Interbay Homes with 53 - Tri-plex Style

Welcome to Interbay, one of Seattle's hidden gems that beautifully blends urban convenience with a touch of suburban charm. Nestled between the bustling neighborhoods of Ballard and Queen Anne, Interbay is a vibrant community that offers an exceptional quality of life. Known for its stunning views of Elliott Bay and the Olympic Mountains, this area is perfect for those who appreciate both natural beauty and city living.

Interbay is characterized by its diverse housing options, including the increasingly popular tri-plex style homes. These unique residences not only provide ample living space but also offer an excellent opportunity for multi-generational living or investment potential. With three distinct units, tri-plex homes are designed to maximize comfort and functionality, making them ideal for families or those seeking rental income.

The neighborhood is well-connected, with easy access to public transportation and major highways, ensuring that commuting to downtown Seattle or nearby attractions is a breeze. Interbay boasts a plethora of parks and recreational facilities, including the scenic Interbay Golf Center and the expansive Discovery Park, which offers miles of trails and breathtaking waterfront views.

In addition to its natural beauty, Interbay is home to a thriving local scene, featuring quaint cafes, artisan shops, and a variety of dining options that cater to every palate. Whether you’re a first-time homebuyer or an experienced investor, Interbay’s tri-plex homes present an exciting opportunity to be part of a community that celebrates the best of Seattle living. Come discover the charm of Interbay—where your dream home awaits!

Newest Interbay Homes with 53 - Tri-plex Style

$1,150,000

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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