14001 35th Avenue NE, Seattle, WA 98125
- $1,100,000
- 5,220
- SqFt
Listing courtesy of Pacific Crest.
- List Price
- $1,100,000
- Status
- ACTIVE
- MLS#
- 2570689
- Days on Market
- 0
- Style
- 53 - Tri-plex
- Building Condition
- Average
- Finished SqFt
- 5,220
- Area Total SqFt
- 5220
- Annual Tax Ammount
- 11086
- Lot Size (sq ft)
- 9,066
- Sewer
- Sewer Connected
Property Description
Well-maintained three-unit triplex in Lake City, one of Seattle's most culturally diverse and affordable neighborhoods. With a Walk Score of 81, tenants enjoy immediate access to a vibrant international food scene, neighborhood retail, convenient transit, and outdoor recreation at Matthews Beach Park and Jackson Park Golf Course—all with genuine community character and pricing that avoids the premium associated with western Seattle enclaves. Composite annual rent potential reaches $93,420 post-growth, plus storage ancillary income. Multiple value-add opportunities—in-unit laundry capex, conversion optionality, and storage monetization—provide seasoned investors with flexible exit strategies. An ideal entry point for first-time multifamily buyers seeking Seattle exposure or portfolio investors looking to add proven assets in an undervalued, high-demand neighborhood.
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Additional Information
- List Date
- 2026-08-19 18:08:14
- Community
- Wallingford
- Net Operating Income
- $66,498
- Gross Adjusted Income
- $88,692
- Gross Scheduled Income
- $88,692
- Total Monthly Income
- $7,391
- Insurance Expenses
- $2,950
- Water/Sewer/Garbage Expenses
- $6,091
- Gross Rent Multiplier
- 17.46
- Total Expenses
- $21,980
- Cap Rate
- 3.73
- Total Number of Units
- 3
- Unit Name
- 14001
- Potential Terms
- Cash, Conventional
- Year Built
- 1978
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, Patio
- Electric Expenses
- 653
- Other Expenses
- 1200
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Olympic Hills
- Middle School
- Jane Addams
- High School
- Nathan Hale High
- Total Monthly Income
- $7,391
- Gross Scheduled Income
- $88,692
- Gross Adjusted Income
- $88,692
- Tax Year
- 2025
- Insurance Expense
- $2,950
- W/S/G Expenses
- $6,091
- Total Expenses
- $21,980
- Net Operating Income
- $66,498
- Gross Rent Multiplier
- 17.46
- Cap Rate
- 3.73
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.