Need Advice on Duplex in Seattle

[Eugene Cho]

Purchasing our first home in the Seattle area and am looking for a duplex or basement conversion. Just went to the open house for this property and need advice on whether on not it’s a good investment property. The plan is to live in the upstairs unit and rent out the bottom. Location is good but it’s right on a very busy street with parking around the corner, no parking on the same street. Our total all in budget is around $800k. The property itself is listed at $750k. So the price is definitely high and leave little room for our renovations. What do you guys think?

2571 E Montlake Pl E, Seattle, WA 98112

https://www.zillow.com/homedetails/2571-E-Montlake-Pl-E-Seattle-WA-98112/49101802_zpid/