Triplex with Six-Car
1145 N 93rd St, Seattle, WA 98103
For Sale
$972,500
LR3-zoned triplex with fireplaces, in-unit laundry, decks, and tandem off-street parking.
Property Size2,940 SF
Price / SF$330.78
Days on Market50
Property Features for 1145 N 93rd St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
fireplaces
washers and dryers
decks
Building Details
Year Built
Buildings
Listing Agency:
WILCOX REAL ESTATE
Listed By:
Charles and Janette Wilcox · License #NWM94690
(253) 256-1721
Source:
Wilcoxrealestatewa
Added: Sep 20
Changed: Nov 7
Last Checked: Nov 8 at 6:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WILCOX REAL ESTATE
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Investment Insights
Based on property information with market context.
Built in 1968, this Seattle triplex contains three 980-square-foot units, each with two bedrooms, roomy living areas, a fireplace, and a washer and dryer. The lower two units share an adjoining stairwell, while the upper residences include private decks. One lower unit has updated paint, carpet, and bathroom finishes.
The property is zoned LR3 and provides tandem off-street parking for 6 cars from the alley. Located at 1145 N 93rd St in Seattle’s Licton Springs area, the triplex is minutes from light rail, Green Lake, bus lines, and restaurants.
The property is zoned LR3 and provides tandem off-street parking for 6 cars from the alley. Located at 1145 N 93rd St in Seattle’s Licton Springs area, the triplex is minutes from light rail, Green Lake, bus lines, and restaurants.
Key Highlights
- Three 980‑square‑foot units, each with 2 bedrooms
- LR3 zoning
- Tandem off‑street parking for 6 cars accessed from the alley
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,510
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,050,200
$1.1M
Cap Rate 7%
$750,143
$750.1K
Cap Rate 9%
$583,444
$583.4K
Market Conditions
NOI Build-Up for 2,940 SF
Gross rent
$79.4K $27.00/SF
− Vacancy
−$4.4K −$1.49/SF
EGI
$75.0K $25.51/SF
− OpEx
−$22.5K −$7.65/SF
NOI
$52.5K $17.86/SF
Area
ZIP 98103
Vacancy
5.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,050,200
Cap Rate 7%
$750,143
Cap Rate 9%
$583,444
Alternative Uses
Best Use
Multifamily LT 5
$750.1K
$656.4K – $875.2K
NOI $52,510 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$670.1K
$586.3K – $781.8K
NOI $46,907 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,190 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,186
Businesses Nearby
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Business Placement
Demographics for 98103, WA
53,056
Population
27,857
Households
1.9
Avg Household Size
35
Median Age
77%
College-Educated
98%
High-School Grad
4.6 sq mi
ZIP Area
11,534
Density / Sq Mi
$127,372
Median Household Income
$80,508
Median Earnings
$2,006
Median Rent
$1,012,900
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Seattle, WA
Properties on Market for Triplexes in Seattle
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - LR3-zoned triplex with fireplaces, in-unit laundry, decks, and tandem off-street parking.
Where is this triplex located?
The property is located at 1145 N 93rd St Seattle, WA.
What is the asking price?
The asking price for this property is $972,500.
What are key features of this property?
This property features: Three 980‑square‑foot units, each with 2 bedrooms; LR3 zoning; Tandem off‑street parking for 6 cars accessed from the alley
