Listed by John L. Scott, Inc
$2,100,000
SOLD NOV 21, 2025
12 Beds
8 Baths
5,260 Sq Ft
6,325 Sq Ft Lot

Sale Details

Date Sold: November 21, 2025

$399 Per Sq Ft

Highlights

  • No HOA
  • Vinyl Plank Flooring
  • Baseboard Heating
  • Viewlands Elementary School Rated A-

About This Home

The Fountain Apartments – a turnkey investment opportunity in the heart of Greenwood. This well-maintained 8-unit property features significant capital improvements, including a new roof (within the last 5 years), updated common areas, and full interior renovations in 6 of the 8 units. The renovated units boast spacious layouts with luxury vinyl plank flooring, quartz countertops, undermount sinks, stainless steel appliances, modern bathroom vanities, and new bathtub/tile surrounds. Select units also include private decks. With minimal remaining value-add needed—just two units left to update—The Fountain presents an excellent opportunity to stabilize the asset at a projected cap rate of over 6.5%.

Last Agent to Sell the Property

Jon Bye

John L. Scott, Inc License #25593 Listed on: 07/23/2025

John L. Scott, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2406370

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,309

Year Built

  • Built in 1988

Parking

  • 8 Covered Spaces

Home Design

  • Composition Roof
  • Metal Construction or Metal Frame
  • Vinyl Construction Material

Interior Spaces

  • 5,260 Sq Ft Home
  • 3-Story Property
  • Vinyl Plank Flooring

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Schools

  • Viewlands Elementary School
  • Robert Eagle Staff Middle School
  • Ingraham High School

Additional Features

  • 6,325 Sq Ft Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Greenwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6749700020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,309

Year Built

Built in 1988

Lot Details

6,325 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1988
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 5260
  • Special Features: None

Interior Features

  • Total Bedrooms: 12
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Construction Type: Metal/Vinyl
  • Exterior Features: Metal/Vinyl

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 8
  • Open Parking: No
  • Total Parking Spaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Ingraham High
  • Middle Or Junior School: Robert Eagle Staff Middle School

Lot Info

  • Parcel Number: 6749700020
  • Lot Size Acres: 0.1452
  • Lot Size Sq Ft: 6325
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Title

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10.85
  • LeasedItems: None
  • TotalMonthlyIncome: 16980

Tax Info

  • Year: 2025
  • Tax Annual Amount: 17309

Multi Family

  • Number Of Units Total: 8
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Viewlands

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

Listed on
Jul 23, 2025
Closed on
Nov 20, 2025
Sold by
Bought by
Seller's Agent
Jon Bye
John L. Scott, Inc
List Price
$2,100,000
Sold Price
$2,100,000
Views
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,140,000
Outstanding Balance
$1,064,083
Interest Rate
6.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,030,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 31, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
5.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 21, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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 Type Sale Price Title Company
Warranty Deed $2,098,000 Stewart Title
Interfamily Deed Transfer -- Chicago Title
Quit Claim Deed -- Chicago Title
Warranty Deed $949,000 Pacific Nw Tit
Interfamily Deed Transfer -- First American Title Ins Co
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 Loan Amount Loan Type
Open $1,140,000 New Conventional
Previous Owner $170,000 Commercial
Previous Owner $300,000 Future Advance Clause Open End Mortgage
Previous Owner $1,030,000 Commercial
Previous Owner $740,000 Commercial
Source: Public Records

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 $840 $21,101 $1,322 $19,779
2024 $764 $15,870 $2,120 $13,750
2023 $763 $15,870 $2,120 $13,750
2022 $371 $15,870 $2,120 $13,750
2021 $338 $15,870 $2,120 $13,750
2020 $306 $15,870 $2,120 $13,750
2019 $681 $13,490 $1,770 $11,720
2018 $299 $13,490 $1,770 $11,720
2017 $649 $13,490 $1,770 $11,720
2016 $299 $13,490 $1,770 $11,720
2015 -- $12,580 $2,660 $9,920
2014 -- $12,580 $2,660 $9,920
2013 -- $12,580 $2,660 $9,920
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2406370

Northwest Multiple Listing Service (NWMLS)
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