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 natural beauty, Interbay offers residents an inviting atmosphere that is both lively and serene. This area boasts stunning views of the iconic Seattle skyline, the majestic Olympic Mountains, and the shimmering waters of Elliott Bay, making it a picturesque place to call home.

Interbay is characterized by its diverse community and rich cultural tapestry, where local parks, shops, and eateries create a warm, welcoming environment. Residents enjoy easy access to outdoor activities, with popular spots like Discovery Park and the Interbay Golf Center just a stone's throw away. The neighborhood is also conveniently located near major transportation routes, making commuting to downtown Seattle or other nearby areas a breeze.

One of the standout features of Interbay is its selection of tri-plex style homes. These charming residences offer a unique opportunity for homeowners and investors alike. With their spacious layouts and modern amenities, tri-plex homes provide ample living space while promoting a sense of community. Whether you're looking to live in one unit and rent out the others or seeking a multi-generational living arrangement, these properties cater to various lifestyles.

In Interbay, you'll find a perfect blend of urban living and suburban charm, making it an ideal place for families, young professionals, and retirees. Discover your dream home in this thriving neighborhood today, and experience all that Interbay has to offer!

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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