Duplex with Lower-Level
For Sale
$1,688,000
2613 3rd Avenue W, Seattle, WA 98119
The three-level layout includes en suite bathrooms, upgraded soundproofing, and plumbing for portable air conditioning.
Property Size3,150 SF
Price / SF$535.87
Days on Market9
Property Features for 2613 3rd Avenue W
General Information
Standard status
Active
Size
3,150 SF
Property subtype
Residential Income
Zoning
Multi-Family
Site & Location
Neighborhood
Interbay
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$21,736
Amenities
Cement Planked
Wood
Building Details
Building Size
3,150 SF
Year Built
2024
Buildings
1
Stories
3
Units
2
Tenancy
Multi
Listing Agency:
COMPASS
(206) 330-0314
Listed By:
Melissa Klinnert
(206) 310-7904
Source:
Frosthometeam
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 26 at 3:56AM
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 COMPASS
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Investment Insights
Based on property information with market context.
This three-level duplex in Seattle’s Queen Anne area contains 2,438 square feet, with eight bedrooms and eight bathrooms. The property includes a full kitchen and dining area, upgraded interior soundproofing, plumbing for portable air conditioning, and two washers and dryers. En suite bathrooms serve the bedrooms. A lower-level ADU apartment has two bedrooms, two bathrooms, a full kitchen, and its own laundry setup.
Long-term leases are in place, with options for renewal and rent increases. The property is zoned Multi-Family.
Long-term leases are in place, with options for renewal and rent increases. The property is zoned Multi-Family.
Key Highlights
- 2,438 sq ft across 3 levels
- 8 bedrooms and 8 baths
- Lower‑level ADU apartment with 2 beds, 2 baths, full kitchen, and laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,856
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,137,120
$1.1M
Cap Rate 7%
$812,229
$812.2K
Cap Rate 9%
$631,733
$631.7K
Market Conditions
NOI Build-Up for 3,150 SF
Gross rent
$85.1K $27.00/SF
− Vacancy
−$3.8K −$1.22/SF
EGI
$81.2K $25.79/SF
− OpEx
−$24.4K −$7.74/SF
NOI
$56.9K $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%
$1,137,120
Cap Rate 7%
$812,229
Cap Rate 9%
$631,733
Alternative Uses
Best Use
Multifamily LT 5
$812.2K
$710.7K – $947.6K
NOI $56,856 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$759.5K
$664.6K – $886.1K
NOI $53,165 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$947.7K
$829.2K – $1.11M
NOI $66,338 @ 7.0% cap · market cap 3.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,804
Businesses Nearby
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Business Placement
Demographics for 98119, WA
26,238
Population
15,323
Households
1.7
Avg Household Size
35
Median Age
71%
College-Educated
99%
High-School Grad
2.4 sq mi
ZIP Area
10,933
Density / Sq Mi
$125,021
Median Household Income
$74,038
Median Earnings
$1,963
Median Rent
$1,032,500
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?
Duplex - The three-level layout includes en suite bathrooms, upgraded soundproofing, and plumbing for portable air conditioning.
Where is this duplex located?
The property is located at 2613 3rd Avenue W Seattle, WA.
What is the asking price?
The asking price for this property is $1,688,000.
What are key features of this property?
This property features: 2,438 sq ft across 3 levels; 8 bedrooms and 8 baths; Lower‑level ADU apartment with 2 beds, 2 baths, full kitchen, and laundry
