Listed by Northmarq Multifamily, LLC
$2,875,000

Estimated payment $17,686/month

21 Beds
11 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 0.2 Acre Lot
  • Canal View
  • Thermal Windows
  • Coe Elementary School Rated A
  • No HOA
  • Ceramic Tile Flooring

About This Home

We are pleased to present the 608 W Emerson Apartments, located along W Emerson St in North Queen Anne, walking distance from Seattle Pacific University. All units were upgraded in 2016, including updated kitchens with new finishes and fully upgraded bathrooms with modern fixtures and motion sensor fans. The property is being listed 100% vacant, providing an excellent opportunity to renovate all 10 units with modern finishes and achieve higher rents. It includes a laundry facility, balconies with views, 14 uncovered parking spaces, mature landscaping, and storage space. The asset stabilizes to a 7.42% cap on cost and a 9.42% cash on cash return at $2.875M ($287,500/unit; $376/SF).

Listing Agent

Taylor Wyman

Northmarq Multifamily, LLC License #113007 Listed on: 07/17/2025

Co-Listing Agent

Steve Fischer

Northmarq Multifamily, LLC License #87455

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2409472

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,147

Year Built

  • Built in 1975

Home Design

  • Bitumen Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3-Story Property
  • Thermal Windows
  • Canal Views

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 21 Bedrooms
  • 11 Bathrooms

Parking

  • 14 Parking Spaces
  • Open Parking

Additional Features

  • 8,800 Sq Ft Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Queen Anne Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7443000775

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,147

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1975
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 21
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry,Storage,Thermal Windows

Exterior Features

  • Roof: Torch Down
  • View: Canal
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Construction Type: Concrete, Stucco, Wood
  • Exterior Features: Cement/Concrete, Stucco, Wood
  • 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
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterSewerGarbage: 17151

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 7443000775
  • Lot Size Acres: 0.202
  • Lot Size Sq Ft: 8800
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: King County

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11.92
  • LeasedItems: None
  • TotalMonthlyIncome: 22848

Multi Family

  • Gross Scheduled Income: 241800
  • Net Operating Income: 186693
  • Number Of Units Total: 10
  • Insurance Expense: 8500
  • Leasable Area: 7650
  • EnergySource: Electric
  • UnitsInBuildingTotal: 10
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2025
  • Tax Annual Amount: 21147

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

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 For Sale $2,875,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2409472

Northwest Multiple Listing Service (NWMLS)