Prime Wallingford triplex ideally situated in a vibrant business and shopping district with convenient access to I-5. Each unit bright and spacious 2-bedroom, 1-bath. Features a durable Marblecrete exterior. Boasting a remarkable walk score of 93, the property is just steps from restaurants, shops, a grocery store, Greenlake, and Woodland Park. Highly desirable and easy to rent, with units rarely vacant. Current income, expenses, and CAP rate reflect strong financial performance. Three garage spaces are rented separately (1-owner, 2-$150, 3-$270). On-site laundry with a free washer and dryer for tenants. Basement has maintenance storage 500 sf. Enjoy a private courtyard on the side of the building and a rear yard for added outdoor space.
RE/MAX IntegrityLicense #51002Listed on: 03/26/2025
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2349821
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$17,237
Year Built
Built in 1974
Lot Details
6,840 Sq Ft Lot
Lot Dimensions are 60' x 114
Partially Fenced Property
Property is in good condition
Home Design
Triplex
Slab Foundation
Bitumen Roof
Stucco
Interior Spaces
3,300 Sq Ft Home
2-Story Property
Thermal Windows
Territorial Views
Flooring
Carpet
Laminate
Ceramic Tile
Bedrooms and Bathrooms
6 Bedrooms
3 Bathrooms
Parking
11 Parking Spaces
3 Covered Spaces
Open Parking
Schools
Green Lake Elementary School
Hamilton Mid Middle School
Lincoln High School
Utilities
Forced Air Heating and Cooling System
Baseboard Heating
Community Details
No Home Owners Association
Wallingford Subdivision
Listing and Financial Details
Assessor Parcel Number 0510001290
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$17,237
Year Built
Built in 1974
Lot Details
0
Listing Details
Property Type: Residential Income
Property Sub Type: Multi Family
StyleCode: 53 - Tri-plex
Year Built: 1974
MLS Status: Active
Prev Status: Active
New Construction: No
CalculatedSquareFootage: 3300
EffectiveYearBuiltSource: Public Records
Special Features: None
Cumulative Days on Market: 30
Interior Features
Possible Use: Commercial
Total Bedrooms: 6
Fireplace: No
Flooring: Ceramic Tile, Laminate, Carpet
Interior Amenities: Ceramic Tile
Stories: 2
SquareFootageFinished: 0
SquareFootageUnfinished: 0
BathsFullUpper: 0
BathsHalfUpper: 0
BathsThreeQuarterUpper: 0
BedroomsUpper: 0
Amenities: Basement,Thermal Windows
Exterior Features
Roof: Torch Down
View: Territorial
Lot Features: Paved, Sidewalk
View: Yes
Waterfront: No
Construction Type: Stucco
Exterior Features: Stucco
Foundation Details: Slab
Property Condition: Good
Structure Type: Triplex
Garage/Parking
Carport Y N: No
Covered Parking Spaces: 3
Open Parking Spaces: 8
Open Parking: Yes
Total Parking Spaces: 11
ParkingUncoveredSpaces: 8
Utilities
Sewer: Sewer Connected
Water Source: Public
Security: Partially Fenced
Cooling: Forced Air
Cooling Y N: Yes
Heating: Baseboard, Forced Air
Heating Yn: Yes
PowerCompany: Seattle City Light
SewerCompany: City of Seattle
WaterCompany: City of Seattle
InternetConnected: Xfinity
WaterSewerGarbage: 6360
Condo/Co-op/Association
Senior Community: No
Association: No
Schools
Junior High Dist: Seattle
High School: Lincoln High
Middle Or Junior School: Hamilton Mid
Lot Info
Parcel Number: 0510001290
Lot Size Acres: 0.157
Lot Size: 60' x 114
Lot Size Sq Ft: 6840
Zoning Description: Commercial
Irrigation Water Rights: No
ShowMapLink: true
SiteFeatures: Fenced-Partially
MLSLotSizeSource: Public Records
ZoningJurisdiction: County
Green Features
Efficiency: Thermal Windows
Power Production Type: Electric, Wood
Rental Info
GrossRentMultiplier: 16
LeasedItems: None
TotalMonthlyIncome: 9060
Multi Family
Gross Scheduled Income: 108720
Net Operating Income: 73751
Number Of Units Total: 5
Electric Expense: 4610
Insurance Expense: 2300
Leasable Area: 3300
EnergySource: Electric,Wood
UnitsInBuildingTotal: 3
UnitsBelowGrade: false
VacancyRate: 3
Tax Info
Year: 2024
Tax Annual Amount: 17237
MLS Schools
Elementary School: Green Lake
Map
Range of Values:
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Average Value
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List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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
2024
$16,957
$1,739,000
$923,000
$816,000
2023
$16,676
$1,806,000
$905,000
$901,000
2022
$15,632
$1,951,000
$823,000
$1,128,000
2021
$14,508
$1,681,000
$725,000
$956,000
2020
$14,549
$1,479,000
$697,000
$782,000
2018
$13,544
$1,546,000
$733,000
$813,000
2017
$11,919
$1,354,000
$642,000
$712,000
2016
$11,091
$1,230,000
$583,000
$647,000
2015
$9,443
$1,117,000
$531,000
$586,000
2014
--
$970,000
$477,000
$493,000
2013
--
$852,000
$420,000
$432,000
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
06/04/202506/04/25
Price Changed
$1,740,000
0.0%
$527 / Sq Ft
06/04/202506/04/25
For Sale
$1,740,000
-3.3%
$527 / Sq Ft
04/11/202504/11/25
Pending
--
--
--
03/26/202503/26/25
For Sale
$1,800,000
--
$545 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)
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