Active · Residential Income

154 18th Avenue , Seattle, WA 98122

Seattle, WA 98122

$1,799,950

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Windermere RE/Capitol Hill,Inc · MLS #2578982 · Active

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About this property

This purpose-built 1998 triplex offers the cash flow of a multifamily investment without many of the maintenance concerns commonly associated with older properties. Built with modern plumbing, electrical, windows, insulation and durable fiber-cement siding, all three townhouse-style residences also feature in-unit laundry, private outdoor spaces and off-street parking. Two units offer 3 bedrooms and 2.5 baths, while the third includes 2 bedrooms and 2 baths. The desirable two-story layouts provide a more home-like feel that attracts strong market rents and encourages long-term tenancy. With more than $100,000 in annual net income and a 5.7% cap rate, this is a compelling opportunity for investors seeking immediate returns and long-term upside. Also ideal for an owner-occupant looking to offset their mortgage with rental income. The townhouse-style configuration may offer future potential for a unit-lot short subdivision or condo conversion to allow the sale of individual units—buyer to verify. Conveniently located just south of Capitol Hill with easy access to downtown, transit and neighborhood amenities.

Property details

Property type: Multi Family
Year built: 1998
Lot size: 4,400 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $13,303 (2026)
Parking spaces: 3
School district: Seattle

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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