Brick Triplex with Two-Car
4815 S Holly St, Seattle, WA 98118
For Sale
$1,300,000
Three two-bedroom residences offer multifamily functionality with parking, storage, and yard space.
Property Size2,635 SF
Lot Size0.22 Acres
Price / SF$493.36
Days on Market71
Property Features for 4815 S Holly St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
storage
spacious yard
Building Details
Year Built
Buildings
Construction
Listing Agency:
Windermere Real Estate Co.
Listed By:
Casey J. Holme
(206) 522-9600
Source:
Basedinbham
Added: Aug 30
Changed: Oct 25
Last Checked: Oct 6 at 12:28AM
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 Real Estate Co.
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Investment Insights
Based on property information with market context.
Built in 1952, this brick multifamily property contains three 2-bedroom units within approximately 3,200 SF. Two residences are positioned on the main level, while the third occupies the lower level. The property also includes a two-car garage, off-street parking, storage areas, and a spacious yard.
The 9,589 SF parcel is zoned LR3(M) and sits in Seattle’s Brighton neighborhood. Parks, neighborhood amenities, transit, and Link light rail are nearby, with access to Rainier Ave S, downtown Seattle, and surrounding areas. The existing triplex configuration provides an established multifamily use, while the site’s zoning and land area support longer-term planning considerations subject to verification.
The 9,589 SF parcel is zoned LR3(M) and sits in Seattle’s Brighton neighborhood. Parks, neighborhood amenities, transit, and Link light rail are nearby, with access to Rainier Ave S, downtown Seattle, and surrounding areas. The existing triplex configuration provides an established multifamily use, while the site’s zoning and land area support longer-term planning considerations subject to verification.
Key Highlights
- Three 2‑bedroom units in a triplex configuration
- 9,589 SF lot zoned LR3(M)
- Approximately 3,200 SF property built in 1952
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,925
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$878,500
$878.5K
Cap Rate 7%
$627,500
$627.5K
Cap Rate 9%
$488,056
$488.1K
Market Conditions
NOI Build-Up for 2,635 SF
Gross rent
$66.4K $25.20/SF
− Vacancy
−$3.7K −$1.39/SF
EGI
$62.7K $23.81/SF
− OpEx
−$18.8K −$7.14/SF
NOI
$43.9K $16.67/SF
Area
ZIP 98118
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$878,500
Cap Rate 7%
$627,500
Cap Rate 9%
$488,056
Alternative Uses
Best Use
Multifamily LT 5
$627.5K
$549.1K – $732.1K
NOI $43,925 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$565.3K
$494.6K – $659.5K
NOI $39,568 @ 7.0% cap · market cap 3.04%
Theoretical Best
Specialty Retail
$948.1K
$829.6K – $1.11M
NOI $66,366 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
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Business Placement
Demographics for 98118, WA
47,504
Population
19,831
Households
2.4
Avg Household Size
38
Median Age
49%
College-Educated
90%
High-School Grad
6.2 sq mi
ZIP Area
7,662
Density / Sq Mi
$109,085
Median Household Income
$54,827
Median Earnings
$1,831
Median Rent
$746,400
Median Home Value
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Market
Average Price Trend$/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 - Three two-bedroom residences offer multifamily functionality with parking, storage, and yard space.
Where is this triplex located?
The property is located at 4815 S Holly St Seattle, WA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Three 2‑bedroom units in a triplex configuration; 9,589 SF lot zoned LR3(M); Approximately 3,200 SF property built in 1952
