Listed by Kidder Mathews
NOT LISTED FOR SALE

518 N 43rd St Unit 1-10 Seattle, WA 98103

Fremont Neighborhood
-- Bed
-- Bath
6,750 Sq Ft
7,500 Sq Ft Lot

Last Sold December 01, 2021

Last sale price $2,950,000 $437 Per Sq Ft

12 Days on Market

Highlights

  • City View
  • Corner Lot
  • Thermal Windows
  • B.F. Day Elementary School Rated A-

About This Home

As of December 2021

Located on a corner lot in Seattle’s desirable Fremont neighborhood, the Sunnyside Apartments is a value-add apartment community featuring seller financing (to a qualified buyer) and priced at less than $300,000 per unit. With an excellent unit mix of nine one-bedroom units and one three-bedroom unit, the Sunnyside offers tenants spacious open floor plans, ample closet space, and views from select units. While profitable in its current operations, a new operator could likely achieve income upside of approximately 11% with turnover and basic unit remodels. With a more robust value-add strategy that includes updating cabinets and flooring, income could possibly be increased by even more.

Last Agent to Sell the Property

Dan Swanson

Kidder Mathews License #13533 Listed on: 10/14/2021

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1853559

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,149

Year Built

  • Built in 1963

Lot Details

  • 7,500 Sq Ft Lot
  • Corner Lot

Property Views

  • City
  • Limited

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Stucco

Interior Spaces

  • 6,750 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Parking

  • 7 Parking Spaces
  • Open Parking

Schools

  • Bf Day Elementary School
  • Hamilton Mid Middle School
  • Lincoln High School

Community Details

  • Fremont Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5693500885

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,149

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1963
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 6750
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Interior Amenities: Forced Air
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage,Thermal Windows

Exterior Features

  • Roof: Flat
  • View: City, Partial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Cement/Concrete, Stucco
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 10142

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Parcel Number: 5693500885
  • Lot Size Acres: 0.1722
  • Lot Size Sq Ft: 7500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: county records
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 190200
  • Net Operating Income: 125212
  • Number Of Units Total: 10
  • Insurance Expense: 5960
  • Leasable Area: 6123
  • EnergySource: Electric
  • UnitsInBuildingTotal: 10
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2021
  • Tax Annual Amount: 24149

MLS Schools

  • Elementary School: Bf Day

Range of Values:

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Average Value
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Sold Price
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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 List to Sale Price per Sq Ft
12/01/2021 12/01/21 Sold $2,950,000 0.0% $437 / Sq Ft
10/26/2021 10/26/21 Pending -- -- --
10/14/2021 10/14/21 For Sale $2,950,000 -- $437 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dan Swanson

    Seller's Agent in 2021

    Dan Swanson

    Kidder Mathews

    (425) 444-6501

    5 in this area

    56 Total Sales

    Dan Swanson
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1853559

Northwest Multiple Listing Service (NWMLS)
Washington King County Seattle 98103 Fremont

518 N 43rd St Unit 1-10, Seattle, WA

This home is located at 518 N 43rd St Unit 1-10, Seattle, WA 98103 since 14 October 2021. This property was built in 1963. 518 N 43rd St Unit 1-10 is a home located in King County with nearby schools including B.F. Day Elementary School, Hamilton International Middle School, and Lincoln High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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