Listed by Northmarq Multifamily, LLC
NOT LISTED FOR SALE

10540 Whitman Ave N Seattle, WA 98133

Bitter Lake Neighborhood
-- Bed
-- Bath
30,167 Sq Ft
0.61 Acres

Last Sold November 27, 2018

Last sale price $7,200,000 $239 Per Sq Ft

39 Days on Market

Highlights

  • 0.61 Acre Lot
  • Viewlands Elementary School Rated A-
  • Wood Siding

About This Home

As of November 2018

32 unit in Value Add opportunity in North Seattle. Upside in rents without renovation or ability to renovate and push rents further. Great location 1 block off of Rapid Transit line direct to downtown Seattle. This is a portfolio listing that includes two other properties with the address: 10704 Whitman Avenue N (4-Unit), Parcel#229140-0180 and 950 N 107th St (10-Unit), Parcel#229140-0170.

Last Agent to Sell the Property

Tyler Smith

Northmarq Multifamily, LLC License #24028396 Listed on: 07/27/2018

Co-Listed By

Steve Fischer

Northmarq Multifamily, LLC License #87455

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1336438

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $59,985

Year Built

  • Built in 1989

Lot Details

  • 0.61 Acre Lot
  • Property is in average condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 30,167 Sq Ft Home
  • 3-Story Property

Parking

  • 48 Parking Spaces
  • 21 Covered Spaces
  • Open Parking

Community Details

  • Northgate Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2291400400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$59,985

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1989
  • Buyer Agency Compensation: 1.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 30167
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • Lot Features: Alley
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 21
  • Open Parking Spaces: 27
  • Open Parking: Yes
  • Total Parking Spaces: 48
  • ParkingUncoveredSpaces: 27

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 36847

Schools

  • Junior High Dist: Seattle
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 2291400400
  • Lot Size Acres: 0.6062
  • Lot Size Sq Ft: 26404
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: KC Parcel Viewer

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 44840

Multi Family

  • Gross Scheduled Income: 572988
  • Net Operating Income: 362423
  • Number Of Units Total: 32
  • Insurance Expense: 5457
  • Leasable Area: 26404
  • UnitsInBuildingTotal: 32
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2018
  • Tax Annual Amount: 59985

MLS Schools

  • Elementary School: Buyer To Verify

Range of Values:

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List Price
Sold Price
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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 List to Sale Price per Sq Ft
11/27/2018 11/27/18 Sold $7,200,000 -1.4% $239 / Sq Ft
09/04/2018 09/04/18 Pending -- -- --
08/29/2018 08/29/18 Price Changed $7,300,000 -6.4% $242 / Sq Ft
07/27/2018 07/27/18 For Sale $7,800,000 -- $259 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Smith

    Seller's Agent in 2018

    Tyler Smith

    Northmarq Multifamily, LLC

    (206) 505-9425

    21 Total Sales

    Tyler Smith
    Section Image
  • Steve Fischer

    Seller Co-Listing Agent in 2018

    Steve Fischer

    Northmarq Multifamily, LLC

    (206) 505-9435

    37 Total Sales

    Steve Fischer
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1336438

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

10540 Whitman Ave N, Seattle, WA

This home is located at 10540 Whitman Ave N, Seattle, WA 98133 since 27 July 2018. This property was built in 1989. 10540 Whitman Ave N 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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