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 is a hidden gem that offers an appealing lifestyle for residents of all ages. Surrounded by lush parks, stunning waterfront views, and a thriving community spirit, this area is perfect for those seeking a dynamic yet tranquil environment.

One of the standout features of Interbay is its diverse housing options, particularly the charming tri-plex style homes that offer an ideal living arrangement for families, young professionals, and investors alike. These tri-plexes provide a wonderful opportunity for multi-generational living or rental income, with each unit designed to maximize space and comfort. The architecture often reflects the rich history of Seattle, blending modern amenities with classic designs that create an inviting atmosphere.

Residents of Interbay enjoy easy access to a variety of local amenities, including trendy cafes, artisanal shops, and recreational facilities. The nearby Interbay Golf Course and the scenic Elliott Bay waterfront offer ample opportunities for outdoor activities, while the bustling Ballard and Queen Anne neighborhoods are just a short drive away, providing even more dining and entertainment options.

With its prime location, friendly community, and appealing tri-plex homes, Interbay is a neighborhood that truly embodies the best of Seattle living. Whether you’re looking to settle down or invest in a promising property, Interbay is a place where you can feel at home. Come explore the charm and convenience that await you in this wonderful neighborhood!

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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