154 18th Avenue, Seattle, WA 98122

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.

Listing Status:

Active

Data Last Updated:

September 23, 2026 at 7:19AM

Listing Office:

Windermere RE/Capitol Hill,Inc : 206-324-8900

Listing Agent:

Mark T. Hanses : 206-324-8900

MLS ID:

2578982

Interior

• Flooring: LaminateVinylCarpet
• A/C: None
• Heating: See RemarksWall Furnace
• Fireplace: Fireplaces: 0

Exterior

• General: Cement Planked
• Parking: Parking spaces: 3

Construction

• Roofing: Composition
• General: 53 - Tri-plexPoured Concrete

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Seattle
• County: King

Lot

• Zoning: 1934800136

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls