Listed by Lee & Associates Commercial RE
NOT LISTED FOR SALE
-- Bed
-- Bath
4,410 Sq Ft
5,650 Sq Ft Lot

Sale Details

Date Sold: December 27, 2024

Last sale price $1,450,000 $329 Per Sq Ft

70 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Wall to Wall Carpet
  • Coe Elementary School Rated A
  • Partially Fenced Property

About This Home

As of December 2024

DravusApartments, a six-unit apartment building in West Queen Anne. Centrally positioned between Ballard, Fremont, South Lake Union and Downtown Seattle. The property features an attractive unit mix consisting of two 1-bedroom, four 2-bedrooms, and featuring a spacious average of 735sf. The building also boasts personal deck space, and an abundance of parking with 11 total spots both above and below the building. By updating the units and modernizing the systems and amenities, investors are poised to realize a near 39% potential rental upside. DravusApartments makes an excellent investment for investors who are looking to secure a prime location and maximize their returns through a strategic value-add play.

Last Agent to Sell the Property

Chris Larsen

Lee & Associates Commercial RE License #21016669 Listed on: 06/10/2024

Co-Listed By

Dea Sumantri

Lee & Associates Commercial RE License #21001837

Last Buyer's Agent

Dea Sumantri

Lee & Associates Commercial RE License #21001837

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2250173

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,092

Year Built

  • Built in 1967

Lot Details

  • 5,650 Sq Ft Lot
  • Partially Fenced Property

Parking

  • Open Parking

Interior Spaces

  • 4,410 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate

Schools

  • Seattle Public Sch Elementary School
  • Mc Clure Mid Middle School
  • Lincoln High School

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Queen Anne Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2770603570

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,092

Year Built

Built in 1967

Lot Details

5,650 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1967
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 4410
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Laminate Hardwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry,See Remarks,Storage

Exterior Features

  • Roof: See Remarks
  • Lot Features: Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: See Remarks

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 12

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: Public
  • WaterCompany: Water District

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Lincoln High
  • Middle Or Junior School: Mc Clure Mid

Lot Info

  • Parcel Number: 2770603570
  • Lot Size Acres: 0.1297
  • Lot Size Sq Ft: 5650
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13.1
  • LeasedItems: None
  • TotalMonthlyIncome: 10620

Tax Info

  • Year: 2024
  • Tax Annual Amount: 17092
  • AdditionalTaxIds: 2770603570

Multi Family

  • Number Of Units Total: 6
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Seattle Public Sch

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2024
Closed on
Dec 10, 2024
Sold by
Bought by
Seller's Agent
Chris Larsen
Lee & Associates Commercial RE
Buyer's Agent
Dea Sumantri
Lee & Associates Commercial RE
List Price
$1,650,000
Sold Price
$1,450,000
Premium/Discount to List
-$200,000
-12.12%
Views
18

Purchase Details

Closed on
Mar 28, 2024
Sold by
Bought by

Purchase Details

Closed on
Jan 20, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
0.0586%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,450,000 Fidelity National Title
$313 None Listed On Document
$313 None Listed On Document
$598,100 Pacific Nw Tit
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/04/2025 10/04/25 Off Market $2,450 -- --
08/14/2025 08/14/25 Price Changed $2,450 +2.1% $4 / Sq Ft
08/11/2025 08/11/25 Price Changed $2,400 +37.1% $4 / Sq Ft
08/07/2025 08/07/25 Price Changed $1,750 -2.8% $3 / Sq Ft
06/13/2025 06/13/25 Price Changed $1,800 -26.5% $3 / Sq Ft
06/12/2025 06/12/25 Price Changed $2,450 +28.9% $4 / Sq Ft
05/01/2025 05/01/25 For Rent $1,900 0.0% --
12/27/2024 12/27/24 Sold $1,450,000 -12.1% $329 / Sq Ft
08/19/2024 08/19/24 Pending -- -- --
06/10/2024 06/10/24 For Sale $1,650,000 -- $374 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $15,700 $1,450,000 $988,700 $461,300
2024 $16,052 $1,611,000 $988,700 $622,300
2023 $17,092 $1,761,000 $988,700 $772,300
2022 $16,527 $1,969,000 $847,500 $1,121,500
2021 $20,508 $1,756,000 $847,500 $908,500
2020 $18,500 $2,100,000 $847,500 $1,252,500
2018 $14,640 $1,592,000 $706,200 $885,800
2017 $13,405 $1,450,000 $593,200 $856,800
2016 $11,326 $1,373,000 $536,700 $836,300
2015 $9,740 $1,137,000 $536,700 $600,300
2014 -- $997,000 $508,500 $488,500
2013 -- $906,000 $480,200 $425,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2250173

Northwest Multiple Listing Service (NWMLS)
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