Queen Anne/Magnolia Homes with 53 - Tri-plex Style

Queen Anne/Magnolia Homes with 53 - Tri-plex Style

Welcome to the enchanting neighborhoods of Queen Anne and Magnolia, two of Seattle's most sought-after locales that offer a perfect blend of urban convenience and natural beauty. Nestled on the northern edge of downtown Seattle, these areas boast stunning views of the Puget Sound and the iconic skyline, making them a picturesque backdrop for your next home.

Queen Anne is renowned for its charming historic architecture, vibrant community, and lush green spaces. Stroll through its tree-lined streets and discover an array of local boutiques, cafes, and eateries that add a unique flavor to the neighborhood. Meanwhile, Magnolia, with its serene parks and waterfront access, provides a tranquil escape from the hustle and bustle of city life, perfect for families and outdoor enthusiasts alike.

For those seeking a unique investment opportunity, the tri-plex style homes in this region present a fantastic option. These multi-family residences not only offer the potential for rental income but also foster a sense of community, as residents can enjoy close proximity while maintaining their privacy. With spacious layouts, modern amenities, and often featuring beautiful outdoor spaces, tri-plex homes in Queen Anne and Magnolia are ideal for both investors and families looking for a harmonious living environment.

Whether you're drawn to the vibrant culture of Queen Anne or the peaceful charm of Magnolia, you'll find that these neighborhoods offer a lifestyle rich in both comfort and convenience. Explore the possibilities of tri-plex living in this stunning corner of Seattle, where every day feels like a getaway!

Newest Queen Anne/Magnolia 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.

$1,350,000
2532884 MLS ⋅ ACTIVE Status
Rare Investment Opportunity on Queen Anne’s Desirable South Slope! Discover this architect-designed, multi-level triplex offering the perfect blend of historic charm, modern living & unbeatable location. Just steps from Seattle Center, restaurants, grocery stores, lush parks & many transit options, this property is a premium find for investors or owner-occupants. Unlike typical multi-family properties, this unique building avoids the "apartment feel." The main level [A] feels like a true standalone home, radiating the warmth of a 1900’s Craftsman with exquisite vintage details & a cozy, inviting atmosphere. Meanwhile, the townhome [109] added in 1986 features sleek, modern design spread across a dynamic two-level layout, where an oversized skylight floods the space with natural light, ensuring it feels bright & open. Above it all, the top level [B] has a charming, airy garret feel. Top-tier features include exceptional outdoor living, as every single unit enjoys its own private brick paved deck and a patio & fenced yard for the townhome unit. Rare urban parking for all units, including a common garage that provides parking for two units plus off-street parking for the third unit. Combined with the reliability of a highly desirable location & a track record of dependable, long-term tenants, this property is a standout. Whether you want to live in one unit and let the others pay your mortgage or add a high-performing asset to your portfolio, this Queen Anne find is a must-see!

111 W Kinnear Place, Seattle

Listing courtesy of Coldwell Banker Bain.

$1,650,000
2514329 MLS ⋅ ACTIVE Status
Perched on the coveted west slope of Queen Anne, this view triplex delivers space, flexibility, and long-term upside. Each residence feels like its own private home, complete with individual entries and generous floorplans. The lower unit offers 2 bedrooms and 1 bath across 1,200 sq ft, while the middle and upper units expand to 1,300 sq ft with 2 bedrooms, 1.75 baths, and stunning wrap-around decks capturing territorial and sunset views. Four garage parking spots, quiet residential setting, and a 6,000 sq ft L1-zoned lot create multiple pathways—hold as a strong rental, live in one unit while generating income, or explore development potential. Minutes to Queen Anne shops, Interbay conveniences, and commuter routes. A versatile investment in one of Seattle’s most desirable neighborhoods.

1318 W Barrett Street, Seattle

Listing courtesy of Horizon Real Estate.

$1,595,000
2480068 MLS ⋅ ACTIVE Status
A standout opportunity in a prime Queen Anne location, this updated triplex delivers turnkey living. Major system upgrades include a new 50-year roof, full electrical rewiring with new service strike, all new water heaters, and 2021 exterior paint and siding repairs. Units are updated with the owner’s unit including a full 2021 remodel with stainless steel appliances and mini-splits. All units offer full-size in-unit laundry and dedicated parking, with one unit including an additional tandem space. Unbeatable location just minutes from the Gates Foundation, Amazon, Google, Seattle Center, with a bus stop on the block. Conveniently positioned for in-city living and access to exceptional regional amenities. This is a rare opportunity in a prime Queen Anne location, come see it for yourself!

1522 Taylor Avenue N, Seattle

Listing courtesy of Lee & Associates Commercial RE.

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