Open House LogoIn-Person: 10/24 12:00 PM - 2:00 PM
In-Person: 10/25 12:00 PM - 2:00 PM
$1,199,000
 $6,436 est/mo Sourced by Back At You

1612 N 38th Street,Seattle, WA 98103

Seattle, WA 98103

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Description

Exceptional Investment Opportunity in Desirable Wallingford! This conveniently located legal duplex offers outstanding flexibility, strong rental income, and long-term investment potential-ideal for investors, owner-occupants, or multi-generational living. Generating $79,200 in actual annual rental income, with a projected NOI of $64,220 and a 5.36% cap rate, the property benefits from low operating expenses, with tenants paying all utilities and the owner responsible only for property taxes and insurance. No HOA fees! Live in one unit and rent the other, or enjoy the established rental income. Previously operated as an Airbnb, offering additional potential (buyer to verify eligibility). Each unit is separately metered with its own tankless water heater. Recent improvements and desirable features include a new roof, off-street parking, basement storage, a stone patio, and a private fenced backyard. Enjoy impressive Seattle skyline views from both units! The upper unit features double French doors opening to a balcony, while the lower unit offers a charming wrap-around porch. Ideally situated minutes from I-5, the University of Washington, Gas Works Park, John Stanford International School, and other highly regarded schools. A rare opportunity to own an income-producing duplex in one of Seattle's most sought-after neighborhoods! Offered at $1,199,000 | 5.36% Cap Rate | $79,200 Annual Rental Income.

Details

MLS #2593173
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1902
Days On Site15
Listing Provided BySkyline Properties, Inc. | Amir Rashidi

Features

Bed(s)6
Bath(s) 3 Total
SQ Feet1,850
Story(s)2
Acreage0.06
Property ViewYes

Taxes

Property9063

Area Information

StateWA
CountyKing
CitySeattle
Zip Code98103
Area705 Ballard | Greenlake
Community NameWallingford
School DistrictLincoln High
Elementary SchoolJohn Stanford Intl
High SchoolLincoln High
Listing VS Median (in Wallingford)
Price:
$1,199,000
low | high
Med:
$932,450
72.231025854879% of Average
sqft:
1,850
low | high
Med:
1,949
44.675675675676% of Average
$ / sqft:
$648
low | high
Med:
$493
73.864006193939% of Average
On site:
15
low | high
Med:
48
31.25% of Average
Sourced by Back At You

Market Activity 98103

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Based on information submitted to the MLS GRID as of October 24, 2026 at 2:41:18 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

Open House
In-Person
10/24 12:00 PM - 2:00 PM
In-Person
10/25 12:00 PM - 2:00 PM
StateWA
CountyKing
CitySeattle
Zip Code98103
Area705 Ballard | Greenlake
Community NameWallingford
School DistrictLincoln High
Elementary SchoolJohn Stanford Intl
High SchoolLincoln High
Listing VS Median (in Wallingford)
Price:
$1,199,000
low | high
Med:
$932,450
72.231025854879% of Average
sqft:
1,850
low | high
Med:
1,949
44.675675675676% of Average
$ / sqft:
$648
low | high
Med:
$493
73.864006193939% of Average
On site:
15
low | high
Med:
48
31.25% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $899K - $1.498M
sqft: 1,000 - 2,000
Nearby Listings Property ImageNearby Listings Details
1612 N 38th Street Property Photo 1
$1,199,000
1612 N 38th Street
Seattle, WA 98103
3910 Woodlawn Avenue Property Photo 1
$1,165,000
3910 Woodlawn Avenue
Seattle, WA 98103
Listing Updated: October 20, 2026 at 2:45:01 PM PDT
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