Listed by Sea to Sky Realty
$998,000
$202K PRICE DROP

Estimated payment $6,139/month

Total Views 5,600
5 Beds
4 Baths
2,350 Sq Ft
$425 Price per Sq Ft

Highlights

  • No HOA
  • Baseboard Heating
  • Partially Fenced Property
  • Adams Elementary School Rated A
  • High Speed Internet
  • Wood Siding

About This Home

Located in a highly desirable neighborhood. The existing two-story building features three 1-bedroom units and one 2-bedroom unit, along with a backyard and a garage. All units are currently leased, though average market rents in the area are approximately 30% higher, offering strong potential for increased income. A rapid transit stop is situated directly in front of the property, providing quick and easy access to both downtown Seattle and Sea-Tac Airport. A Master Use Permit has already been obtained, and the flexible NC2-P55 zoning opens the door for redevelopment opportunities—whether for commercial, residential, or mixed-use purposes.

Listing Agent

Tyler Li

Sea to Sky Realty License #22012045 Listed on: 04/13/2025

Co-Listing Agent

Lin Shen

Sea to Sky Realty License #26193

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2359397

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,866

Year Built

  • Built in 1906

Lot Details

  • 4,366 Sq Ft Lot
  • Partially Fenced Property
  • Property is in average condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Built-Up Roof
  • Wood Siding
  • Log Siding

Interior Spaces

  • 2,350 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 2 Parking Spaces
  • 1 Covered Space
  • Open Parking

Schools

  • Whittier Elementary School
  • Whitman Mid Middle School
  • Ballard High School

Utilities

  • Baseboard Heating
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Ballard Subdivision

Listing and Financial Details

  • Legal Lot and Block 7518500440 / 8
  • Assessor Parcel Number 7518500440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,866

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1906
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 2350
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Thanks for showing!
  • Special Features: None

Interior Features

  • Possible Use: Business, Commercial, Multi-Family, Retail
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Built-Up, Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Log, Wood
  • Exterior Features: Log, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Available
  • Water Source: Community
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: SPU
  • WaterCompany: SPU
  • CableConnected: Comcast/Century Link
  • InternetConnected: Comcast/Century Link
  • WaterSewerGarbage: 6569

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Ballard High
  • Middle Or Junior School: Whitman Mid

Lot Info

  • Parcel Number: 7518500440
  • Lot Size Acres: 0.1002
  • Lot Size: 50*87
  • Lot Size Sq Ft: 4366
  • Zoning Description: Business,Commercial,Multi-Family,Retail
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: KCR
  • MLSSquareFootageSource: KCR
  • ZoningJurisdiction: City
  • LotNumber: 7518500440

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 21.74
  • LeasedItems: None
  • TotalMonthlyIncome: 4600

Multi Family

  • Gross Scheduled Income: 55200
  • Net Operating Income: 37850
  • Number Of Units Total: 4
  • Electric Expense: 521
  • Insurance Expense: 2894
  • Leasable Area: 2350
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 9866

MLS Schools

  • Elementary School: Whittier

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 $9,866 $1,005,100 $1,004,100 $1,000
2023 $8,960 $1,005,100 $1,004,100 $1,000
2022 $9,384 $1,037,000 $982,300 $54,700
2021 $10,197 $1,005,000 $938,600 $66,400
2020 $9,904 $1,044,000 $916,800 $127,200
2018 $7,328 $861,000 $676,700 $184,300
2017 $6,087 $726,000 $567,500 $158,500
2016 $5,719 $620,200 $480,200 $140,000
2015 $4,973 $569,000 $458,400 $110,600
2014 -- $505,000 $414,700 $90,300
2013 -- $514,000 $392,900 $121,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2025 07/03/25 Price Changed $998,000 -9.3% $425 / Sq Ft
06/10/2025 06/10/25 Price Changed $1,100,000 -8.3% $468 / Sq Ft
04/13/2025 04/13/25 For Sale $1,200,000 -24.1% $511 / Sq Ft
12/12/2023 12/12/23 Sold $1,580,000 -9.7% $672 / Sq Ft
08/14/2023 08/14/23 Pending -- -- --
05/30/2023 05/30/23 For Sale $1,750,000 +133.3% $745 / Sq Ft
09/07/2016 09/07/16 Sold $750,000 +7.2% $284 / Sq Ft
07/03/2016 07/03/16 Pending -- -- --
06/27/2016 06/27/16 For Sale $699,950 -- $265 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $790,000 First American Title
Quit Claim Deed $313 First American Title
Quit Claim Deed -- None Listed On Document
Warranty Deed $1,125,000 Fidelity National Title
Warranty Deed -- Rainier Title
Warranty Deed -- Rainier Title
Warranty Deed $750,000 Rainier Title
Warranty Deed -- --
Warranty Deed $185,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $375,000 No Value Available
Previous Owner $166,500 No Value Available
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2359397

Northwest Multiple Listing Service (NWMLS)

APN: 751850-0440