Listed by Lee & Associates Commercial RE, Bought with RSVP Brokers ERA
NOT LISTED FOR SALE

2337 NE 55th St Seattle, WA 98105

Ravenna Neighborhood
-- Bed
-- Bath
4,900 Sq Ft
7,197 Sq Ft Lot

Last Sold February 01, 2023

Last sale price $1,600,000 $327 Per Sq Ft

22 Days on Market

Highlights

  • Territorial View
  • Wood Flooring
  • Thermal Windows
  • Bryant Elementary School Rated A
  • No HOA
  • Wood Siding

About This Home

As of February 2023

Located across the street from Ravenna Park, the Parkside features 7 large 1 & 2 bedroom units averaging 700 sf. Originally constructed in 1954 on a 7,197 sf LR3RC (M) zone lot, Parkside received updates over the years including a tile roof replacement, vinyl window replacements, and a newer boiler and central hot water systems. Current onsite parking is available for seven vehicles. Perfectly situated near, work, school and play, The Parkside Apartments offers investors the opportunity to acquire a stabilized asset with the ability to increase performance in the near term by recapturing significant loss-to-lease from below market rents. Additional lift can be achieved by implementing a full value-add program and renovating the units.

Last Agent to Sell the Property

Chris Larsen

Lee & Associates Commercial RE License #21016669 Listed on: 11/07/2022

Co-Listed By

Daniel Lim

Lee & Associates Commercial RE License #131121

Last Buyer's Agent

Si Yi

RSVP Brokers ERA License #86072

RSVP Brokers ERA

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2014899

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,482

Year Built

  • Built in 1954

Lot Details

  • 7,197 Sq Ft Lot
  • Property is in good condition

Home Design

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

Interior Spaces

  • 4,900 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Parking

  • 7 Parking Spaces
  • 1 Covered Space
  • Open Parking

Community Details

  • No Home Owners Association
  • Ravenna Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7172700036

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,482

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1954
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4900
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Flooring: Hardwood, Laminate, Carpet
  • Interior Amenities: Hardwood, Laminate, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,See Remarks,Thermal Windows

Exterior Features

  • Roof: Tile
  • View: Territorial
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • WaterSewerGarbage: 10595

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 7172700036
  • Lot Size Acres: 0.1652
  • Lot Size Sq Ft: 7197
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County Parcel Viewer
  • ZoningJurisdiction: City

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14.2
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 9932

Multi Family

  • Gross Scheduled Income: 123000
  • Net Operating Income: 70680
  • Number Of Units Total: 7
  • Insurance Expense: 2800
  • Leasable Area: 4900
  • EnergySource: Natural Gas
  • UnitsInBuildingTotal: 7
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2022
  • Tax Annual Amount: 19482
  • AdditionalTaxIds: 717270-0036

Range of Values:

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Average Value
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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
02/01/2023 02/01/23 Sold $1,600,000 -8.6% $327 / Sq Ft
11/29/2022 11/29/22 Pending -- -- --
11/07/2022 11/07/22 For Sale $1,750,000 -- $357 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chris Larsen

    Seller's Agent in 2023

    Chris Larsen

    Lee & Associates Commercial RE

    (925) 719-3480

    2 in this area

    15 Total Sales

    Chris Larsen
    Section Image
  • Daniel Lim

    Seller Co-Listing Agent in 2023

    Daniel Lim

    Lee & Associates Commercial RE

    (206) 928-2311

    2 in this area

    32 Total Sales

    Daniel Lim
    Section Image

  • S

    Buyer's Agent in 2023

    Si Yi

    Steven M Kloetsch

    (425) 519-3619

    1 in this area

    10 Total Sales

    Si Yi
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2014899

Northwest Multiple Listing Service (NWMLS)
Washington King County Seattle 98105 Ravenna

2337 NE 55th St, Seattle, WA

This home is located at 2337 NE 55th St, Seattle, WA 98105 since 07 November 2022. This property was built in 1954. 2337 NE 55th St is a home located in King County with nearby schools including Bryant Elementary School, Eckstein Middle School, and Roosevelt 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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