Listed by Westlake Associates, Inc.
NOT LISTED FOR SALE
-- Bed
-- Bath
13,700 Sq Ft
0.26 Acres Lot

Sale Details

Date Sold: November 26, 2024

Last sale price $4,000,000 $292 Per Sq Ft

6 Days on Market

Highlights

  • 0.26 Acre Lot
  • No HOA
  • Wall to Wall Carpet
  • Jane Addams Middle School Rated A
  • Baseboard Heating

About This Home

As of November 2024

5th Ave Manor presents an exceptional opportunity for investors seeking ownership of a desirable building in a highly sought-after residential locale, characterized by a scarcity of rental accommodations. With its strategic location and potential for value-add enhancement through modest kitchen, flooring, and appliance upgrades, 5th Avenue Manor promises lucrative returns. Following these enhancements, a new owner can anticipate achieving a stabilized Market CAP of 6.01%. Nestled nearby the scenic Green Lake Park, renowned for its myriad recreational pursuits, this coveted address offers seamless access to the University of Washington, the bustling South Lake Union Tech Core, and the vibrant Northgate shopping and entertainment hub.

Last Agent to Sell the Property

David Petersen

Westlake Associates, Inc. License #7352 Listed on: 09/04/2024

Co-Listed By

Chad Martini

Westlake Associates, Inc. License #118627

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2286745

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $39,678

Year Built

  • Built in 1969

Lot Details

  • 0.26

Parking

  • Open Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Wood Composite

Interior Spaces

  • 13,700 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Additional Features

  • 11,160 Sq Ft Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Northgate Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2061100055

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$39,678

Year Built

Built in 1969

Lot Details

0.26 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1969
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 13700
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate Hardwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry,Elevator,Storage

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Cement/Concrete, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 6
  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 15

Utilities

  • Sewer: Sewer Connected
  • 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

Lot Info

  • Parcel Number: 2061100055
  • Lot Size Acres: 0.2562
  • Lot Size Sq Ft: 11160
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10.49
  • LeasedItems: None
  • TotalMonthlyIncome: 31790

Tax Info

  • Year: 2024
  • Tax Annual Amount: 39678

Multi Family

  • Number Of Units Total: 16
  • EnergySource: Electric
  • UnitsBelowGrade: false
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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 List to Sale Price per Sq Ft
11/26/2024 11/26/24 Sold $4,000,000 0.0% $292 / Sq Ft
09/10/2024 09/10/24 Pending -- -- --
09/04/2024 09/04/24 For Sale $4,000,000 -- $292 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $38,123 $3,882,000 $2,232,000 $1,650,000
2023 $41,932 $4,383,000 $2,008,800 $2,374,200
2022 $42,441 $4,620,000 $1,897,200 $2,722,800
2021 $45,658 $4,580,000 $1,897,200 $2,682,800
2020 $44,124 $4,703,000 $1,897,200 $2,805,800
2018 $35,711 $4,219,000 $1,339,200 $2,879,800
2017 $30,867 $3,576,000 $1,116,000 $2,460,000
2016 $26,280 $3,188,000 $1,004,400 $2,183,600
2015 -- $2,637,000 $915,100 $1,721,900
2014 -- $2,335,000 $915,100 $1,419,900
2013 -- $2,141,000 $892,800 $1,248,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2286745

Northwest Multiple Listing Service (NWMLS)
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