Townhouse-Style
154 18th Avenue, Seattle, WA 98122
For Sale
$1,799,950
Three two-story residences feature private outdoor areas, in-unit laundry, and off-street parking.
Property Size3,470 SF
Price / SF$518.72
Days on Market61
Property Features for 154 18th Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
private outdoor spaces
off-street parking
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Windermere RE/Capitol Hill,Inc
Listed By:
Mark T. Hanses
(206) 324-8900
Source:
Ballpark-realty
Added: Sep 9
Changed: Nov 8
Last Checked: Nov 8 at 8:49AM
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 Windermere RE/Capitol Hill,Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1998, this 3,470-square-foot triplex contains three two-story, townhouse-style residences. Two units have 3 bedrooms and 2.5 baths apiece; the third has 2 bedrooms and 2 baths. Each residence includes in-unit laundry and private outdoor space, with off-street parking on the property. Construction features include fiber-cement siding, updated plumbing and electrical systems, windows, and insulation.
The property is just south of Capitol Hill, with access to downtown, transit, and neighborhood amenities. Its reported cap rate is 5.7%. A unit-lot subdivision or condominium conversion may be possible, subject to buyer verification.
The property is just south of Capitol Hill, with access to downtown, transit, and neighborhood amenities. Its reported cap rate is 5.7%. A unit-lot subdivision or condominium conversion may be possible, subject to buyer verification.
Key Highlights
- Three‑unit property totals 3,470 square feet; built in 1998
- Two units have 3 bedrooms and 2.5 baths; the third has 2 bedrooms and 2 baths
- Two‑story residences include in‑unit laundry and private outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,632
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,252,640
$1.3M
Cap Rate 7%
$894,743
$894.7K
Cap Rate 9%
$695,911
$695.9K
Market Conditions
NOI Build-Up for 3,470 SF
Gross rent
$93.7K $27.00/SF
− Vacancy
−$4.2K −$1.22/SF
EGI
$89.5K $25.79/SF
− OpEx
−$26.8K −$7.74/SF
NOI
$62.6K $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%
$1,252,640
Cap Rate 7%
$894,743
Cap Rate 9%
$695,911
Alternative Uses
Best Use
Multifamily LT 5
$894.7K
$782.9K – $1.04M
NOI $62,632 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$836.7K
$732.1K – $976.1K
NOI $58,566 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$1.04M
$913.5K – $1.22M
NOI $73,077 @ 7.0% cap · market cap 4.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,028
Businesses Nearby
Explore this area
Business Placement
Demographics for 98122, WA
41,646
Population
24,942
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
98%
High-School Grad
2.3 sq mi
ZIP Area
18,107
Density / Sq Mi
$106,479
Median Household Income
$69,673
Median Earnings
$1,991
Median Rent
$929,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Three two-story residences feature private outdoor areas, in-unit laundry, and off-street parking.
Where is this triplex located?
The property is located at 154 18th Avenue Seattle, WA.
What is the asking price?
The asking price for this property is $1,799,950.
What are key features of this property?
This property features: Three‑unit property totals 3,470 square feet; built in 1998; Two units have 3 bedrooms and 2.5 baths; the third has 2 bedrooms and 2 baths; Two‑story residences include in‑unit laundry and private outdoor space
