Listed by Lee & Associates Commercial RE, Bought with KW Greater Seattle
$2,000,000
SOLD JUL 25, 2024
-- Bed
-- Bath
3,500 Sq Ft
3,914 Sq Ft Lot

Recently Sold

$571 Per Sq Ft

9% Below List Price

121 Days on Market

Highlights

  • No HOA
  • Views
  • Vinyl Plank Flooring
  • Daniel Bagley Elementary School Rated A-
  • Property is near a preserve or public land
  • Forced Air Heating System

About This Home

As of July 2024

78th Street Classic City Studios and Suites, situated in Seattle’s Green Lake neighborhood, the building is just steps to Green Lake Park and popular neighborhood retail. Constructed in 1992, this 5-unit building consist of five 1-bedroom units averaging 700 SF. Well-maintained and improved throughout the course of ownership, recently 2010 N 78th Street has seen improvements. Upgrades are a new roof in 2020, full exterior repaint and a renovated owner's unit. The property offers a truly unique and enticing opportunity for those looking to own in the heart of Green Lake. With a young professional tenant base and a location steps from Green Lake Park and urban retail, 78th Street Apartment truly represents the best Green Lake has to offer.

Last Agent to Sell the Property

Chris Larsen

Lee & Associates Commercial RE License #21016669

Lee & Associates Commercial RE

Co-Listed By

Candice Chevaillier, CCIM

Lee & Associates Commercial RE License #18886

Last Buyer's Agent

Max Hoge

KW Greater Seattle License #21014469

KW Greater Seattle

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2171731

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,309

Year Built

  • Built in 1992

Home Design

  • Metal Roof
  • Wood Siding

Interior Spaces

  • 3,500 Sq Ft Home
  • 3-Story Property
  • Property Views

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Parking

  • 6 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Schools

  • Daniel Bagley Elementary School
  • Robert Eagle Staff Middle School
  • Ingraham High School

Additional Features

  • 3,914 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Green Lake Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 288320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,309

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1992
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3500
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 386

Interior Features

  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Metal
  • View: See Remarks
  • Lot Features: Adjacent to Public Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Cooling: Other – See Remarks
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: See Remarks
  • SewerCompany: Public
  • WaterCompany: Water District
  • WaterSewerGarbage: 5000

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Ingraham High
  • Middle Or Junior School: Robert Eagle Staff Middle School

Lot Info

  • Parcel Number: 288320
  • Lot Size Acres: 0.0899
  • Lot Size Sq Ft: 3914
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 10817

Multi Family

  • Gross Scheduled Income: 129000
  • Net Operating Income: 95991
  • Number Of Units Total: 5
  • Insurance Expense: 1760
  • Leasable Area: 3500
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2023
  • Tax Annual Amount: 14309

MLS Schools

  • Elementary School: Daniel Bagley

Map

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
07/25/2024 07/25/24 Sold $2,000,000 -8.9% $571 / Sq Ft
02/11/2024 02/11/24 Pending -- -- --
10/13/2023 10/13/23 For Sale $2,195,000 -- $627 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2171731

Northwest Multiple Listing Service (NWMLS)