Listed by Kidder Mathews, Bought with COMPASS
$2,900,000
SOLD JUN 9, 2025

7 & 15 Dravus St Unit 1-16 Seattle, WA 98109

North Queen Anne Neighborhood
-- Bed
-- Bath
5,760 Sq Ft
10,800 Sq Ft Lot

Recently Sold

$503 Per Sq Ft

3% Below List Price

17 Days on Market

Highlights

  • 0.25 Acre Lot
  • No HOA
  • Baseboard Heating
  • Coe Elementary School Rated A
  • Thermal Windows
  • Partially Fenced Property

About This Home

As of June 2025

Located in Queen Anne, Dravus Court 2 blocks from SPU, walking distance from Fremont's core & boasts an easy commute to SLU & Downtown with their employment/entertainment offerings. Comprised of 16 fully furnished 1-bed apartments in 2 adjacent buildings, Dravus Court is currently operated as a short-term stay property primarily focused on renting to traveling nurses & corporate transferees. Units can be rented for as short a term as 1 month with flexible lease end dates. The turnkey asset offers a new owner the opportunity to continue & improve upon this profitable operation strategy, or to transition the property to traditionally leased apartments. Desirable features include 11 parking spaces, on-site laundry, & a common BBQ courtyard.

Last Agent to Sell the Property

Dan Swanson

Kidder Mathews License #13533 Listed on: 02/04/2025

Last Buyer's Agent

Allen Lu

COMPASS License #131083

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2329269

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,454

Year Built

  • Built in 1965

Lot Details

  • 10,800 Sq Ft Lot
  • Partially Fenced Property
  • 1972205995

Home Design

  • Flat Roof Shape
  • Wood Siding

Interior Spaces

  • 5,760 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Parking

  • 11 Parking Spaces
  • Open Parking

Schools

  • Mc Clure Mid Middle School
  • Lincoln High School

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Queen Anne Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1972205990

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,454

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1965
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5760
  • Special Features: None
  • Cumulative Days on Market: 74

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry,Thermal Windows

Exterior Features

  • Roof: Flat
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 11
  • Open Parking: Yes
  • Total Parking Spaces: 11
  • ParkingUncoveredSpaces: 11

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 20000

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Lincoln High
  • Middle Or Junior School: Mc Clure Mid

Lot Info

  • Parcel Number: 1972205990
  • Lot Size Acres: 0.2479
  • Lot Size Sq Ft: 10800
  • Additional Parcels Description: 1972205995
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: County Records
  • MLSSquareFootageSource: County Records
  • ZoningJurisdiction: City

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 9.2
  • LeasedItems: None
  • TotalMonthlyIncome: 27077

Multi Family

  • Gross Scheduled Income: 324920
  • Net Operating Income: 187386
  • Number Of Units Total: 16
  • Insurance Expense: 12000
  • Leasable Area: 5760
  • EnergySource: Electric
  • UnitsInBuildingTotal: 16
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 31454

MLS Schools

  • Elementary School: Buyer To Verify

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2025 06/09/25 Sold $2,900,000 -3.3% $503 / Sq Ft
02/21/2025 02/21/25 Pending -- -- --
02/04/2025 02/04/25 For Sale $2,998,000 -- $520 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dan Swanson

    Seller's Agent in 2025

    Dan Swanson

    Kidder Mathews

    (425) 444-6501

    5 in this area

    59 Total Sales

    Dan Swanson
    Section Image

  • A

    Buyer's Agent in 2025

    Allen Lu

    Avenue Properties

    (425) 312-3136

    1 in this area

    8 Total Sales

    Allen Lu
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2329269

Northwest Multiple Listing Service (NWMLS)

Washington King County Seattle 98109 North Queen Anne

7 & 15 Dravus St Unit 1-16, Seattle, WA

This home is located at 7 & 15 Dravus St Unit 1-16, Seattle, WA 98109 and is currently priced at $2,900,000, approximately $503 per square foot. This property was built in 1965. 7 & 15 Dravus St Unit 1-16 is a home located in King County with nearby schools including Coe Elementary School, Mcclure Middle School, and Lincoln High School.

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. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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