment that blends turnkey performance with exceptional upside. The property features three beautifully remodeled 2bed, 1bath units with modern finishes, smart layouts, and strong tenant appeal in one of Seattle's most vibrant neighborhoods, delivering immediate, reliable income with little to no additional work required. What truly sets this property apart is the fully remodeled fourth unit, a 3bed, 1bath that needs permits to be legalized. Once completed, this unit can generate an estimated additional 28,800 dollars per year, creating a rare and tangible value-add opportunity with much of the heavy lifting already done. This property delivers strong income today with clear, immediate upside.

6301 22nd Avenue NW, Seattle

Listing Broker: Windermere Real Estate Co.; Jay Glenn Harrison; 206-550-3168; jamin@windermere.com

$1,377,500

Exceptional Investment Opportunity in South Seattle! Three neighboring homes on two separate parcels—available together for one owner. This rare setup offers flexibility to rent, sell, condominium-ize, or occupy individually. Each home has its own water and electrical meter and services. One home was newly—built in 2024, offering modern finishes and turnkey appeal. Other wo houses were remodeled in 2018. All furnishing are included so the new owner can continue with the on-going short/mid term rentals into the busy summer season. New owner can also live in one house and have the income from the other houses to cover a big part of the mortgages. If condominium is recorded at the County, new owner can immediately sell three houses separatel

2433334 MLS ⋅ ACTIVE Status

Exceptional Investment Opportunity in South Seattle! Three neighboring homes on two separate parcels—available together for one owner. This rare setup offers flexibility to rent, sell, condominium-ize, or occupy individually. Each home has its own water and electrical meter and services. One home was newly—built in 2024, offering modern finishes and turnkey appeal. Other wo houses were remodeled in 2018. All furnishing are included so the new owner can continue with the on-going short/mid term rentals into the busy summer season. New owner can also live in one house and have the income from the other houses to cover a big part of the mortgages. If condominium is recorded at the County, new owner can immediately sell three houses separatel

10653 10655 22nd Place S, Seattle

Listing Broker: 5 Corners Realty LLC; Wei Yang; ; weiy71@gmail.com

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