NOT LISTED FOR SALE

55 1st Ave NW Unit 5-8 Issaquah, WA 98027

Olde Town Neighborhood
-- Bed
-- Bath
-- Sq Ft
7,480 Sq Ft Lot

Last Sold October 01, 2019

Last sale price $1,040,000

53 Days on Market

About This Home

As of October 2019

Value-Add opportunity in the highly sought after Issaquah market. Immediate upside potential in rents, with additional upside with some cosmetic updates to the property. Located a block off Front Street, close to shopping, restaurants, amenities and entertainment.

Last Agent to Sell the Property

Pat Suarez

Urban Commercial Partners, LLC License #17191 Listed on: 07/10/2019

Co-Listed By

Tyler Bretz, CCIM

Urban Commercial Partners, LLC License #23000464

Last Buyer's Agent

Kevin Harasimowicz

RE/MAX Metro Realty, Inc. License #102801

RE/MAX Metro Realty, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1488486

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,933

Year Built

  • Built in 1962

Lot Details

  • 7,480

Home Design

  • Quadruplex
  • Flat Roof Shape

Parking

  • 6 Parking Spaces
  • Open Parking

Additional Features

  • 2-Story Property
  • 7,480 Sq Ft Lot

Community Details

  • Issaquah Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2824069270

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,933

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1962
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 313

Interior Features

  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Cement/Concrete
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 6238

Schools

  • Junior High Dist: Issaquah

Lot Info

  • Parcel Number: 2824069270
  • Lot Size Acres: 0.1717
  • Lot Size Sq Ft: 7480
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: KCR

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 5198

Multi Family

  • Gross Scheduled Income: 62374
  • Net Operating Income: 41965
  • Number Of Units Total: 4
  • Insurance Expense: 1895
  • Leasable Area: 3200
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2019
  • Tax Annual Amount: 6933

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

Property History

Date Event Price Change Sq Ft Price
10/01/2019 10/01/19 Sold $1,040,000 -1.0% --
09/01/2019 09/01/19 Pending -- -- --
08/05/2019 08/05/19 For Sale $1,050,000 0.0% --
07/23/2019 07/23/19 Pending -- -- --
07/10/2019 07/10/19 For Sale $1,050,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Pat Suarez

    Seller's Agent in 2019

    Pat Suarez

    Urban Commercial Partners, LLC

    (206) 226-6200

    1 in this area

    17 Total Sales

    Pat Suarez
    Section Image
  • Tyler Bretz, CCIM

    Seller Co-Listing Agent in 2019

    Tyler Bretz, CCIM

    Urban Commercial Partners, LLC

    7 Total Sales

    Tyler Bretz, CCIM
    Section Image

  • K

    Buyer's Agent in 2019

    Kevin Harasimowicz

    RE/MAX

    (206) 910-5288

    62 Total Sales

    Kevin Harasimowicz
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1488486

Northwest Multiple Listing Service (NWMLS)

Washington King County Issaquah 98027 Olde Town

55 1st Ave NW Unit 5-8, Issaquah, WA

This home is located at 55 1st Ave NW Unit 5-8, Issaquah, WA 98027 since 10 July 2019. This property was built in 1962. 55 1st Ave NW Unit 5-8 is a home located in King County with nearby schools including Issaquah Valley Elementary School, Issaquah Middle School, and Issaquah 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) 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. ©2025 NWMLS.

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