

267 East Newton Street
Multifamily Investment Property (triplex)
Marketing description
Located in one of Seattle's most sought-after neighborhoods, this charming Eastlake property presents a rare opportunity for both investors and owner-occupants. Perfectly positioned just minutes from Lake Union, downtown Seattle, South Lake Union, and Capitol Hill, the property benefits from Eastlake's unbeatable walkability, vibrant restaurant scene, coffee shops, waterfront access, and convenient transit connections. The property has a long history of strong occupancy and consistently attracts high-quality tenants thanks to its highly desirable location and neighborhood appeal. Eastlake remains one of Seattle's most resilient rental markets, known for low vacancy and strong rental demand driven by nearby tech and medical employment centers. Currently configured as a legal triplex, the property offers flexible income-producing potential with the opportunity for owner-occupancy while offsetting expenses through rental income. The property also includes additional shared storage and laundry space, along with valuable future upside through its LR2(M) zoning and development potential. Whether you are looking for a stable investment property, a future development opportunity, or a home in one of Seattle's most amenity-rich neighborhoods, this Eastlake property offers exceptional long-term value in a premier location.
Investment highlights
Located in the heart of Eastlake — one of Seattle's most resilient rental markets — 267 E Newton Street is a legal triplex offered at $1,175,000 generating $71,280 in current gross scheduled income. The property sits minutes from Amazon HQ, Fred Hutchinson Cancer Center, and South Lake Union's dense tech and medical employment base, in a neighborhood that is 75% renter-occupied, carries a 4.4% metro vacancy rate, and faces a construction pipeline down over 50% — fundamentals that make quality, well-located rental assets increasingly scarce. With flexible owner-occupant potential, shared laundry and storage, and LR2(M) zoning supporting up to four-story multifamily development on a 3,700 SF lot, this property offers immediate income and long-term optionality in one of Seattle's most enduringly sought-after neighborhoods.
Listing Contacts


Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?





















