Listed by Northmarq Multifamily, LLC, Bought with Windermere Real Estate/East
$2,700,000
SOLD JUL 9, 2025
-- Bed
-- Bath
4,746 Sq Ft
5,680 Sq Ft Lot

Recently Sold

$569 Per Sq Ft

10% Below List Price

54 Days on Market

Highlights

  • Lake Front
  • Docks
  • Forced Air Heating and Cooling System
  • Montlake Elementary School Rated A
  • No HOA

About This Home

As of July 2025

We are pleased to present the Lakehouse Apartments in Seattle, a waterfront, multi-family property with available boat moorage. Built in 1924, the property has been well maintained and recently underwent renovations to the unit interiors and much of the exterior. Lakehouse Apartments features 7 units including 3 studio, 1 one-bedroom, and 3 two-bedroom units averaging 670 SF. Additional income is generated by the available boat moorage, with capability to accommodate four boats up to 60'. Nearby access to I-5 allows residents to quickly navigate the greater Seattle area.

Last Agent to Sell the Property

Taylor Wyman

Northmarq Multifamily, LLC License #113007 Listed on: 02/05/2025

Last Buyer's Agent

Anthony Guidotti

Windermere Real Estate/East License #17670

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2329901

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,847

Year Built

  • Built in 1924

Lot Details

  • 5,680 Sq Ft Lot
  • Lake Front

Home Design

  • Composition Roof
  • Wood Composite

Interior Spaces

  • 4,746 Sq Ft Home
  • 2-Story Property
  • Lake Views

Parking

  • 6 Parking Spaces
  • Open Parking

Schools

  • Montlake Elementary School
  • Meany Mid Middle School
  • Garfield High School

Additional Features

  • Docks
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Eastlake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1970200010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,847

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1924
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4746
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 48

Interior Features

  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: Lake
  • Lot Features: Paved
  • View: Yes
  • Waterfront Features: Lake, No Bank
  • Waterfront: Yes
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Available
  • Cooling: Forced Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • WaterSewerGarbage: 19301

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Garfield High
  • Middle Or Junior School: Meany Mid

Lot Info

  • Parcel Number: 1970200010
  • Lot Size Acres: 0.1304
  • Lot Size Sq Ft: 5680
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Dock
  • MLSLotSizeSource: County
  • MLSSquareFootageSource: County

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15.42
  • LeasedItems: None
  • TotalMonthlyIncome: 19437

Multi Family

  • Gross Scheduled Income: 232535
  • Net Operating Income: 157152
  • Number Of Units Total: 7
  • Insurance Expense: 6847
  • Leasable Area: 4689
  • EnergySource: Electric
  • UnitsInBuildingTotal: 7
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 16847

MLS Schools

  • Elementary School: Montlake

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Range of Values:

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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
07/09/2025 07/09/25 Sold $2,700,000 -10.0% $569 / Sq Ft
03/31/2025 03/31/25 Pending -- -- --
03/04/2025 03/04/25 For Sale $3,000,000 0.0% $632 / Sq Ft
02/13/2025 02/13/25 Pending -- -- --
02/06/2025 02/06/25 Price Changed $3,000,000 +900.0% $632 / Sq Ft
02/05/2025 02/05/25 For Sale $300,000 -- $63 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2329901

Northwest Multiple Listing Service (NWMLS)