Interbay Homes with 53 - Tri-plex Style

Welcome to Interbay, a vibrant neighborhood nestled in the heart of Seattle, Washington. This hidden gem offers a unique blend of urban convenience and natural beauty, making it a sought-after destination for homebuyers and renters alike. Interbay is conveniently located between the bustling neighborhoods of Ballard and Queen Anne, providing easy access to some of the city's best dining, shopping, and recreational opportunities.

One of the most appealing aspects of Interbay is its diverse architectural landscape, particularly the charming tri-plex style homes that dot the area. These tri-plex properties not only offer a sense of community but also provide an excellent investment opportunity for those looking to enter the Seattle real estate market. With spacious layouts and modern amenities, these homes are perfect for families, young professionals, or those seeking a multi-generational living arrangement.

Residents of Interbay enjoy a plethora of outdoor activities, thanks to the nearby waterfront parks and the scenic views of Elliott Bay. The neighborhood is also home to the popular Interbay Golf Center, which provides a fantastic way to unwind and enjoy the beautiful Pacific Northwest weather. Furthermore, with its close proximity to public transportation, commuting to downtown Seattle or other nearby neighborhoods is a breeze.

Whether you're looking to invest in a tri-plex home or simply want to experience the charm of Interbay, this neighborhood is sure to captivate you. Discover the perfect blend of urban living and natural beauty in 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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