Listed by Roopa Group
$3,999,900
$600K PRICE DROP

Estimated payment $23,941/month

Total Views 5,305
12 Beds
18 Baths
6,440 Sq Ft
$621 Price per Sq Ft

Highlights

  • Rooftop Deck
  • City View
  • Electric Vehicle Charging Station
  • Viewlands Elementary School Rated A-
  • No HOA
  • 4-minute walk to Licton Springs Park

About This Home

Rare Investment opportunity in HIGHLY SOUGHT AFTER Green Lake! All units leased on Annual Terms, tenants pay utilities, no HOA. Green Home, divided into 6 units. Each unit has 2 bedrooms, 2.5 baths, Individual 1 car GARAGE, Washer/dryer in unit, fully fenced patio with roof top deck offering amazing views of Seattle Downtown and beautiful Mt Rainier. Open floor plan with gourmet kitchen, SS appliances, steam shower, AC Mini-splits. Walking distance from Restaurants, parks, schools, and much more! Addresses are 1400,1402,1404,1406,1408,1410. Each unit has a separate tax parcel. Rents are below market value. Proforma Cap rate - 5.94%

Listing Agent

Roopa Kannasani

Roopa Group License #23000060 Listed on: 04/30/2025

Co-Listing Agent

Sreekanth Kollu

Roopa Group License #133278

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2368072

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $33,814

Year Built

  • Built in 2021

Lot Details

  • 5,120 Sq Ft Lot
  • Dog Run
  • Partially Fenced Property
  • 4310701553,4310701554,4310701555,4310701556,4310701557
  • Property is in very good condition

Property Views

  • City
  • Territorial

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 6,440 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 18 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces

Outdoor Features

  • Rooftop Deck

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Mounted To A Wall or Window
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Green Lake Subdivision
  • Electric Vehicle Charging Station

Listing and Financial Details

  • Assessor Parcel Number 4310701552

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$33,814

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 2021
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 6440
  • SOCComments: Thanks for Showing
  • Special Features: None

Interior Features

  • Total Bedrooms: 12
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Flat
  • View: City, Territorial
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Cement Plank, Wood
  • Exterior Features: Cement Planked, Wood Products
  • Foundation Details: Slab
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 6
  • Open Parking: No
  • Total Parking Spaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Ductless, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: SPU
  • SewerCompany: SPU
  • WaterCompany: SPU

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 4310701552
  • Lot Size Acres: 0.1175
  • Lot Size Sq Ft: 5120
  • Additional Parcels Description: 4310701553,4310701554,4310701555,4310701556,4310701557
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Dog Run,Electric Car Charging,Fenced-Partially,High Speed Internet,Rooftop Deck
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 21
  • LeasedItems: None
  • TotalMonthlyIncome: 18363

Tax Info

  • Year: 2025
  • Tax Annual Amount: 33813.92

Multi Family

  • Number Of Units Total: 6
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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Value Increase
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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 $5,780 $601,000 $215,000 $386,000
2023 $6,113 $682,000 $238,000 $444,000
2022 $6,296 $724,000 $213,000 $511,000
2021 $4,524 $688,000 $194,000 $494,000
2020 $6,296 $463,000 $177,000 $286,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/27/2025 06/27/25 Price Changed $3,999,900 -6.8% $621 / Sq Ft
05/28/2025 05/28/25 Price Changed $4,290,000 -4.2% $666 / Sq Ft
05/14/2025 05/14/25 Price Changed $4,480,000 -2.6% $696 / Sq Ft
04/30/2025 04/30/25 For Sale $4,600,000 +15.0% $714 / Sq Ft
04/19/2022 04/19/22 Sold $4,000,000 -5.9% $621 / Sq Ft View Prior Sale
03/17/2022 03/17/22 Pending -- -- --
02/15/2022 02/15/22 Price Changed $4,250,000 +6.3% $660 / Sq Ft
12/14/2021 12/14/21 Price Changed $3,999,000 -2.5% $621 / Sq Ft
11/29/2021 11/29/21 For Sale $4,100,000 -- $637 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $670,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $502,500 New Conventional
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2368072

Northwest Multiple Listing Service (NWMLS)

APN: 431070-1552