1414 E Spring Street, Seattle, WA 98122
- $1,350,000
- 1,790
- SqFt
Listing Broker: Windermere Real Estate Midtown; Jordan Rabinowe; 206-579-9764; Jordan@WilcynskiPartners.com
- List Price
- $1,350,000
- Status
- ACTIVE
- MLS#
- 2596217
- Style
- 53 - Tri-plex
- Finished SqFt
- 1,790
- Area Total SqFt
- 1790
- Annual Tax Ammount
- 11093
- Lot Size (sq ft)
- 3,600
- Sewer
- Sewer Connected
Property Description
An incredible opportunity to own a three-unit property in one of Seattle’s most connected locations. Just blocks from Seattle University and minutes from Capitol Hill, First Hill, Downtown and the Pike/Pine corridor, this triplex puts some of the city’s best dining, shopping, nightlife, employment centers and transit within easy reach. Three distinct residences offer multiple income opportunities: a two-bedroom, one-bathroom main unit, a one-bedroom, one-bath upper unit, and an upper studio unit with one-bathroom. Each residence includes an in-unit washer-dryer. The two-bedroom unit is currently vacant, providing an immediate opportunity for an owner-occupied space while continuing to rent the other units. Whether adding to an investment portfolio or entering the multifamily market, this is a rare opportunity to own three units in the heart of the city.
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Additional Information
- Community
- Capitol Hill
- Net Operating Income
- $61,995
- Gross Adjusted Income
- $71,244
- Gross Scheduled Income
- $71,244
- Total Monthly Income
- $5,937
- Insurance Expenses
- $1,925
- Water/Sewer/Garbage Expenses
- $5,227
- Gross Rent Multiplier
- 18.95
- Total Expenses
- $20,342
- Cap Rate
- 4.6
- Vacancy Rate
- 33
- Total Number of Units
- 3
- Unit Name
- 1414
- Potential Terms
- Cash, Conventional
- Year Built
- 1901
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially, Gas Available
- Electric Expenses
- 1247
- Other Expenses
- 850
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Elementary School
- Madrona Elementary
- Middle School
- Meany Mid
- High School
- Garfield High
- Total Monthly Income
- $5,937
- Gross Scheduled Income
- $71,244
- Vacancy Rate
- 33
- Gross Adjusted Income
- $71,244
- Tax Year
- 2026
- Insurance Expense
- $1,925
- W/S/G Expenses
- $5,227
- Total Expenses
- $20,342
- Net Operating Income
- $61,995
- Gross Rent Multiplier
- 18.95
- Cap Rate
- 4.6
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.