Listed by Westlake Associates, Inc.
$1,950,000
SOLD JAN 29, 2026
-- Bed
-- Bath
5,400 Sq Ft
7,440 Sq Ft Lot

Recently Sold

$361 Per Sq Ft

7% Below List Price

Highlights

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

About This Home

As of January 2026

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.

Last Agent to Sell the Property

Travis Kannier

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

Co-Listed By

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

7,440 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1907
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5400
  • Special Features: None

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

Utilities

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

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
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

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

Tax Info

  • Year: 2025
  • Tax Annual Amount: 18300

Multi Family

  • Number Of Units Total: 5
  • EnergySource: Electric
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2014
Sold by
Bjorklund Properties Llc
Bought by
Pappas Stephen Robert and Pappas Family Trust

Purchase Details

Closed on
Mar 17, 2008
Sold by
Peck Julie L
Bought by
Bjorklund Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$845,000
Interest Rate
5.65%

Purchase Details

Closed on
May 16, 2003
Sold by
Kiehn E Donald and Larson Karen J
Bought by
Peck Julie L and Julie L Peck 2000 Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,000
Interest Rate
5.77%

Purchase Details

Closed on
Mar 14, 1986
Sold by
Dixon Lois Lynne
Bought by
Kiehn E Donald
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2026 01/29/26 Sold $1,950,000 -7.1% $361 / Sq Ft
09/24/2025 09/24/25 Pending -- -- --
06/25/2025 06/25/25 For Sale $2,100,000 -- $389 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2398247

Northwest Multiple Listing Service (NWMLS)

APN: 501700-0325

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