Listed by Westlake Associates, Inc.
$1,525,000
$75K PRICE DROP

Estimated payment $8,974/month

Total Views 6,454
3 Beds
4 Baths
2,762 Sq Ft
$552 Price per Sq Ft

Highlights

  • Softwood Flooring
  • No HOA
  • Wood Siding
  • Montlake Elementary School Rated A

About This Home

This rare 4 Unit Eastlake property is located in one of Seattle’s most coveted neighborhoods just blocks from South Lake Union and Seattle’s technology hub. The building was fully renovated down to the studs in 2014. This extensive renovation enhanced the charm of the units that include many tasteful period upgrades. The interiors have been updated with new attractive kitchen cabinets, fixture, appliances and each unit have its own laundry and separate entrance. The units have high ceilings with exceptional lighting. The systems of the building have been replaced with all new electrical services, wiring, plumbing and quick recovery water tanks.

Listing Agent

Travis Kannier

Westlake Associates, Inc. License #79950 Listed on: 03/27/2025

Co-Listing Agent

Ian Brown

Capstone Commercial License #48896

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2351497

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,188

Year Built

  • Built in 1910

Lot Details

  • 2,010 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,762 Sq Ft Home
  • 2-Story Property

Flooring

  • Softwood
  • Carpet
  • Vinyl Plank
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Community Details

  • No Home Owners Association
  • Eastlake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2902200043

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,188

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1910
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 2762
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Softwood, Vinyl, Vinyl Plank, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating Yn: Yes
  • WaterSewerGarbage: 4500

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2902200043
  • Lot Size Acres: 0.0461
  • Lot Size Sq Ft: 2010
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: King County Assessor
  • MLSSquareFootageSource: King County Assessor
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 17.35
  • LeasedItems: None
  • TotalMonthlyIncome: 7325

Multi Family

  • Gross Scheduled Income: 87900
  • Net Operating Income: 66117
  • Number Of Units Total: 4
  • Insurance Expense: 1500
  • Leasable Area: 2762
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 4395

Tax Info

  • Year: 2024
  • Tax Annual Amount: 10188

Map

Range of Values:

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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 $10,189 $1,066,000 $542,700 $523,300
2023 $11,500 $1,231,000 $542,700 $688,300
2022 $12,272 $1,155,000 $482,400 $672,600
2021 $13,621 $1,354,000 $482,400 $871,600
2020 $13,697 $1,431,000 $522,600 $908,400
2018 $11,713 $1,293,000 $402,000 $891,000
2017 $9,827 $1,200,000 $281,400 $918,600
2016 $8,159 $1,039,000 $156,700 $882,300
2015 $6,731 $839,000 $156,700 $682,300
2014 -- $706,000 $156,700 $549,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2025 03/31/25 Price Changed $1,525,000 -4.7% $552 / Sq Ft
03/27/2025 03/27/25 For Sale $1,600,000 +68.4% $579 / Sq Ft
11/20/2014 11/20/14 Sold $950,000 -2.1% $396 / Sq Ft
10/07/2014 10/07/14 Pending -- -- --
10/02/2014 10/02/14 For Sale $969,999 -- $404 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $950,000 First American
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $712,500 No Value Available
Previous Owner $3,900,000 Unknown
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2351497

Northwest Multiple Listing Service (NWMLS)

APN: 290220-0043