154 18th Ave Seattle, WA 98122
Minor NeighborhoodEstimated payment $11,040/month
Highlights
- Deck
- No HOA
- High Speed Internet
- Washington Middle School Rated A-
- Patio
- 4-minute walk to Pratt Park
About This Home
This purpose-built 1998 triplex offers the cash flow of a multifamily investment without many of the maintenance concerns commonly associated with older properties. Built with modern plumbing, electrical, windows, insulation and durable fiber-cement siding, all three townhouse-style residences also feature in-unit laundry, private outdoor spaces and off-street parking. Two units offer 3 bedrooms and 2.5 baths, while the third includes 2 bedrooms and 2 baths. The desirable two-story layouts provide a more home-like feel that attracts strong market rents and encourages long-term tenancy. With more than $100,000 in annual net income and a 5.7% cap rate, this is a compelling opportunity for investors seeking immediate returns and long-term upside. Also ideal for an owner-occupant looking to offset their mortgage with rental income. The townhouse-style configuration may offer future potential for a unit-lot short subdivision or condo conversion to allow the sale of individual units—buyer to verify. Conveniently located just south of Capitol Hill with easy access to downtown, transit and neighborhood amenities.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2578982
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,303
Year Built
- Built in 1998
Lot Details
- 4,400 Sq Ft Lot
- Partially Fenced Property
Home Design
- Triplex
- Poured Concrete
- Composition Roof
- Cement Board or Planked
Interior Spaces
- 3,470 Sq Ft Home
- 2-Story Property
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Outdoor Features
- Deck
- Patio
Schools
- Bailey Gatzert Elementary School
- Wash Mid Middle School
- Garfield High School
Utilities
- Wall Furnace
- High Speed Internet
Community Details
- No Home Owners Association
- Central Area Subdivision
Listing and Financial Details
- Assessor Parcel Number 1934800136
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,303 | $1,255,000 | $943,000 | $312,000 |
| 2024 | $11,951 | $1,210,000 | $925,000 | $285,000 |
| 2023 | $10,789 | $1,177,000 | $925,000 | $252,000 |
| 2022 | $10,836 | $1,241,000 | $798,000 | $443,000 |
| 2021 | $10,388 | $1,151,000 | $725,000 | $426,000 |
| 2020 | $11,228 | $1,048,000 | $655,000 | $393,000 |
| 2018 | $9,812 | $1,167,000 | $527,000 | $640,000 |
| 2017 | $7,816 | $973,000 | $450,000 | $523,000 |
| 2016 | $7,415 | $795,000 | $375,000 | $420,000 |
| 2015 | $6,462 | $737,000 | $348,000 | $389,000 |
| 2014 | -- | $655,000 | $268,000 | $387,000 |
| 2013 | -- | $554,000 | $235,000 | $319,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/03/2013 10/03/13 | Sold | $725,000 | +3.9% | $209 / Sq Ft | View Prior Sale |
| 05/24/2013 05/24/13 | Pending | -- | -- | -- | |
| 05/22/2013 05/22/13 | For Sale | $698,000 | -- | $201 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $725,000 | Old Republic T | |
| Warranty Deed | $764,950 | Old Republic T | |
| Quit Claim Deed | -- | Old Republic T | |
| Warranty Deed | $55,000 | Commonwealth Land Title Ins | |
| Quit Claim Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $497,206 | New Conventional | |
| Closed | $507,500 | New Conventional | |
| Previous Owner | $464,950 | Purchase Money Mortgage | |
| Previous Owner | $480,000 | Unknown |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2578982
APN: 193480-0136
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2026 NWMLS.
Based on information submitted to the MLS GRID
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