154 18th Avenue, Seattle, WA 98122
- $1,799,950
- 3,470
- SqFt
Listing courtesy of Windermere RE/Capitol Hill,Inc.
- List Price
- $1,799,950
- Status
- ACTIVE
- MLS#
- 2578982
- Days on Market
- 0
- Style
- 53 - Tri-plex
- Finished SqFt
- 3,470
- Area Total SqFt
- 3470
- Annual Tax Ammount
- 13303
- Lot Size (sq ft)
- 4,400
- Sewer
- Sewer Connected
Property Description
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.
Additional Information
- List Date
- 2026-09-09 21:51:13
- Community
- Central Area
- Net Operating Income
- $102,679
- Gross Adjusted Income
- $129,553
- Gross Scheduled Income
- $133,560
- Total Monthly Income
- $11,130
- Insurance Expenses
- $3,571
- Water/Sewer/Garbage Expenses
- $7,000
- Gross Rent Multiplier
- 13.48
- Total Expenses
- $26,874
- Cap Rate
- 5.7
- Vacancy Rate
- 3
- Total Number of Units
- 3
- Unit Name
- 154
- Potential Terms
- Cash, Conventional
- Year Built
- 1998
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, Gas Available, High Speed Internet, Patio
- Other Expenses
- 3000
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Elementary School
- Bailey Gatzert
- Middle School
- Wash Mid
- High School
- Garfield High
- Total Monthly Income
- $11,130
- Gross Scheduled Income
- $133,560
- Vacancy Rate
- 3
- Gross Adjusted Income
- $129,553
- Tax Year
- 2026
- Insurance Expense
- $3,571
- W/S/G Expenses
- $7,000
- Total Expenses
- $26,874
- Net Operating Income
- $102,679
- Gross Rent Multiplier
- 13.48
- Cap Rate
- 5.7
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.