NOT LISTED FOR SALE

Estimated Value: $967,000 - $1,408,311

11 Beds
9 Baths
5,429 Sq Ft
$227/Sq Ft Est. Value

Last Sold January 22, 2024

Last sale price $1,360,000 $251 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $7,590/month

22 Days on Market

Highlights

  • 0.54 Acre Lot
  • Vinyl Plank Flooring
  • Baseboard Heating
  • No HOA
  • Forced Air Heating System
  • Property is Fully Fenced

About This Home

As of January 2024

Located in the vibrant city of Tukwila, this 7-unit Multifamily property presents an opportunity for savvy investors seeking to capitalize on the region's growing rental market. This property is comprised of a SFH, a Triplex, a Duplex, and a charming Cottage, offering a diverse mix of rental options to cater to a wide range of tenants. There is ample parking, ensuring convenience for residents and eliminating the hassle of street parking. Moreover, the property offers the potential to increase total rental income by 16% providing a substantial boost to your investment returns.

Last Agent to Sell the Property

Ray Senn

The Foundation Group LLC License #22019136 Listed on: 11/16/2023

Co-Listed By

Erich Bubbel

COMPASS License #117941

Last Buyer's Agent

Ray Senn

The Foundation Group LLC License #22019136 Listed on: 11/16/2023

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2180682

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,633

Year Built

  • Built in 1970

Lot Details

  • 0.54 Acre Lot
  • Property is Fully Fenced
  • Property is in good condition

Home Design

  • Wood Composite

Interior Spaces

  • 5,429 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl Plank

Parking

  • 14 Parking Spaces
  • Open Parking

Schools

  • Thorndyke Elementary School
  • Showalter Mid Middle School
  • Foster Snr High School

Utilities

  • Forced Air Heating System
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Tukwila Subdivision

Listing and Financial Details

  • Tax Lot 0041000536
  • Assessor Parcel Number 0041000536

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,633

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1970
  • Buyer Agency Compensation: 2.50
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5429
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: See Remarks
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: See Remarks
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 14
  • Open Parking: Yes
  • Total Parking Spaces: 14
  • ParkingUncoveredSpaces: 14

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Forced Air
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: Public
  • WaterCompany: Public
  • WaterSewerGarbage: 10988

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tukwila
  • High School: Foster Snr High
  • Middle Or Junior School: Showalter Mid

Lot Info

  • Parcel Number: 0041000536
  • Lot Size Acres: 0.5355
  • Lot Size Sq Ft: 23325
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully
  • MLSLotSizeSource: County Records
  • MLSSquareFootageSource: County Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 0041000536

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11.19
  • LeasedItems: None
  • TotalMonthlyIncome: 10803

Multi Family

  • Gross Scheduled Income: 129630
  • Net Operating Income: 83563
  • Number Of Units Total: 7
  • Insurance Expense: 3592
  • Leasable Area: 5429
  • EnergySource: Electric
  • UnitsInBuildingTotal: 7
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2023
  • Tax Annual Amount: 9633
  • AdditionalTaxIds: 0041000536

MLS Schools

  • Elementary School: Thorndyke Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2023
Closed on
Jan 18, 2024
Sold by
Tukwila 7 Plex Llc
Bought by
Luny Llc
Seller's Agent
Ray Senn
The Foundation Group LLC
Buyer's Agent
Ray Senn
The Foundation Group LLC
List Price
$1,450,000
Sold Price
$1,360,000
Premium/Discount to List
-$90,000
-6.21%
Views
28
Current Estimated Value
$1,230,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$129,922
Avg. Annual Appreciation
-5.77%

Purchase Details

Closed on
Dec 2, 2021
Sold by
Jamax Associates Llc
Bought by
Tukwila 7 Plex Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
3.09%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 29, 2003
Sold by
Dunstan Thomas E
Bought by
Jamax Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
5.97%

Purchase Details

Closed on
Dec 30, 1999
Sold by
Dunstan Janet J
Bought by
Dunstan Thomas E

Purchase Details

Closed on
Jul 28, 1994
Sold by
Klein George W and Klein Helen N
Bought by
Dunstan Thomas E and Dunstan Janet J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
8.65%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 18, 1968
Sold by
Wayman Florence D
Bought by
Klein George W and Klein Helen N
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Luny Llc $1,360,000 Stewart Title
Tukwila 7 Plex Llc $1,100,000 Fidelity National Title
Jamax Associates Llc $510,000 Chicago Title
Dunstan Thomas E -- --
Dunstan Thomas E $240,000 --
Klein George W -- Pioneer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tukwila 7 Plex Llc $1,050,000
Previous Owner Jamax Associates Llc $382,500
Previous Owner Dunstan Thomas E $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2024 01/22/24 Sold $1,360,000 -6.2% $251 / Sq Ft
12/08/2023 12/08/23 Pending -- -- --
11/16/2023 11/16/23 For Sale $1,450,000 -- $267 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

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 $12,815 $999,000 $354,000 $645,000
2023 $9,642 $872,000 $324,000 $548,000
2022 $9,579 $896,000 $342,000 $554,000
2021 $8,370 $774,000 $298,000 $476,000
2020 $8,004 $681,000 $262,000 $419,000
2018 $9,447 $802,000 $198,000 $604,000
2017 $8,098 $693,000 $178,000 $515,000
2016 $7,306 $611,000 $161,000 $450,000
2015 $6,733 $570,000 $154,000 $416,000
2014 -- $507,000 $139,000 $368,000
2013 -- $424,000 $126,000 $298,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2180682

Northwest Multiple Listing Service (NWMLS)

APN: 004100-0536