8803 23rd Avenue NE, Seattle, WA 98115

$1,250,000
3,570
SqFt

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Listing courtesy of Specialty Real Estate Group.

List Price
$1,250,000
Status
ACTIVE
MLS#
2485941
Days on Market
146
Style
53 - Tri-plex
Finished SqFt
3,570
Area Total SqFt
3570
Annual Tax Ammount
12300
Lot Size (sq ft)
6,158
Sewer
Available

Property Description

This well-maintained triplex sits on a prime corner lot and features three identical floor plans, each offering 1,190 sq ft of comfortable living space with 2 bedrooms, 1.5 bathrooms, and a private deck. Whether you’re looking to house hack by living in one unit while generating rental income from the others, or expand your investment portfolio, this property offers endless possibilities. The building includes a separate laundry room and comes with the added benefit of no HOA dues, maximizing your returns and flexibility. Conveniently located just minutes from UW, Green Lake, Northgate, Magnuson Park, I-5, multiple transit routes, neighborhood shops, and popular restaurants, this property offers unbeatable access to everything Seattle has to offer while maintaining a charming residential feel. A rare opportunity in a high-demand location—don’t miss your chance to own a versatile and income-producing property!Two units are currently tenant- occupied and owner occupied Unit 3. Please do not disturb tenants.

Additional Information

List Date
2026-03-02 23:28:10
Community
Wedgwood
Net Operating Income
$20,381
Gross Adjusted Income
$42,600
Gross Scheduled Income
$72,600
Total Monthly Income
$3,600
Insurance Expenses
$4,236
Water/Sewer/Garbage Expenses
$5,162
Gross Rent Multiplier
17.21
Total Expenses
$22,219
Cap Rate
1.6
Total Number of Units
3
Unit Name
8803
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1972
Roof
Flat
Site Features
Deck
Electric Expenses
521
Energy Source
Electric
School District
Seattle
Elementary School
Wedgwood
Middle School
Eckstein Mid
High School
Nathan Hale High
Total Monthly Income
$3,600
Gross Scheduled Income
$72,600
Gross Adjusted Income
$42,600
Tax Year
2025
Insurance Expense
$4,236
W/S/G Expenses
$5,162
Total Expenses
$22,219
Net Operating Income
$20,381
Gross Rent Multiplier
17.21
Cap Rate
1.6
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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