Listed by Northmarq Multifamily, LLC, Bought with eXp Realty
NOT LISTED FOR SALE

3011 14th Ave W Seattle, WA 98119

North Queen Anne Neighborhood
6 Beds
6 Baths
3,600 Sq Ft
6,000 Sq Ft Lot

Last Sold October 29, 2021

Last sale price $1,480,000 $411 Per Sq Ft

55 Days on Market

About This Home

As of October 2021

Valley View Apartments is a well-cared for, stabilized asset with upside in one of Seattle’s most sought-after neighborhoods. Six spacious 600sf, 1b/1b units, updated over the years with new cabinets, quartz countertops, and updated appliances. Common laundry and a private landscaped backyard. Off-street parking and easy commuting.

Minimal deferred maintenance and room to increase performance and capture upside through modernizing interiors. Buyers can expect upwards of a 5.15% stabilized cap-rate and a 4.50% stabilized cash-on-cash return without much of the heavy lifting typically required in a value-add purchase.

Last Agent to Sell the Property

Matt Johnston

Northmarq Multifamily, LLC License #135732 Listed on: 04/16/2021

Co-Listed By

Casey Zejdlik

Pilot Ventures LLC License #88121

Last Buyer's Agent

Mason Hwu

eXp Realty License #20120880

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1758798

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,652

Year Built

  • Built in 1960

Lot Details

  • 6,000 Sq Ft Lot
  • Property is in good condition

Home Design

  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,600 Sq Ft Home
  • 3-Story Property

Parking

  • 5 Parking Spaces
  • Open Parking

Community Details

  • Queen Anne Subdivision

Listing and Financial Details

  • Legal Lot and Block 15 / 20
  • Assessor Parcel Number 2770603760

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,652

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1960
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3600
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 544

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 2399

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2770603760
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 6000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: KC Parcel Viewer
  • ZoningJurisdiction: County
  • ZoningClass: Residential
  • LotNumber: 15

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 8080

Multi Family

  • Gross Scheduled Income: 96240
  • Net Operating Income: 60922
  • Number Of Units Total: 6
  • Electric Expense: 2500
  • Insurance Expense: 2591
  • Leasable Area: 3600
  • EnergySource: Electric
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2020
  • Tax Annual Amount: 14652

Range of Values:

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Average Value
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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
10/29/2021 10/29/21 Sold $1,480,000 -2.3% $411 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
04/16/2021 04/16/21 For Sale $1,515,000 -- $421 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Matt Johnston

    Northmarq Multifamily, LLC

    Section Image

  • C

    Seller Co-Listing Agent in 2021

    Casey Zejdlik

    Pilot Ventures LLC

    Section Image
  • Mason Hwu

    Buyer's Agent in 2021

    Mason Hwu

    eXp Realty

    (206) 335-1778

    1 in this area

    77 Total Sales

    Mason Hwu
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1758798

Northwest Multiple Listing Service (NWMLS)
Washington King County Seattle 98119 North Queen Anne

3011 14th Ave W, Seattle, WA

This home is located at 3011 14th Ave W, Seattle, WA 98119 since 16 April 2021. This property was built in 1960. 3011 14th Ave W is a home located in King County with nearby schools including Coe Elementary School, Mcclure Middle School, and Lincoln 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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