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33490460
33490451

267 East Newton Street, Seattle, WA 98102

AW
WA 22001097
Pacific Crest Realty
Listed by Pacific Crest Realty
$1,149,000
21 days on market
Updated 6 days ago

267 East Newton Street

Details
Property Type Multifamily
Sub Type Apartment Building, Triplex rental
Square Footage 1,760
Net Rentable (SqFt) 1,760
Units 1
NOI $47,425
Occupancy 100%
Tenancy Multi
Pro-Forma NOI $51,490
Price per SqFt $668
Year Built 1909
Buildings 1
Lot Size (SqFt) 3,700
Zoning LR(M)
Investment Type Owner/User

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

AW
WA 22001097
Pacific Crest Realty
Listed by Pacific Crest Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$47,425.00
$3,952.08/mo

Valuation Metrics

0
DSCR
4.13%
Cap Rate
4.13%
ROI

Map

Zoning

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LR2(M) ResidentialMulti FamilyLowrise Mandatory Housing Affordability
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Alan Wileman
License
22001097
Brokerage
Pacific Crest Real Estate
Brokerage Phone
2066900151
Title
Investment Sales Associate
Brokerage Address
200 1st Avenue West
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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