Listed by Paragon Real Estate Advisors
NOT LISTED FOR SALE
-- Bed
-- Bath
15,556 Sq Ft
1.58 Acres

Last Sold August 17, 2023

Last sale price $4,800,000 $309 Per Sq Ft

3 Days on Market

About This Home

As of August 2023

The North Forest Apartments is a 20-unit apartment complex that consists of four, three story, five-unit buildings. Each building has three tuck-under parking spots, ample open parking, and an on-site laundry facility. 13 of the 20 units have been remodeled with high-end finishes including quartz counter tops, new cabinets and mill work, lighting fixtures, and updated appliances. The buildings have been exceptionally well cared for and have recently been repainted and re-roofed. Although not currently zoned for a redevelopment project, the buildings sit on oversized lots that could potentially be redeveloped in the future.

Last Agent to Sell the Property

Jacob Odegard

Paragon Real Estate Advisors License #120796 Listed on: 07/19/2023

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2141057

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $52,004

Year Built

  • Built in 1976

Lot Details

  • 1.58

Home Design

  • Built-Up Roof
  • Stucco

Interior Spaces

  • 15,556 Sq Ft Home
  • 3-Story Property

Parking

  • 28 Parking Spaces
  • Open Parking

Additional Features

  • 1.58 Acre Lot
  • Radiant Heating System

Community Details

  • No Home Owners Association
  • Shoreline Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4024100141

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$52,004

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1976
  • Buyer Agency Compensation: 1.75
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 15556
  • Special Features: None
  • Cumulative Days on Market: 366

Interior Features

  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Built-Up
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 12
  • Carport Y N: No
  • Open Parking Spaces: 16
  • Open Parking: Yes
  • Total Parking Spaces: 28
  • ParkingUncoveredSpaces: 16

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant
  • Heating Yn: Yes
  • WaterSewerGarbage: 24922

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Shoreline

Lot Info

  • Parcel Number: 4024100141
  • Lot Size Acres: 1.5752
  • Lot Size Sq Ft: 68618
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13.9
  • LeasedItems: None
  • TotalMonthlyIncome: 28784

Multi Family

  • Gross Scheduled Income: 345408
  • Net Operating Income: 197426
  • Number Of Units Total: 20
  • Insurance Expense: 11378
  • Leasable Area: 15556
  • EnergySource: Electric
  • UnitsInBuildingTotal: 20
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2023
  • Tax Annual Amount: 52004
  • AdditionalTaxIds: 4024100137,4024100139,4024100140

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 Change Sq Ft Price
08/17/2023 08/17/23 Sold $4,800,000 0.0% $309 / Sq Ft
07/22/2023 07/22/23 Pending -- -- --
07/19/2023 07/19/23 For Sale $4,800,000 -- $309 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2141057

Northwest Multiple Listing Service (NWMLS)