Listed by Northmarq Multifamily, LLC
$1,250,000

Estimated payment $7,664/month

Total Views 157
8 Beds
4 Baths
3,460 Sq Ft
$361 Price per Sq Ft

Highlights

  • No HOA
  • Baseboard Heating
  • Partially Fenced Property
  • Vinyl Plank Flooring

About This Home

We are pleased to present the Delridge Apartments, a well-maintained 1987 4-Plex located in Seattle, WA. This property features spacious, 2-bedroom, 1-bath floor plans with full size in-unit laundry averaging 865 SF. Unit 4 was recently remodeled and rented within 2 days at $1995 + utilities proving substantial upside to the remaining units. The other 3 units are currently rented for $1,600 each and no utility bill back. With market rents exceeding current levels, there is a clear path to increase average rents by approximately $500/unit, $1500/month total. There are 4 parking spaces, with room for tandem parking for a total of 8, as well as street parking.

Listing Agent

Steve Fischer

Northmarq Multifamily, LLC License #87455 Listed on: 08/06/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2418028

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,835

Year Built

  • Built in 1987

Lot Details

  • 5,199 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Quadruplex
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,460 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl Plank
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Open Parking

Utilities

  • Baseboard Heating
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Westwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4302201160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,835

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1987
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 3460
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Vinyl, Vinyl Plank, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Metal/Vinyl
  • Exterior Features: Metal/Vinyl
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle PUD
  • WaterCompany: Seattle PUD
  • WaterSewerGarbage: 6400

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 4302201160
  • Lot Size Acres: 0.1194
  • Lot Size Sq Ft: 5199
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially
  • MLSLotSizeSource: King County
  • MLSSquareFootageSource: King County
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15.33
  • LeasedItems: None
  • TotalMonthlyIncome: 6845

Multi Family

  • Gross Scheduled Income: 81540
  • Net Operating Income: 58628
  • Number Of Units Total: 4
  • Insurance Expense: 3200
  • Leasable Area: 3460
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2025
  • Tax Annual Amount: 9835

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 $9,835 $964,000 $389,900 $574,100
2023 $9,145 $963,000 $389,900 $573,100
2022 $9,393 $1,023,000 $363,900 $659,100
2021 $9,754 $974,000 $363,900 $610,100
2020 $9,052 $968,000 $363,900 $604,100
2018 $5,522 $619,000 $311,900 $307,100
2017 $4,901 $515,000 $285,900 $229,100
2016 $5,024 $471,000 $259,900 $211,100
2015 -- $477,000 $259,900 $217,100
2014 -- $417,000 $259,900 $157,100
2013 -- $417,000 $259,900 $157,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2025 08/06/25 For Sale $1,250,000 +192.8% $361 / Sq Ft
03/15/2013 03/15/13 Sold $426,900 0.0% $123 / Sq Ft
01/14/2013 01/14/13 Pending -- -- --
12/12/2012 12/12/12 For Sale $426,900 -- $123 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $487,216 None Available
Warranty Deed $580,000 Rainier Title
Warranty Deed -- Evergreen Title Company Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $486,000 New Conventional
Closed $497,000 No Value Available
Closed $298,830 No Value Available
Previous Owner $464,000 No Value Available
Previous Owner $262,500 No Value Available
Previous Owner $233,750 No Value Available
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2418028

Northwest Multiple Listing Service (NWMLS)

APN: 430220-1160