Interbay Homes with 53 - Tri-plex Style

Welcome to Interbay, a vibrant neighborhood nestled in the heart of Seattle, Washington. This charming area is perfectly situated between the bustling Ballard and Queen Anne neighborhoods, offering the best of both worlds – a serene residential atmosphere with easy access to urban conveniences. Interbay is known for its diverse community, rich history, and stunning views of the iconic Seattle skyline and the majestic Olympic Mountains.

In Interbay, you'll find a unique blend of homes that cater to a variety of lifestyles, including the increasingly popular tri-plex style residences. These thoughtfully designed homes often feature three separate living units, making them an attractive option for families, investors, or those looking to enjoy the benefits of multi-generational living. With spacious layouts, modern amenities, and the potential for rental income, tri-plex homes in Interbay are a fantastic investment opportunity.

Residents of Interbay enjoy an array of local attractions, including parks, cafes, and shops. The nearby Interbay Golf Center offers a great way to unwind, while the scenic waterfront and nearby attractions like Discovery Park provide ample opportunities for outdoor activities. Commuting is a breeze, thanks to convenient access to public transportation and major highways.

Living in Interbay means embracing a vibrant lifestyle with a strong sense of community. Whether you’re savoring a cup of coffee at a local café or exploring the nearby waterfront, this neighborhood has something for everyone. Discover the charm and convenience of Interbay, where your dream home awaits!

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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