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

Estimated payment $9,265/month

Total Views 3,438
12 Beds
7 Baths
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

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

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
  • Cumulative Days on Market: 95

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 12
  • 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)

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2370636

Northwest Multiple Listing Service (NWMLS)