Listed by COMPASS
$2,400,000

Estimated payment $15,297/month

Total Views 2,605
16 Beds
8 Baths
6,408 Sq Ft
$375 Price per Sq Ft

Highlights

  • RV Access or Parking
  • 0.34 Acre Lot
  • Forced Air Heating System
  • Garfield High School Rated A
  • No HOA

About This Home

Rare Investment Opportunity in Desirable Leschi! Don’t miss this exceptional 8-unit multifamily property in sought-after Leschi, featuring three tax parcels totaling 14,980 sq ft with strong cash flow and the opportunity to add value. Multiple development options as well! Each 2-bedroom, 1-bath unit provides 800 sq ft of living space, with garage rental options and several updated units for added appeal. Amenities include an 824 sq ft shop with water and power, offering ADU conversion potential, six rentable garages, and a coin-operated laundry room. The property also boasts a vacant buildable lot for future growth, allowing rental income on current units while exploring new construction possibilities. Schedule a private tour today!

Listing Agent

Jolene Brown

COMPASS License #21021251 Listed on: 08/08/2025

COMPASS

Co-Listing Agent

Ronnie Jackson

eXp Realty License #21016054

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2420006

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,117

Year Built

  • Built in 1963

Lot Details

  • 0.34 Acre Lot
  • 0567000585,0567000600

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Stucco
  • Wood Composite

Interior Spaces

  • 6,408 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • 6 Covered Spaces
  • RV Access or Parking

Schools

  • Thurgood Marshall El Elementary School
  • Wash Mid Middle School
  • Garfield High School

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Baxter Edition Condos
  • Leschi Subdivision

Listing and Financial Details

  • Legal Lot and Block 12 / 6
  • Assessor Parcel Number 0567000590

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,117

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1963
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Baxter Edition
  • New Construction: No
  • CalculatedSquareFootage: 6408
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Total Bedrooms: 16
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Flat
  • Lot Features: Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Stucco, Wood
  • Exterior Features: Stucco, Wood Products
  • Foundation Details: Slab
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Covered Parking Spaces: 6
  • Open Parking: No
  • Parking Features: RV Parking
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Ductless, None
  • Cooling Y N: Yes
  • Heating: Ductless, Forced Air
  • Heating Yn: Yes
  • PowerCompany: City Lights
  • SewerCompany: City Lights
  • WaterCompany: City Lights
  • WaterSewerGarbage: 15026.36

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Garfield High
  • Middle Or Junior School: Wash Mid

Lot Info

  • Parcel Number: 0567000590
  • Lot Size Acres: 0.3439
  • Lot Size: 100X150ft
  • Lot Size Sq Ft: 14980
  • Additional Parcels Description: 0567000585,0567000600
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: RV Parking,Shop
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • LotNumber: 12

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15.2
  • LeasedItems: None
  • TotalMonthlyIncome: 12860

Multi Family

  • Gross Scheduled Income: 177600
  • Net Operating Income: 120080
  • Number Of Units Total: 8
  • Insurance Expense: 3500
  • Leasable Area: 6408
  • EnergySource: Electric
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 30117

MLS Schools

  • Elementary School: Thurgood Marshall El

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 $12,855 $1,255,000 $720,000 $535,000
2023 $13,423 $1,348,000 $720,000 $628,000
2022 $11,856 $1,310,000 $720,000 $590,000
2021 $13,694 $1,220,000 $720,000 $500,000
2020 $12,648 $1,362,000 $720,000 $642,000
2018 $9,026 $1,132,000 $660,000 $472,000
2017 $7,261 $858,000 $540,000 $318,000
2016 $7,260 $704,000 $360,000 $344,000
2015 $6,366 $693,000 $360,000 $333,000
2014 -- $630,000 $360,000 $270,000
2013 -- $572,000 $360,000 $212,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2025 08/08/25 For Sale $2,400,000 -- $375 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2420006

Northwest Multiple Listing Service (NWMLS)

APN: 056700-0590