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.
Northmarq Multifamily, LLCLicense #87455Listed on: 08/06/2025
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2418028
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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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.
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