Updated Triplex with
For Sale
$1,575,000
1522 Taylor Ave N, Seattle, WA 98109
Updated units include in-unit laundry, dedicated parking, and mini-split systems in the owner's residence.
Property Size2,920 SF
Days on Market50
Property Features for 1522 Taylor Ave N
General Information
Standard status
Active
Size
2,920 SF
Property subtype
Multifamily
Additional Details
Public Transit
Yes
Multifamily Units
3
Amenities
in-unit laundry
dedicated parking
Building Details
Building Size
2,920 SF
Year Built
1900
Listed By:
Nisha A Tomar
(253) 722-9203
Source:
Lee-associates
Added: Sep 1
Changed: Oct 9
Last Checked: Oct 20 at 7:23PM
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 Nisha A Tomar
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Investment Insights
Based on property information with market context.
This 2,920-square-foot triplex, built in 1900, includes three residential units with full-size laundry inside each unit and dedicated parking. One unit also has a tandem parking space. The owner's unit received a full remodel in 2021, including stainless steel appliances and mini-split systems.
Recent property work includes a new 50-year roof, complete electrical rewiring with a new service strike, replacement water heaters, and 2021 exterior paint and siding repairs. The property is on Taylor in Seattle's Queen Anne area, near the Gates Foundation, Amazon, Google, and Seattle Center, with a bus stop on the block.
Recent property work includes a new 50-year roof, complete electrical rewiring with a new service strike, replacement water heaters, and 2021 exterior paint and siding repairs. The property is on Taylor in Seattle's Queen Anne area, near the Gates Foundation, Amazon, Google, and Seattle Center, with a bus stop on the block.
Key Highlights
- Three‑unit triplex totaling 2,920 square feet
- New 50‑year roof and complete electrical rewiring
- All units include full‑size in‑unit laundry and dedicated parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,705
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,100
$1.1M
Cap Rate 7%
$752,929
$752.9K
Cap Rate 9%
$585,611
$585.6K
Market Conditions
NOI Build-Up for 2,920 SF
Gross rent
$78.8K $27.00/SF
− Vacancy
−$3.5K −$1.22/SF
EGI
$75.3K $25.79/SF
− OpEx
−$22.6K −$7.74/SF
NOI
$52.7K $18.05/SF
Area
Seattle, WA
Vacancy
4.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,100
Cap Rate 7%
$752,929
Cap Rate 9%
$585,611
Alternative Uses
Best Use
Multifamily LT 5
$752.9K
$658.8K – $878.4K
NOI $52,705 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$704.0K
$616.0K – $821.4K
NOI $49,283 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$878.5K
$768.7K – $1.02M
NOI $61,494 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,015
Businesses Nearby
Explore this area
Business Placement
Demographics for 98109, WA
34,551
Population
23,162
Households
1.5
Avg Household Size
32
Median Age
78%
College-Educated
98%
High-School Grad
1.9 sq mi
ZIP Area
18,185
Density / Sq Mi
$130,845
Median Household Income
$104,202
Median Earnings
$2,329
Median Rent
$986,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Updated units include in-unit laundry, dedicated parking, and mini-split systems in the owner's residence.
Where is this triplex located?
The property is located at 1522 Taylor Ave N Seattle, WA.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Three‑unit triplex totaling 2,920 square feet; New 50‑year roof and complete electrical rewiring; All units include full‑size in‑unit laundry and dedicated parking
