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.
Active
Listed by: Windermere RE/Capitol Hill,Inc • Mark T. Hanses
$1,799,950
154 18th Avenue, Seattle, WA 98122
8beds
8baths
3,470sqft
Triplex, Multi Family
Built in 1998
-- sqft lot
$-- Zestimate®
$519/sqft
$-- HOA
What's special
Off-street parkingModern plumbingIn-unit laundryDurable fiber-cement sidingTwo-story layoutsPrivate outdoor spaces
- 1 day
- 82
- 6
Zillow last checked:
Listing updated:
Listed by:
Mark T. Hanses,
Windermere RE/Capitol Hill,Inc
Source: NWMLS as distributed by MLS GRID,MLS#: 2578982
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- See Remarks, Wall Furnace, Electric, Natural Gas
Cooling
- None
Features
- Flooring: Laminate, Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,470
- Total interior livable area: 3,470 sqft
Property
Parking
- Total spaces: 3
- Uncovered spaces: 3
Lot
- Size: 4,399 Square Feet
- Features: Curbs, Paved, Sidewalk, Deck, Fenced-Partially, Gas Available, High Speed Internet, Patio
Details
- Parcel number: 1934800136
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Tri-plex
- Property subtype: Triplex, Multi Family
Materials
- Cement Planked, Cement Plank
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1998
Utilities & green energy
- Electric: Company: Seattle City Light
- Sewer: Sewer Connected, Company: City of Seattle
- Water: Public, Company: City of Seattle
Community & HOA
Community
- Subdivision: Central Area
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $519/sqft
- Tax assessed value: $1,255,000
- Annual tax amount: $13,303
- Date on market: 9/8/2026
- Cumulative days on market: 3 days
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2026 | Listed for sale | $1,799,950+148.3%$519/sqft |
Source:  NWMLS as distributed by MLS GRID #2578982 Report a problem | ||
| 6/9/2026 | Listing removed | $3,695$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/14/2026 | Listed for rent | $3,695+25.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/10/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 10/27/2023 | Listed for rent | $2,945$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/17/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 10/13/2023 | Listed for rent | $2,945-7.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/29/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/27/2023 | Listed for rent | $3,175-6.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/12/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/10/2023 | Listed for rent | $3,400-5.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/21/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/19/2023 | Price change | $3,600-1.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/13/2023 | Price change | $3,650-1.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/7/2023 | Price change | $3,700-1.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/6/2023 | Listed for rent | $3,750$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/6/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/3/2023 | Listed for rent | $3,750+12.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/26/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 8/24/2020 | Listing removed | $3,325-4.3%$1/sqft |
Source: Owner Report a problem | ||
| 8/5/2020 | Price change | $3,475-4.8%$1/sqft |
Source: Owner Report a problem | ||
| 7/7/2020 | Listed for rent | $3,650+7.4%$1/sqft |
Source: Owner Report a problem | ||
| 8/19/2019 | Listing removed | $3,400$1/sqft |
Source: Owner Report a problem | ||
| 8/14/2019 | Price change | $3,400-2.9%$1/sqft |
Source: Owner Report a problem | ||
| 7/23/2019 | Listed for rent | $3,500$1/sqft |
Source: Owner Report a problem | ||
| 10/3/2013 | Sold | $725,000$209/sqft |
Source: NWMLS as distributed by MLS GRID #490890 Report a problem | ||
| 7/16/2013 | Sold | $725,000-5.2%$209/sqft |
Source: Public Record Report a problem | ||
| 6/12/2007 | Sold | $764,950+1290.8%$220/sqft |
Source: NWMLS as distributed by MLS GRID #27074570 Report a problem | ||
| 8/26/1997 | Sold | $55,000$16/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,303 +11.3% | $1,255,000 +3.7% |
| 2024 | $11,951 +4.7% | $1,210,000 +2.8% |
| 2023 | $11,413 +5.8% | $1,177,000 -5.2% |
| 2022 | $10,789 -0.4% | $1,241,000 +7.8% |
| 2021 | $10,836 +4.3% | $1,151,000 +9.8% |
| 2020 | $10,388 -7.5% | $1,048,000 -9.1% |
| 2019 | $11,228 +10% | $1,153,000 -1.2% |
| 2018 | $10,211 +4.1% | $1,167,000 +19.9% |
| 2017 | $9,812 +51.8% | $973,000 +22.4% |
| 2016 | $6,462 | $795,000 +7.9% |
| 2015 | $6,462 | $737,000 +12.5% |
| 2014 | $6,462 | $655,000 +18.2% |
| 2013 | $6,462 | $554,000 +13.5% |
| 2012 | -- | $488,000 |
| 2011 | -- | $488,000 -4.5% |
| 2010 | -- | $511,000 |
| 2009 | -- | $511,000 +18.8% |
| 2007 | -- | $430,000 |
| 2006 | -- | $430,000 +9.1% |
| 2005 | -- | $394,000 +17.1% |
| 2001 | $3,875 +75.5% | $336,600 +87% |
| 2000 | $2,208 | $180,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Minor
Nearby schools
Schools provided by the listing agent
- Elementary: Bailey Gatzert
- Middle: Wash Mid
- High: Garfield High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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