Convert this motel into a 16 unit apartment complex! Estimated renovation cost at $1,300,000 for an estimated $3,000,000 finished value. Tons of sweat equity to be had as an investment. All numbers provided on rents/financials are an estimate proforma based on a newly renovated complex. There is currently no income on the building. Unit sizes would range from 346 sq ft to 433 sq feet. 4 units in the basement, 6 units on main floor, and 6 units upstairs. Tons of parking available on site. Tax Assessed Value at $1,945,500! Est. value of $3.1M after renovations into a multi-family dwelling are complete.
Keller Williams Rty TacomaLicense #114407Listed on: 04/23/2025
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2362738
Property Details
Home Type
Multi-Family
Year Built
Built in 1919
Lot Details
10,443 Sq Ft Lot
Partially Fenced Property
Corner Lot
Home Design
Fixer Upper
Poured Concrete
Bitumen Roof
Wood Siding
Interior Spaces
7,890 Sq Ft Home
2-Story Property
Parking
22 Parking Spaces
Open Parking
Community Details
No Home Owners Association
Georgetown Subdivision
Listing and Financial Details
Assessor Parcel Number 3468800455
Property Details
Home Type
Multi-Family
Year Built
Built in 1919
Lot Details
0
Listing Details
Property Type: Residential Income
Property Sub Type: Multi Family
StyleCode: 56 - 10+ Units
Year Built: 1919
MLS Status: Pending
Prev Status: Pending
New Construction: No
CalculatedSquareFootage: 7890
EffectiveYearBuiltSource: Public Records
Special Features: None
Cumulative Days on Market: 85
Interior Features
Possible Use: Commercial
Fireplace: No
Flooring: See Remarks
Stories: 2
SquareFootageFinished: 0
SquareFootageUnfinished: 0
BathsFullUpper: 0
BathsHalfUpper: 0
BathsThreeQuarterUpper: 0
BedroomsUpper: 0
Exterior Features
Roof: Torch Down
Lot Features: Corner Lot, Paved, Sidewalk
View: No
Waterfront: No
Construction Type: Wood
Exterior Features: Wood
Foundation Details: Poured Concrete
Property Condition: Fixer
Structure Type: Multi Family
Garage/Parking
Carport Y N: No
Open Parking Spaces: 22
Open Parking: Yes
Total Parking Spaces: 22
ParkingUncoveredSpaces: 22
Utilities
Sewer: Sewer Connected
Water Source: Public
Security: Partially Fenced
Cooling: None
Cooling Y N: No
Heating Yn: Yes
PowerCompany: PSE
SewerCompany: City of Seattle
WaterCompany: City of Seattle
WaterSewerGarbage: 10060
Condo/Co-op/Association
Senior Community: No
Association: No
Fee Information
Annual Fuel Expense: 10061
Schools
Junior High Dist: Seattle
High School: Buyer To Verify
Middle Or Junior School: Buyer To Verify
Lot Info
Parcel Number: 3468800455
Lot Size Acres: 0.2397
Lot Size Sq Ft: 10443
Zoning Description: Commercial
Irrigation Water Rights: No
ShowMapLink: true
SiteFeatures: Fenced-Partially
MLSLotSizeSource: Public Records
MLSSquareFootageSource: Public Records
ZoningJurisdiction: City
Green Features
Power Production Type: Electric
Rental Info
GrossRentMultiplier: 3.9
LeasedItems: None
TotalMonthlyIncome: 310578
Multi Family
Gross Scheduled Income: 310578
Net Operating Income: 188728
Electric Expense: 10060
Insurance Expense: 6669
Leasable Area: 7890
EnergySource: Electric
UnitsInBuildingTotal: 16
UnitsBelowGrade: false
VacancyRate: 5
Tax Info
Year: 2024
Tax Annual Amount: 35022
MLS Schools
Elementary School: Buyer To Verify
Map
Range of Values:
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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
Tax History
Year
Tax Paid
Tax AssessmentTax 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
$20,164
$1,945,500
$939,800
$1,005,700
2023
$22,780
$2,283,300
$939,800
$1,343,500
2022
$16,055
$1,856,900
$939,800
$917,100
2021
$17,081
$1,606,100
$939,800
$666,300
2020
$16,316
$1,646,700
$939,800
$706,900
2018
$12,100
$1,516,100
$396,800
$1,119,300
2017
$10,936
$1,116,800
$396,800
$720,000
2016
$10,390
$1,042,400
$365,500
$676,900
2015
$8,875
$970,300
$365,500
$604,800
2014
--
$842,200
$355,000
$487,200
2013
--
$796,200
$334,100
$462,100
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
05/26/202505/26/25
Pending
--
--
--
05/06/202505/06/25
For Sale
$1,200,000
0.0%
$152 / Sq Ft
04/24/202504/24/25
Pending
--
--
--
04/23/202504/23/25
For Sale
$1,200,000
--
$152 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)
Don't miss this exciting opportunity to own a unique duplex in Seattle’s vibrant Capitol Hill neighborhood! This versatile property is designed for flexible living, featuring two spacious units, each with a primary bedroom, stylish full kitchen with premium Miele appliances and spacious open concept living areas. Bamboo floors, fireplaces, custom finishes and double-pane windows add warmth and
Prime Ballard development opportunity! Rarely available 4,750 square foot level lot (50' x 95') in the heart of Ballard, zoned LR2 (M) and currently home to a side-by-side duplex with alley access. First time on the market in 60 years, this property presents a range of possibilities in a very desirable location. Surrounded by vibrant neighborhood amenities, including shopping, restaurants, parks,
This home is located at 7070 E Marginal Way S, Seattle, WA 98108 and is currently priced at $1,200,000, approximately $152 per square foot. This property was built in 1919. 7070 E Marginal Way S is a home located in King County with nearby schools including Maple Elementary School, Mercer International Middle School, and Franklin High School.
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