154 18th Avenue, Seattle, WA 98122 (MLS # 2578982)

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Listing provided courtesy of Northwest MLS; Windermere RE/Capitol Hill,Inc

PRICE $1,799,950
BEDS 0
BATHS 0
HOME SIZE 3,470 sqft
LOT SIZE 4,400 sqft
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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.

LAST UPDATED 9/9/2026 TRACT Central Area
YEAR BUILT 1998 COMMUNITY Central Area
COUNTY King STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Bailey Gatzert
Jr. High School Wash Mid
High School Garfield High


ADDITIONAL DETAILS
AIR None
AREA 390 - Central Seattle
CONSTRUCTION Cement Siding
HEAT Electric, Natural Gas, See Remarks, Wall Furnace
LOT 4400 sq ft
LOT DESCRIPTION Curbs, Paved, Sidewalk
MLS STATUS Active
STORIES 2
STYLE 53 - Tri-plex
SUBDIVISION Central Area
TAXES 13303
UTILITIES Sewer Connected
WATER Public

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 9/9/26 6:56 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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