Listed by Jordan Rabinowe • Windermere Real Estate Midtown.
For sale
$1,350,000
Est. $8,472/mo —
4
bd
•
3 ba
•
1,790
sq ft
1414 E Spring St, Seattle, WA 98122
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About this home
An incredible opportunity to own a three-unit property in one of Seattle’s most connected locations. Just blocks from Seattle University and minutes from Capitol Hill, First Hill, Downtown and the Pike/Pine corridor, this triplex puts some of the city’s best dining, shopping, nightlife, employment centers and transit within easy reach. Three distinct residences offer multiple income opportunities: a two-bedroom, one-bathroom main unit, a one-bedroom, one-bath upper unit, and an upper studio unit with one-bathroom. Each residence includes an in-unit washer-dryer. The two-bedroom unit is currently vacant, providing an immediate opportunity for an owner-occupied space while continuing to rent the other units. Whether adding to an investment portfolio or entering the multifamily market, this is a rare opportunity to own three units in the heart of the city.
Multi-familyProperty Type
1901Year Built
3,600 sq ftLot Size
$754Price/Sq.Ft.
Listed by Jordan Rabinowe• Windermere Real Estate Midtown
Listed by Larry Wilcynski• Windermere Real Estate Midtown
Squire Park, located between Capitol Hill and the Central District, is a residential and historic Seattle neighborhood with early-1900s homes and a leafy street grid. The neighborhood’s character concentrates along E Union St near 23rd Ave, where corner markets, coffee counters, and small eateries set a steady, walkable rhythm. Community pillars include Seattle Bouldering Project, the Central Cinema, and the Northwest African American Museum. Craftsman houses and brick apartment buildings line calm blocks that rise and fall with the terrain. Pocket parks and school grounds add open space between arterials. Transit on nearby Madison and Union connects the area to downtown and the lake.
Provided by Walk Score and Local Logic
Offer insights
1414 E Spring St · $1,350,000
$1.36M and above
75% chance or better to win
Why $1.36M+ is a strong offer
SALE-TO-LIST
94.9%
Most homes are selling 5% below list price.
LIST PRICE
$1,350,000
Median list price in this area is $1,017,307. (25% lower than this home)
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Bedrooms
Three units: two have 1 bedroom each, and one has 2 bedrooms.
Bathrooms
Each unit has 1 bathroom.
Kitchen
Each unit includes a range/oven, refrigerator, and dishwasher.
Laundry & utility
Each unit includes a washer and dryer.
Flooring
Ceramic tile
Hardwood
Heating & cooling
Wall furnace
No cooling
Exterior features
Partially fenced
Alley access
Curbs
Paved access
Sidewalk
Home design
Triplex
Two stories
Parking
Two uncovered parking spaces
Security
Partially fenced
Construction
Built in 1901
Brick and stucco construction
Composition roof
Poured concrete foundation
Utilities
Public water
Connected to sewer
Electricity and natural gas
Financial info
Gross scheduled annual income of $71,244
Gross adjusted annual income of $71,244
Total monthly income of $5,937
Net operating income of $61,995
Total expenses of $20,342
Electric expense of $1,247
Insurance expense of $1,925
Other expenses of $850
Gross rent multiplier of 18.95
Unit rents: $1,819, $1,318, and $2,800
Vacancy rate of 33%
Electricity and solar
View estimated energy costs and solar savings for this home
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Local insights from Redfin agents
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