Listed by COMPASS
$1,650,000

Estimated payment $10,130/month

Total Views 2,716
-- Bed
-- Bath
3,800 Sq Ft
$434 Price per Sq Ft

Highlights

  • Mountain View
  • Wood Flooring
  • Patio
  • Mcclure Middle School Rated A-
  • No HOA
  • Baseboard Heating

About This Home

Discover the perfect investment opportunity with this meticulously and tastefully renovated mid-century Magnolia 4-plex. Every aesthetic and mechanical detail has been thoughtfully addressed, ensuring lasting quality and pride of ownership for years to come. Stylish units feature modern kitchens with stainless steel appliances, slab countertops, and solid wood designer cabinets, along with skylights, custom tiled showers with granite accents, and private decks or patios. Off-street parking for 8 vehicles, this property is as practical as it is appealing. Conveniently located near Magnolia’s amenities, Ballard, S. Lake Union, and downtown Seattle, this income-generating property sits on a 6,000 sq. ft. LR1-zoned lot. Don't miss out!

Listing Agent

Chris Koehler

COMPASS License #134543 Listed on: 06/03/2025

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2387014

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,054

Year Built

  • Built in 1967

Lot Details

  • 6,000 Sq Ft Lot
  • Partially Fenced Property

Property Views

  • Mountain
  • Limited

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Poured Concrete
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 3,800 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Magnolia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2770602110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,054

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1967
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 3800
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Concrete, Hardwood, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Storage

Exterior Features

  • Roof: Flat, Torch Down
  • View: Mountain(s), Partial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Available
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 5000

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2770602110
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 6000
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Public

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14.7
  • LeasedItems: None
  • TotalMonthlyIncome: 9315

Multi Family

  • Gross Scheduled Income: 111780
  • Net Operating Income: 82927
  • Number Of Units Total: 4
  • Electric Expense: 930
  • Insurance Expense: 1869
  • Leasable Area: 3500
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 16054

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 $13,044 $1,297,000 $990,000 $307,000
2023 $12,568 $1,660,000 $990,000 $670,000
2022 $11,817 $1,429,000 $810,000 $619,000
2021 $13,683 $1,235,000 $810,000 $425,000
2020 $13,484 $1,378,000 $810,000 $568,000
2018 $11,168 $1,209,000 $720,000 $489,000
2017 $10,301 $1,096,000 $600,000 $496,000
2016 $8,447 $1,046,000 $510,000 $536,000
2015 $7,275 $830,000 $510,000 $320,000
2014 -- $728,000 $450,000 $278,000
2013 -- $689,000 $390,000 $299,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2025 06/03/25 For Sale $1,650,000 -0.6% $434 / Sq Ft
05/31/2022 05/31/22 Sold $1,660,000 -1.2% $437 / Sq Ft
05/13/2022 05/13/22 Pending -- -- --
05/04/2022 05/04/22 For Sale $1,680,000 -- $442 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,660,000 Old Republic Title
Warranty Deed $495,000 Commonwealth L
Warranty Deed -- Pacific Nw Title
Warranty Deed $300,000 Transnation Title Insurance
Warranty Deed -- Commonwealth Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,162,000 New Conventional
Previous Owner $340,000 No Value Available
Previous Owner $371,250 No Value Available
Previous Owner $210,000 No Value Available
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2387014

Northwest Multiple Listing Service (NWMLS)

APN: 277060-2110