Interbay Homes with 53 - Tri-plex Style

Welcome to Interbay, a vibrant neighborhood nestled in the heart of Seattle, Washington. Known for its eclectic blend of urban convenience and natural beauty, Interbay is a hidden gem that offers a unique lifestyle for residents. This dynamic area is perfectly positioned between the bustling neighborhoods of Ballard and Queen Anne, providing easy access to a variety of dining, shopping, and entertainment options.

One of the standout features of Interbay is its stunning views of the Seattle skyline and the iconic Space Needle, framed beautifully by the surrounding mountains and waterways. Residents can enjoy a plethora of outdoor activities, from leisurely strolls along the waterfront to exploring the lush parks and green spaces that dot the area. The neighborhood is also home to a thriving community of coffee shops, local boutiques, and artisanal eateries, making it a perfect spot for those who appreciate a vibrant local culture.

For those seeking unique housing options, Interbay offers charming tri-plex style homes that provide both character and versatility. These homes are ideal for families, investors, or anyone looking to embrace a communal living experience. With their spacious layouts and modern amenities, tri-plex residences in Interbay offer the perfect balance of comfort and convenience. Each unit typically features private outdoor spaces, ample parking, and easy access to public transportation, ensuring that residents can enjoy everything this fantastic neighborhood has to offer.

Whether you’re drawn to the stunning views, the lively community atmosphere, or the unique housing options, Interbay is a neighborhood that truly has it all. Come discover your new home in this enchanting corner of Seattle!

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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