Listed by Lee & Associates Commercial RE
$1,345,000

Estimated payment $8,290/month

Total Views 1,895
4 Beds
4 Baths
3,888 Sq Ft
$346 Price per Sq Ft

Highlights

  • Canal View
  • Corner Lot
  • Baseboard Heating
  • Coe Elementary School Rated A
  • No HOA
  • 4-minute walk to West Ewing Mini Park

About This Home

This fourplex, built in 1956 has all 1 BR 1BA units averaging 566SF. Currently 100% vacant, there is an the opportunity to immediately lease-up at market rents or renovate the units to achieve even higher income potential. The property has received system updates including roof (2008), vinyl windows, and copper/PEX plumbing. A large common area with laundry and storage, connected to the garage, offers a potential opportunity to add two more units (buyer to verify). The adjacent parcel with a duplex is also available, for a total of six units and 8,800 LSF zoned MIO-37-LR3 RC (M). This opportunity is ideal for an owner-occupant or investors seeking a well-located property with long-term upside.

Listing Agent

Daniel Lim

Lee & Associates Commercial RE License #131121 Listed on: 07/11/2025

Lee & Associates Commercial RE

Co-Listing Agent

Candice Chevaillier, CCIM

Lee & Associates Commercial RE License #18886

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2405506

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,343

Year Built

  • Built in 1956

Lot Details

  • 4,800 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Poured Concrete
  • Wood Composite

Interior Spaces

  • 3,888 Sq Ft Home
  • 2-Story Property
  • Canal Views

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Frantz Coe 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 7443000756

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,343

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1956
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 3888
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Flat
  • View: Canal
  • Lot Features: Corner Lot
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 4800

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

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

Lot Info

  • Parcel Number: 7443000756
  • Lot Size Acres: 0.1102
  • Lot Size Sq Ft: 4800
  • 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: 15.97
  • LeasedItems: None
  • TotalMonthlyIncome: 6703

Multi Family

  • Gross Scheduled Income: 84228
  • Net Operating Income: 62096
  • Number Of Units Total: 4
  • Insurance Expense: 3200
  • Leasable Area: 2265
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2025
  • Tax Annual Amount: 10343

MLS Schools

  • Elementary School: Frantz Coe Elementary

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 $522 $1,129,000 $1,128,000 $1,000
2023 $592 $1,243,000 $1,128,000 $115,000
2022 $559 $1,194,000 $840,000 $354,000
2021 $522 $1,154,000 $840,000 $314,000
2020 $487 $0 $0 $0
2018 $423 $0 $0 $0
2017 $385 $1,016,000 $624,000 $392,000
2016 $352 $888,000 $480,000 $408,000
2015 -- $713,000 $480,000 $233,000
2014 -- $629,000 $432,000 $197,000
2013 -- $583,000 $408,000 $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 For Sale $1,345,000 -- $346 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $230,000 Stewart Title Company
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2405506

Northwest Multiple Listing Service (NWMLS)

APN: 744300-0756