2258 14th Avenue W, Seattle, WA 98119
- $975,000
- 2,800
- SqFt
Listing courtesy of Westlake Associates, Inc..
- List Price
- $975,000
- Status
- ACTIVE
- MLS#
- 2519144
- Price Change
- ▼ $75,000 1784844173
- Days on Market
- 81
- Style
- 54 - 4-Plex
- Finished SqFt
- 2,800
- Area Total SqFt
- 2800
- Annual Tax Ammount
- 10156
- Lot Size (sq ft)
- 4,013
- Sewer
- Sewer Connected
Property Description
First time on the market in 33 years, and it shows. This turnkey West Queen Anne fourplex has been quietly held under single ownership for over three decades and is ready for a new investor to step in and collect. Four one-bedroom units, hardwood floors throughout, dishwashers in every unit, and Unit 4 comes with its own in-unit washer and dryer. Large basement storage accessible to all tenants. Off-street parking and a fenced backyard round it out. Live in one and rent the rest, this is a classic owner-occupy setup in one of Seattle's strongest residential neighborhoods. Queen Anne continues to command premium rents, attract long-term tenants, and hold its value through every market cycle. Current rents are below market with a clear upside path to $6,980/month. Zoned LR3(M) with long-term redevelopment optionality and potential to convert existing space into additional units, a value-add angle that is increasingly rare to find in this submarket. Steps from Metro Route 2, the RapidRide D Line, Seattle Center, Climate Pledge Arena, Kerry Park, and some of the best dining and retail in the city. Median household income within one mile exceeds $151,000. Strong bones, great location, proven demand. Priced at $262,500 per unit — bring your buyers.
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Additional Information
- List Date
- 2026-05-06 16:58:14
- Community
- Queen Anne
- Net Operating Income
- $50,318
- Gross Adjusted Income
- $76,950
- Gross Scheduled Income
- $79,909
- Total Monthly Income
- $6,659
- Insurance Expenses
- $2,533
- Water/Sewer/Garbage Expenses
- $4,014
- Gross Rent Multiplier
- 13.18
- Total Expenses
- $26,632
- Cap Rate
- 5.16
- Vacancy Rate
- 4
- Total Number of Units
- 4
- Unit Name
- 2258
- Potential Terms
- Cash, Conventional
- Year Built
- 1910
- Roof
- Composition
- Site Features
- Fenced-Partially, Patio
- Other Expenses
- 9929
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $6,659
- Gross Scheduled Income
- $79,909
- Vacancy Rate
- 4
- Gross Adjusted Income
- $76,950
- Tax Year
- 2026
- Insurance Expense
- $2,533
- W/S/G Expenses
- $4,014
- Total Expenses
- $26,632
- Net Operating Income
- $50,318
- Gross Rent Multiplier
- 13.18
- Cap Rate
- 5.16
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