Listed by Realogics Sotheby's Int'l Rlty
$1,595,000
PENDING $200K PRICE DROP

Estimated payment $9,897/month

Total Views 3,684
-- Bed
-- Bath
4,000 Sq Ft
$399 Price per Sq Ft

Highlights

  • Bay View
  • Softwood Flooring
  • Baseboard Heating
  • Montlake Elementary School Rated A
  • No HOA
  • 5-minute walk to Bagley Viewpoint

About This Home

Wow, what an opportunity to own in Portage Bay. This property features three amazing spaces for in city living. The top two floors of the main house boasts five bedrooms, and 3 baths with delightful daylight and views to portage bay. Below the idyllic one bedroom 2 bath nook provides a perfect pied e terre suite for rent. Lastly the recently built 2 bedroom 2 bath DADU with garage provides an ultimate modern living space with floating stairwell, two story ceilings, an atrium work space and wonderful yard access. This high performance three unit multi family home offers so many different scenarios for the savvy investor. All separate gas and electrical meters. Provides for additional development opportunities.

Listing Agent

Jeffrey McDonald

Realogics Sotheby's Int'l Rlty License #2254 Listed on: 05/12/2025

Realogics Sotheby's Int'l Rlty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2374155

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,482

Year Built

  • Built in 1918

Lot Details

  • 6,000 Sq Ft Lot
  • Dog Run
  • Partially Fenced Property

Property Views

  • Bay
  • Limited

Home Design

  • Triplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Bitumen Roof
  • Metal Roof
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 4,000 Sq Ft Home
  • 2-Story Property

Flooring

  • Softwood
  • Concrete
  • Ceramic Tile

Schools

  • Montlake Elementary School
  • Meany Mid Middle School
  • Garfield High School

Utilities

  • High Efficiency Heating System
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Seattle Subdivision

Listing and Financial Details

  • Legal Lot and Block 19 / C
  • Assessor Parcel Number 1962200385

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,482

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1918
  • MLS Status: Pending
  • Prev Status: Pending
  • New Construction: No
  • CalculatedSquareFootage: 4000
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 82

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Concrete, Hardwood, Softwood
  • Interior Amenities: Ceramic Tile, Concrete
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition, Metal, Torch Down
  • View: Bay, Partial
  • View: Yes
  • Waterfront: No
  • Construction Type: Cement Plank, Wood
  • Exterior Features: Cement Planked, Wood Products
  • Foundation Details: Poured Concrete, Slab
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, High Efficiency (Unspecified)
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utility
  • WaterCompany: Seattle Public Utility
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Garfield High
  • Middle Or Junior School: Meany Mid

Lot Info

  • Parcel Number: 1962200385
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 6000
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Dog Run,Fenced-Partially,Gas Available
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: City
  • LotNumber: 19

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14.11
  • LeasedItems: None
  • TotalMonthlyIncome: 10595

Multi Family

  • Gross Scheduled Income: 127140
  • Net Operating Income: 104354
  • Number Of Units Total: 3
  • Insurance Expense: 4704
  • Leasable Area: 2030
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 14482

MLS Schools

  • Elementary School: Montlake

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $14,484 $1,490,000 $942,000 $548,000
2023 $13,496 $1,410,000 $898,000 $512,000
2022 $9,285 $1,136,000 $808,000 $328,000
2021 $8,783 $978,000 $696,000 $282,000
2020 $8,928 $877,000 $653,000 $224,000
2018 $8,086 $876,000 $671,000 $205,000
2017 $6,456 $794,000 $588,000 $206,000
2016 $6,037 $650,000 $484,000 $166,000
2015 $4,815 $594,000 $440,000 $154,000
2014 -- $480,000 $367,000 $113,000
2013 -- $472,000 $350,000 $122,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2025 06/21/25 Pending -- -- --
06/17/2025 06/17/25 Price Changed $1,595,000 -11.1% $399 / Sq Ft
05/12/2025 05/12/25 For Sale $1,795,000 -- $449 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed $420,000 Commonwealth L
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $109,803 New Conventional
Previous Owner $41,000 Unknown
Previous Owner $45,599 Unknown
Previous Owner $100,000 Credit Line Revolving
Previous Owner $310,000 Seller Take Back
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2374155

Northwest Multiple Listing Service (NWMLS)

APN: 196220-0385