Estimated Value: $920,083 - $1,034,000
Investor Alert! Profitable investment opportunity in the heart of The vibrant Morgan Junction neighborhood of West Seattle. Two 2bed/1bath units on main floor and two 1bed/1bath units on lower level. Large deck w/westerly mountain & sound view. Garage for 2 cars plus off-street parking for 2 more cars. Alley/street access. Walk/bike to everything West Seattle has to offer. 85 walk score. Long-term tenants, low vacancies and low turnover. Significant rental upside as rents are low. The cap rate is currently sitting at 5.62%, but could be higher if an investor wants to upscale the units or get creative with shorter-term (AirBNB), higher rent leases. Zoned LR2 for future development options.
Last Agent to Sell the Property
John L Scott Westwood License #99174 Listed on: 04/16/2024
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2222226
Home Type
Est. Annual Taxes
Year Built
Lot Details
Property Views
Home Design
Interior Spaces
Flooring
Parking
Outdoor Features
Utilities
Community Details
Listing and Financial Details
$995,000
Buy Now! West Seattle's Highland Park neighborhood offers a Unique 6Bd/4Ba Home: Live in as SF, Rental or utilize as Multi-Generational Living. Main Floor Unit A: 3Bd/2Ba w/Liv/Din/Kit/Primary Suite + Covered Front Porch & 4 Parking Spaces. Drive around back to enter 2 Sep Units. ADU B: 2Bd/1Ba, Liv/Din/Kit/Front & Back Entries. ADU C: 1Bd/1Ba Great Rm w/Kitchen. All Units =Tons of Parking,
Janette Wilcox Wilcox Real Estate
$975,000
Residents enjoy close proximity to parks, shopping, beaches & many other opportunities. Built in 1981, by the current owner & on the market for the first time, the property is comprised of 3 large 2-bed units. Units feature large decks overlooking a greenbelt, full sized in unit laundry machines, new hot water tanks, ample closet space and use of the shared backyard. The property is meticulously
Dan Swanson Kidder Mathews
$875,000
Hard to find Multi unit fixer in the Delridge area! This tri-plex needs a great deal of work to to get top rent, or just do the minimum to bring it up to a reasonable living standard and hold onto it for the increasing development potential! Surrounded by 3 story Million dollar +/- condos in the a nice developing area of West Seattle.
Matt Hagwood Heaton Dainard, LLC
$1,100,000
Enjoy expansive Puget Sound views from this Craftsman style home just off of Beach Drive. In the same family for 55 years, this home is looking for it's next chapter. Duplex style, with lower-level apartment including full kitchen, second laundry, 1 bed/1 bath and 2nd living room. The main house has 5 bedrooms, 2.5 bathrooms, plus office (sewing room), and large family room with gas fireplace.
Jayme Johnson Windermere West Metro
$1,100,000
Beautifully maintained 4-plex in West Seattle's Highland Park neighborhood. Each unit has 2 bedrooms and 1 bathroom with off-street parking and a storage locker. Upper units have a deck, and lower units have a patio and small fenced in yard. Off-street parking for 8 cars when using as tandem parking. Originally built in 1969 but with extensive upgrades effective year built is 1992 per King County
David Frasch Coldwell Banker Danforth
$975,000
Must See!! Well Maintained 4 Plex with Spacious Units. Great investment opportunity with Two 2 bedroom units and Two 1 bedroom units. Long time owner has kept the rents low, tons of potential to increase rents and create additional cash flow. Huge 11,326 sq ft lot with possibilities for more units in the backyard. Nice new driveway up to the building, property sits nicely above the street for
Thach Nguyen John L. Scott, Inc
$1,100,000
Conveniently located 4-plex on Beacon Hill of Seattle. Bus lines in front of property, minutes to downtown Seattle, China Town, I-5, SODO and many more. Approved plans for 7 unit condo complex and preliminary plans for 2 townhomes. Currently upper units are 2bed/1 bath with assigned garage, fireplace, deck with views. Lower units are studios. All have washer/dryer.
Val Garcia Paragon Invest Inc.
$1,070,000
Beautifully remodeled home featuring 4 separate living spaces on a huge 16,500 sf lot at the end of a quiet private dead-end street! Each unit includes off-street parking, laundry, and tasteful upgrades—new roof, quartz kitchen counters, updated bathrooms, and AC. Excellent investment opportunity or live in one unit and offset your mortgage—FHA/VA financing eligible! Building 1 (810): (A) 2 bed +
Abiel Zewolday Keller Williams Realty Bothell
$1,100,000
8 unit loft style apartments. Great location in upzoned area of North Burien. New circuit breakers just installed in all 8 units. Corner lot with many possibilities. Sellers are participating in an IRS 1031 Tax Exchange and reserves the right to extend closing up to 30 days. A large portion of the city has been rezoned to new zoning districts that went into effect on the 1st of this year. This
John Hama Home Realty
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Li Emily | $955,000 | Fidelity National Title |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Li Emily | $656,000 | |
| Closed | Li Emily | $667,000 | |
| Previous Owner | Steffes Robert M | $235,500 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/06/2024 06/06/24 | Sold | $955,000 | +0.5% | $276 / Sq Ft |
| 04/25/2024 04/25/24 | Pending | -- | -- | -- |
| 04/16/2024 04/16/24 | For Sale | $950,000 | -- | $275 / Sq Ft |
| 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 | $10,690 | $1,036,000 | $678,000 | $358,000 |
| 2023 | $8,800 | $854,000 | $663,000 | $191,000 |
| 2022 | $7,660 | $907,000 | $567,000 | $340,000 |
| 2021 | $7,358 | $760,000 | $490,000 | $270,000 |
| 2020 | $7,305 | $695,000 | $448,000 | $247,000 |
| 2018 | $6,384 | $694,000 | $448,000 | $246,000 |
| 2017 | $5,430 | $616,000 | $220,000 | $396,000 |
| 2016 | $5,240 | $539,000 | $194,000 | $345,000 |
| 2015 | $4,462 | $510,000 | $184,000 | $326,000 |
| 2014 | -- | $442,000 | $161,000 | $281,000 |
| 2013 | -- | $396,000 | $144,000 | $252,000 |
Seller's Agent in 2024
Jen Shaughnessy
John L Scott
(206) 399-6586
3 in this area
83 Total Sales
G
Seller Co-Listing Agent in 2024
Greg Singleton
John L Scott
(206) 370-2008
1 in this area
24 Total Sales
Buyer's Agent in 2024
Wenwei Xu
Best Choice Realty Brokerage
(425) 535-7998
1 in this area
38 Total Sales
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2222226
APN: 271910-0025
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