Triplex with Redevelopment
For Sale
$1,150,000
118 27th Avenue S, Seattle, WA 98144
Existing triplex on a corner lot with separate meters, supporting interim income while an 8-unit townhouse project advances with the city.
Property SizeContact for details
Lot Size0.11 Acres
Days on Market34
Property Features for 118 27th Avenue S
General Information
Standard status
Active
Lot size
0.11 Acres
Property subtype
Unimproved Land
Zoning
LR2 (M)
Additional Details
Multifamily Units
3
Amenities
Electricity Connected, Natural Gas Available
Listing Agency:
Keller Williams Realty Bothell
(425) 395-9292
Listed By:
Erica Alexei · License #21022008
(425) 395-9292
Source:
Kw
Added: Jul 21
Changed: Aug 23
Last Checked: Aug 22 at 11:44AM
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 Keller Williams Realty Bothell
Investment Insights
Based on property information with market context.
This property includes an existing triplex and an advanced redevelopment package for an 8-unit townhouse project. The site is a corner lot and is zoned LR2 (M). The project is reported to be in the City of Seattle’s final correction stage, with much of the design and permitting work already completed. Architectural and third-party consultant fees have been paid, and the purchase price includes the price of the permits.
The existing triplex provides interim income potential with one 2BD/1BA unit and two 1BD/1BA units, along with a shared laundry area. Separate meters and driveways on both sides of the lot add operational flexibility.
For the full project description, request the marketing file.
The existing triplex provides interim income potential with one 2BD/1BA unit and two 1BD/1BA units, along with a shared laundry area. Separate meters and driveways on both sides of the lot add operational flexibility.
For the full project description, request the marketing file.
Key Highlights
- 4,900 SF corner lot in Seattle’s Central District, zoned LR2 (M)
- 8‑unit townhouse project is in the final correction stage with the City of Seattle
- Much of the design and permitting work is already completed
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,969
Businesses Nearby
Explore this area
Business Placement
Demographics for 98144, WA
32,178
Population
16,381
Households
2
Avg Household Size
38
Median Age
62%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
9,464
Density / Sq Mi
$94,051
Median Household Income
$65,078
Median Earnings
$1,805
Median Rent
$890,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Existing triplex on a corner lot with separate meters, supporting interim income while an 8-unit townhouse project advances with the city.
Where is this triplex located?
The property is located at 118 27th Avenue S Seattle, WA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 4,900 SF corner lot in Seattle’s Central District, zoned LR2 (M); 8‑unit townhouse project is in the final correction stage with the City of Seattle; Much of the design and permitting work is already completed
