14001 35th Avenue NE in Seattle

Well-maintained three-unit triplex in Lake City with bonus room conversion possibility (completed at sister property 14007 35th Ave NE) could add 4th unit; would require minor site work (rocks, walkway). Mature tenancy with low turnover history. Excellent cash-on-cash potential and cap rate expansion at market rents in one of Seattle's most culturally diverse and affordable neighborhoods. With a Walk Score of 81, tenants enjoy immediate access to a vibrant international food scene, neighborhood retail, convenient transit, and outdoor recreation at Matthews Beach Park and Jackson Park Golf Course—all with genuine community character and pricing that avoids the premium associated with western Seattle enclaves. Composite annual rent potential reaches $93,420 post-growth, plus storage ancillary income. Multiple value-add opportunities—in-unit laundry capex, conversion optionality, and storage monetization—provide seasoned investors with flexible exit strategies. An ideal entry point for first-time multifamily buyers seeking Seattle exposure or portfolio investors looking to add proven assets in an undervalued, high-demand neighborhood.

This listing is provided courtesy of NWMLS.
Listing Broker: Pacific Crest; Alan Wileman.

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