NOT LISTED FOR SALE
-- Bed
-- Bath
9,626 Sq Ft
9,626 Sq Ft Lot

Last Sold August 11, 2023

Last sale price $4,025,000 $418 Per Sq Ft

212 Days on Market

Highlights

  • Lake View
  • 0.22 Acre Lot
  • No HOA
  • Montlake Elementary School Rated A
  • Wood Flooring
  • 4-minute walk to I-5 Bike Park

About This Home

As of August 2023

Aldora Apartments is a handsome 15-Unit brick veneer apartment building, beaming with timeless character, and ideally located in one of Seattle’s most sought-after neighborhoods. It features 15 large one-bedroom apartment units with amazing territorial views of Lake Union and Seattle. Aldora offers investors a tremendous opportunity to increase income by over 40% after light cosmetic unit updates, and capitalize on further upside by adding a 16th unit to the daylight basement and adding two large townhomes to alley-accessed parking lot. Aldora has been meticulously maintained and updated by the long-term owner, and is now available on the market for the first time in over 35 years. Don’t miss your chance to own this trophy asset.

Last Agent to Sell the Property

Winslow Lee

Kidder Mathews License #136708 Listed on: 09/19/2022

Last Buyer's Agent

Winslow Lee

Kidder Mathews License #136708 Listed on: 09/19/2022

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1997935

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $36,697

Year Built

  • Built in 1929

Lot Details

  • 9,626 Sq Ft Lot
  • Property is in very good condition

Property Views

  • Lake
  • City
  • Mountain

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 9,626 Sq Ft Home
  • 4-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet

Parking

  • 7 Parking Spaces
  • Open Parking

Community Details

  • No Home Owners Association
  • Eastlake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2902200035

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$36,697

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1929
  • Buyer Agency Compensation: 1.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 9626
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 1.5%
  • Special Features: None
  • Cumulative Days on Market: 556

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Carpet
  • Interior Amenities: High Efficiency - 90%+, Hardwood, Wall to Wall Carpet
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Coin Op Laundry

Exterior Features

  • Roof: Torch Down
  • View: City, Lake, Mountain(s)
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: No
  • PowerCompany: PSE
  • SewerCompany: SPU
  • WaterCompany: SPU
  • WaterSewerGarbage: 5559

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 5559

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2902200035
  • Lot Size Acres: 0.221
  • Lot Size Sq Ft: 9626
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County Parcel Viewer
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: High Efficiency - 90%+
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 30
  • LeasedItems: None
  • TotalMonthlyIncome: 23025

Multi Family

  • Gross Scheduled Income: 276000
  • Net Operating Income: 169370
  • Number Of Units Total: 2
  • Electric Expense: 5559
  • Insurance Expense: 9963
  • Leasable Area: 9626
  • EnergySource: Electric
  • UnitsInBuildingTotal: 15
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2022
  • Tax Annual Amount: 36697
  • AdditionalTaxIds: 2902200035

Range of Values:

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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
07/04/2025 07/04/25 Off Market $2,695 -- --
06/26/2025 06/26/25 Price Changed $2,695 +22.8% $4 / Sq Ft
06/20/2025 06/20/25 Price Changed $2,195 +15.8% $3 / Sq Ft
05/19/2025 05/19/25 Price Changed $1,895 +8.3% $3 / Sq Ft
05/17/2025 05/17/25 Price Changed $1,750 -32.6% $2 / Sq Ft
05/08/2025 05/08/25 Price Changed $2,595 +8.4% $3 / Sq Ft
05/03/2025 05/03/25 Price Changed $2,395 -6.1% $3 / Sq Ft
04/26/2025 04/26/25 Price Changed $2,550 +45.7% $3 / Sq Ft
04/19/2025 04/19/25 Price Changed $1,750 +20.7% $2 / Sq Ft
03/27/2025 03/27/25 Price Changed $1,450 -3.3% $2 / Sq Ft
03/20/2025 03/20/25 Price Changed $1,500 0.0% $2 / Sq Ft
03/20/2025 03/20/25 For Rent $1,500 -37.4% --
04/02/2024 04/02/24 Price Changed $2,395 +9.1% $3 / Sq Ft
03/25/2024 03/25/24 Price Changed $2,195 +25.4% $3 / Sq Ft
02/27/2024 02/27/24 Price Changed $1,750 -12.3% $2 / Sq Ft
02/21/2024 02/21/24 Price Changed $1,995 +14.0% $3 / Sq Ft
02/12/2024 02/12/24 Price Changed $1,750 +25.5% $2 / Sq Ft
02/12/2024 02/12/24 For Rent $1,394 0.0% --
08/11/2023 08/11/23 Sold $4,025,000 -12.5% $418 / Sq Ft
04/19/2023 04/19/23 Pending -- -- --
03/02/2023 03/02/23 Price Changed $4,600,000 0.0% $478 / Sq Ft
03/02/2023 03/02/23 For Sale $4,600,000 +14.3% $478 / Sq Ft
02/28/2023 02/28/23 Off Market $4,025,000 -- --
11/11/2022 11/11/22 Pending -- -- --
09/19/2022 09/19/22 For Sale $5,100,000 -- $530 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1997935

Northwest Multiple Listing Service (NWMLS)