Listed by John L Scott RE West Seattle, Bought with Best Choice Realty LLC
NOT LISTED FOR SALE

6553 42nd Ave SW Seattle, WA 98136

Gatewood Neighborhood

Estimated Value: $928,000 - $1,150,000

6 Beds
4 Baths
3,460 Sq Ft
$294/Sq Ft Est. Value

Sale Details

Date Sold: June 6, 2024

Last sale price $955,000 $276 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $6,436 / mo

9 Days on Market

Highlights

  • Views of a Sound
  • Deck
  • No HOA
  • Madison Middle School Rated A-
  • Wood Flooring
  • Patio

About This Home

As of June 2024

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

Jen Shaughnessy

John L Scott RE West Seattle License #99174 Listed on: 04/16/2024

John L Scott RE West Seattle

Co-Listed By

Greg Singleton

John L Scott RE West Seattle License #94174

Last Buyer's Agent

Wenwei Xu

Best Choice Realty LLC License #21035288

Best Choice Realty LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2222226

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,800

Year Built

  • Built in 1963

Lot Details

  • 6,250 Sq Ft Lot
  • Lot Dimensions are 50 x 124
  • Partially Fenced Property
  • Value in Land

Property Views

  • Views of a Sound
  • Mountain Views

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,460 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Baseboard Heating
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Gatewood Gardens Condos
  • Gatewood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2719100025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,800

Year Built

Built in 1963

Lot Details

6,250 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1963
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Gatewood Gardens
  • New Construction: No
  • Structure Type: Quadruplex
  • CalculatedSquareFootage: 3460
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Sound
  • Lot Features: Curbs, Paved, Sidewalk, Value In Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Wood

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: SPU
  • WaterCompany: SPU

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2719100025
  • Lot Size Acres: 0.1435
  • Lot Size: 50 x 124
  • Lot Size Sq Ft: 6250
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13.19
  • LeasedItems: None
  • TotalMonthlyIncome: 6000

Tax Info

  • Year: 2024
  • Tax Annual Amount: 8800

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 600
  • EnergySource: Electric
  • UnitsBelowGrade: false

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2026
Sold by
Bought by
Current Estimated Value
$1,006,402

Purchase Details

Listed on
Apr 16, 2024
Closed on
Jun 3, 2024
Sold by
Bought by
Seller's Agent
Jen Shaughnessy
John L Scott RE West Seattle
Buyer's Agent
Wenwei Xu
Best Choice Realty LLC
List Price
$950,000
Sold Price
$955,000
Premium/Discount to List
$5,000
0.53%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.09%
Original Mortgage
$667,000
Interest Rate
0.0717%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$313 None Listed On Document
$955,000 Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $656,000
Closed $667,000
Closed $235,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $11,995 $1,087,000 $714,000 $373,000
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
Source: Public Records

Agents Affiliated with this Home

  • Jen Shaughnessy

    Seller's Agent in 2024

    Jen Shaughnessy

    John L. Scott West Seattle

    (206) 399-6586

    2 in this area

    65 Total Sales

    Jen Shaughnessy
    Section Image

  • G

    Seller Co-Listing Agent in 2024

    Greg Singleton

    John L. Scott West Seattle

    (206) 370-2008

    1 in this area

    19 Total Sales

    Greg Singleton
    Section Image
  • Wenwei Xu

    Buyer's Agent in 2024

    Wenwei Xu

    Best Choice Realty Brokerage

    (425) 535-7998

    1 in this area

    53 Total Sales

    Wenwei Xu
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2222226

Northwest Multiple Listing Service (NWMLS)

APN: 271910-0025

Washington King County Seattle 98136 Gatewood

6553 42nd Ave SW, Seattle, WA

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) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2026 NWMLS.
Based on information submitted to the MLS GRID
Listings courtesy of Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID

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