Listed by Raven Commercial Real Estate
$1,499,000
$26K PRICE DROP

10202 1st Ave NW Seattle, WA 98177

Greenwood Neighborhood

Estimated payment $9,005/month

Total Views 4,258
-- Bed
-- Bath
5,530 Sq Ft
$271 Price per Sq Ft

Highlights

  • No HOA
  • Viewlands Elementary School Rated A-
  • Baseboard Heating

About This Home

This is a well maintained 4plex in a great location. Property has a new roof & paint in 2019. The seller completed a pre-sale property inspection and addressed the maintenance punch list. Long term tenants enjoy below market rents, strong upside in market rents. 3 town-style apartments were built in 2000, All 3 bedrooms,2 baths, all equipped with washer dryer, dishwashers and disposers. The original attached SFR has 3 bedrooms and 1 bath. The lot is fenced on three sides has one garage and uncovered parking for three vehicles at the back. Investor upside with rent increases to market and additional development. Seller Financing available, Terms: Seller Note $725K 36 months 5.75% interest only, balance in cash. no loan subordinations

Listing Agent

Jason Wilcox

Raven Commercial Real Estate License #25526 Listed on: 05/08/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2370636

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,682

Year Built

  • Built in 1949

Lot Details

  • 6,032 Sq Ft Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 5,530 Sq Ft Home
  • 3-Story Property

Parking

  • 4 Parking Spaces
  • 1 Covered Space
  • Open Parking

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Seattle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3654200050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,682

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1949
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 5530
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: City of Seattle
  • WaterCompany: city of Seattle
  • WaterSewerGarbage: 5815

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 3654200050
  • Lot Size Acres: 0.1385
  • Lot Size Sq Ft: 6032
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: PUBLIC RECORDS
  • MLSSquareFootageSource: PUBLIC RECORDS
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 16.17
  • LeasedItems: None
  • TotalMonthlyIncome: 7860

Multi Family

  • Gross Scheduled Income: 94320
  • Net Operating Income: 68103
  • Number Of Units Total: 4
  • Insurance Expense: 1890
  • Leasable Area: 5536
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2024
  • Tax Annual Amount: 12682

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2025 07/02/25 Price Changed $1,499,000 -1.7% $271 / Sq Ft
05/08/2025 05/08/25 For Sale $1,525,000 -- $276 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2370636

Northwest Multiple Listing Service (NWMLS)
Washington King County Seattle 98133 Greenwood

10202 1st Ave NW, Seattle, WA

This home is located at 10202 1st Ave NW, Seattle, WA 98177 and is currently priced at $1,499,000, approximately $271 per square foot. This property was built in 1949. 10202 1st Ave NW is a home located in King County with nearby schools including Viewlands Elementary School, Whitman Middle School, and Ingraham High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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Jason Wilcox
Listing Agent
Jason Wilcox
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Raven Commercial Real Estate
(206) 207-7948