267 E Newton Street, Seattle, WA 98102
- $1,149,000
- 1,760
- SqFt
Listing courtesy of Pacific Crest.
- List Price
- $1,149,000
- Status
- ACTIVE
- MLS#
- 2532062
- Price Change
- ▼ $26,000 1782418953
- Days on Market
- 57
- Style
- 53 - Tri-plex
- Finished SqFt
- 1,760
- Area Total SqFt
- 1760
- Annual Tax Ammount
- 12438
- Lot Size (sq ft)
- 3,700
- Sewer
- Sewer Connected
Property Description
Ask about seller-paid 2% rate buydown potentially providing 5% interest Located in one of Seattle's most sought-after neighborhoods, this charming Eastlake property presents a rare opportunity for both investors and owner-occupants. Perfectly positioned just minutes from Lake Union, downtown Seattle, South Lake Union, and Capitol Hill, the property benefits from Eastlake's unbeatable walkability, vibrant restaurant scene, coffee shops, waterfront access, and convenient transit connections. The property has a long history of strong occupancy and consistently attracts high-quality tenants thanks to its highly desirable location and neighborhood appeal. Eastlake remains one of Seattle's most resilient rental markets, known for low vacancy and strong rental demand driven by nearby tech and medical employment centers. Currently configured as a legal triplex, the property offers flexible income-producing potential with the opportunity for owner-occupancy while offsetting expenses through rental income. The property also includes additional shared storage and laundry space, along with valuable future upside through its LR2(M) zoning and development potential. Whether you are looking for a stable investment property, a future development opportunity, or a home in one of Seattle's most amenity-rich neighborhoods, this Eastlake property offers exceptional long-term value in a premier location.
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Additional Information
- List Date
- 2026-05-30 15:28:12
- Community
- Eastlake
- Net Operating Income
- $47,725
- Gross Adjusted Income
- $70,015
- Gross Scheduled Income
- $72,180
- Total Monthly Income
- $6,015
- Insurance Expenses
- $2,952
- Water/Sewer/Garbage Expenses
- $6,000
- Gross Rent Multiplier
- 16.27
- Total Expenses
- $22,290
- Cap Rate
- 4.06
- Vacancy Rate
- 3
- Total Number of Units
- 3
- Unit Name
- 267
- Potential Terms
- Cash, Conventional
- Year Built
- 1909
- View
- City, Lake, Partial, Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Fully, Gas Available, High Speed Internet, Patio
- Electric Expenses
- 900
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Elementary School
- Lowell
- Middle School
- Meany Mid
- High School
- Garfield High
- Total Monthly Income
- $6,015
- Gross Scheduled Income
- $72,180
- Vacancy Rate
- 3
- Gross Adjusted Income
- $70,015
- Tax Year
- 2026
- Insurance Expense
- $2,952
- W/S/G Expenses
- $6,000
- Total Expenses
- $22,290
- Net Operating Income
- $47,725
- Gross Rent Multiplier
- 16.27
- Cap Rate
- 4.06
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.