Listed by Westlake Associates, Inc.
$2,100,000

Estimated payment $13,023/month

Total Views 3,827
-- Bed
-- Bath
5,400 Sq Ft
$389 Price per Sq Ft

Highlights

  • No HOA
  • Forced Air Heating System
  • Wood Siding
  • McGilvra Elementary School Rated A

About This Home

Discover an exceptional investment opportunity on a stately, tree-lined street in highly coveted Madison Park. This unique classic five-unit property offers the quintessential blend of old-world charm and long-term investment appeal, just blocks from Broadmoor Golf Course, Seattle Tennis Club, the Japanese Garden, upscale shopping, and Lake Washington access. This offering provides significant value-add potential and the unique opportunity for an owner to occupy the charming cottage while generating substantial income from the other units.

Listing Agent

Travis Kannier

Westlake Associates, Inc. License #79950 Listed on: 06/25/2025

Co-Listing Agent

Ian Brown

Capstone Commercial License #48896

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2398247

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,300

Year Built

  • Built in 1907

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Wood Siding
  • Stucco

Interior Spaces

  • 5,400 Sq Ft Home
  • 2-Story Property

Additional Features

  • 7,440 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Madison Valley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5017000325

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,300

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1907
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 5400
  • Special Features: None
  • Cumulative Days on Market: 48

Interior Features

  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Flat
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Stucco, Wood
  • Exterior Features: Stucco, Wood
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • WaterSewerGarbage: 9290

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 5017000325
  • Lot Size Acres: 0.1708
  • Lot Size Sq Ft: 7440
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: KCA
  • MLSSquareFootageSource: KCA
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15.2
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 11515

Multi Family

  • Gross Scheduled Income: 138180
  • Net Operating Income: 91081
  • Number Of Units Total: 5
  • Insurance Expense: 6600
  • Leasable Area: 5400
  • EnergySource: Electric
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2025
  • Tax Annual Amount: 18300

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 $18,300 $1,876,000 $1,339,200 $536,800
2023 $19,695 $2,155,000 $1,339,200 $815,800
2022 $19,858 $2,314,000 $967,200 $1,346,800
2021 $22,066 $2,152,000 $967,200 $1,184,800
2020 $21,317 $2,284,000 $892,800 $1,391,200
2018 $20,404 $2,287,000 $669,600 $1,617,400
2017 $16,645 $2,066,000 $595,200 $1,470,800
2016 $14,131 $1,736,000 $595,200 $1,140,800
2015 -- $1,433,000 $595,200 $837,800
2014 -- $1,000,000 $595,200 $404,800
2013 -- $1,000,000 $595,200 $404,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 For Sale $2,100,000 -- $389 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,684,250 First American
Warranty Deed $1,595,000 Chicago Title
Warranty Deed $850,000 Commonwealth L
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $845,000 No Value Available
Previous Owner $187,000 No Value Available
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2398247

Northwest Multiple Listing Service (NWMLS)

APN: 501700-0325