3-Unit Triplex with Patio
3831 17th Ave SW, Seattle, WA 98106
For Sale
$769,000
Dishwashers, washers and dryers, plus patio and yard areas, serve the residential units.
Property Size1,900 SF
Price / SF$404.74
Days on Market52
Property Features for 3831 17th Ave SW
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
dishwashers
washer/dryer
patio & yard spaces
Building Details
Year Built
Listing Agency:
Windermere West Metro
Listed By:
Bill Reid
(206) 935-7200
Source:
Robb4realestate
Added: Sep 24
Changed: Nov 10
Last Checked: Oct 7 at 1:26PM
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 West Metro
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Investment Insights
Based on property information with market context.
This Seattle triplex contains three 2-bedroom, 1-bathroom units within a 1,920-square-foot property built in 1920. Unit features include dishwashers, washers and dryers, along with patio and yard areas. The property is occupied by long-term tenants.
Key Highlights
- Three 2‑bedroom, 1‑bathroom units
- 1,920 square feet; built in 1920
- Dishwashers, washers and dryers included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,294
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,880
$685.9K
Cap Rate 7%
$489,914
$489.9K
Cap Rate 9%
$381,044
$381.0K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$51.3K $27.00/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$49.0K $25.79/SF
− OpEx
−$14.7K −$7.74/SF
NOI
$34.3K $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%
$685,880
Cap Rate 7%
$489,914
Cap Rate 9%
$381,044
Alternative Uses
Best Use
Multifamily LT 5
$489.9K
$428.7K – $571.6K
NOI $34,294 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$458.1K
$400.9K – $534.5K
NOI $32,068 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$571.6K
$500.2K – $666.9K
NOI $40,013 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
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Business Placement
Demographics for 98106, WA
26,295
Population
12,107
Households
2.2
Avg Household Size
37
Median Age
45%
College-Educated
91%
High-School Grad
5.5 sq mi
ZIP Area
4,781
Density / Sq Mi
$115,529
Median Household Income
$60,223
Median Earnings
$1,824
Median Rent
$666,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Dishwashers, washers and dryers, plus patio and yard areas, serve the residential units.
Where is this triplex located?
The property is located at 3831 17th Ave SW Seattle, WA.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bathroom units; 1,920 square feet; built in 1920; Dishwashers, washers and dryers included
