Listed by RE/MAX Integrity
$1,740,000
$60K PRICE DROP

4509 Eastern Ave N Unit 1-3 Seattle, WA 98103

Wallingford Neighborhood

Estimated payment $11,157/month

Total Views 3,604
6 Beds
3 Baths
3,300 Sq Ft
$527 Price per Sq Ft

Highlights

  • Territorial View
  • No HOA
  • Forced Air Heating and Cooling System
  • Hamilton International Middle School Rated A
  • Thermal Windows
  • Ceramic Tile Flooring

About This Home

Prime Wallingford triplex ideally situated in a vibrant business and shopping district with convenient access to I-5. Each unit bright and spacious 2-bedroom, 1-bath. Features a durable Marblecrete exterior. Boasting a remarkable walk score of 93, the property is just steps from restaurants, shops, a grocery store, Greenlake, and Woodland Park. Highly desirable and easy to rent, with units rarely vacant. Current income, expenses, and CAP rate reflect strong financial performance. Three garage spaces are rented separately (1-owner, 2-$150, 3-$270). On-site laundry with a free washer and dryer for tenants. Basement has maintenance storage 500 sf. Enjoy a private courtyard on the side of the building and a rear yard for added outdoor space.

Last Listed By

Nona Adams

RE/MAX Integrity License #51002 Listed on: 03/26/2025

RE/MAX Integrity

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2349821

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,237

Year Built

  • Built in 1974

Lot Details

  • 6,840 Sq Ft Lot
  • Lot Dimensions are 60' x 114
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Triplex
  • Slab Foundation
  • Bitumen Roof
  • Stucco

Interior Spaces

  • 3,300 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 11 Parking Spaces
  • 3 Covered Spaces
  • Open Parking

Schools

  • Green Lake Elementary School
  • Hamilton Mid Middle School
  • Lincoln High School

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Wallingford Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0510001290

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,237

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1974
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 3300
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 30

Interior Features

  • Possible Use: Commercial
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Ceramic Tile
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Basement,Thermal Windows

Exterior Features

  • Roof: Torch Down
  • View: Territorial
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Stucco
  • Exterior Features: Stucco
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 11
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: Forced Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Forced Air
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 6360

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Lincoln High
  • Middle Or Junior School: Hamilton Mid

Lot Info

  • Parcel Number: 0510001290
  • Lot Size Acres: 0.157
  • Lot Size: 60' x 114
  • Lot Size Sq Ft: 6840
  • Zoning Description: Commercial
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: County

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Wood

Rental Info

  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 9060

Multi Family

  • Gross Scheduled Income: 108720
  • Net Operating Income: 73751
  • Number Of Units Total: 5
  • Electric Expense: 4610
  • Insurance Expense: 2300
  • Leasable Area: 3300
  • EnergySource: Electric,Wood
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2024
  • Tax Annual Amount: 17237

MLS Schools

  • Elementary School: Green Lake

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 $16,957 $1,739,000 $923,000 $816,000
2023 $16,676 $1,806,000 $905,000 $901,000
2022 $15,632 $1,951,000 $823,000 $1,128,000
2021 $14,508 $1,681,000 $725,000 $956,000
2020 $14,549 $1,479,000 $697,000 $782,000
2018 $13,544 $1,546,000 $733,000 $813,000
2017 $11,919 $1,354,000 $642,000 $712,000
2016 $11,091 $1,230,000 $583,000 $647,000
2015 $9,443 $1,117,000 $531,000 $586,000
2014 -- $970,000 $477,000 $493,000
2013 -- $852,000 $420,000 $432,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2025 06/04/25 Price Changed $1,740,000 0.0% $527 / Sq Ft
06/04/2025 06/04/25 For Sale $1,740,000 -3.3% $527 / Sq Ft
04/11/2025 04/11/25 Pending -- -- --
03/26/2025 03/26/25 For Sale $1,800,000 -- $545 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,040,000 First American
Warranty Deed $386,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $627,000 New Conventional
Closed $679,000 New Conventional
Previous Owner $347,400 No Value Available
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2349821

Northwest Multiple Listing Service (NWMLS)

APN: 051000-1290