NOT LISTED FOR SALE

850 Front St S Issaquah, WA 98027

Olde Town Neighborhood
-- Bed
-- Bath
9,280 Sq Ft
0.54 Acres

Last Sold October 20, 2023

Last sale price $2,600,000 $280 Per Sq Ft

51 Days on Market

Highlights

  • 0.54 Acre Lot
  • Territorial View
  • No HOA
  • Clark Elementary School Rated A
  • Wood Flooring
  • Wood Siding

About This Home

As of October 2023

The Colby Apartments 10-Unit Complex. Solid investment venture with current income & Value Added Opportunities. Great opportunity for investors who recognize current value w/under market rents; Ability to make improvements to existing units, creating additional income value. Large 2nd vacant lot creates more options for potential development. Located just south of downtown Issaquah. Fully rented units. High rental demand area for employees of nearby Costco Headquarters, Swedish Hospital, Microsoft etc. Forested areas & paths to downtown Issaquah create an ideal living space for access to work, town and the outdoors! Take advantage now and discover for yourself this remarkable opportunity!

Last Agent to Sell the Property

Craig Gaudry

Windermere Real Estate/East License #21921 Listed on: 01/25/2023

Windermere Real Estate/East

Co-Listed By

Phil Snyder

RSVP Brokers ERA License #10399

Last Buyer's Agent

Hugh Stewart

Windermere Real Estate/East License #73889

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2030714

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,239

Year Built

  • Built in 1962

Lot Details

  • 0.54 Acre Lot
  • Property is in average condition

Home Design

  • Poured Concrete
  • Bitumen Roof
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 9,280 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 25 Parking Spaces
  • Open Parking

Schools

  • Clark Elementary School
  • Issaquah Mid Middle School
  • Issaquah High School

Utilities

  • Septic Tank

Community Details

  • No Home Owners Association
  • Colby Apartments Condos
  • Issaquah Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3424069196
  • Tax Block 3013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,239

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1962
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Colby Apartments
  • New Construction: No
  • CalculatedSquareFootage: 9280
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 366

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Storage

Exterior Features

  • Roof: Torch Down
  • View: Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stone, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 25
  • Open Parking: Yes
  • Total Parking Spaces: 25
  • ParkingUncoveredSpaces: 25

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: No
  • PowerCompany: PSE
  • SewerCompany: N/A
  • WaterCompany: City of Issaquah
  • WaterSewerGarbage: 6713.4

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Issaquah
  • High School: Issaquah High
  • Middle Or Junior School: Issaquah Mid

Lot Info

  • Parcel Number: 3424069196
  • Lot Size Acres: 0.5413
  • Lot Size Sq Ft: 23579
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19.58
  • LeasedItems: None
  • TotalMonthlyIncome: 10643

Multi Family

  • Gross Scheduled Income: 127680
  • Net Operating Income: 68359
  • Number Of Units Total: 10
  • Electric Expense: 1076
  • Insurance Expense: 8569
  • Leasable Area: 9280
  • EnergySource: Electric
  • UnitsInBuildingTotal: 10
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 26239
  • AdditionalTaxIds: 3424069239

MLS Schools

  • Elementary School: Clark Elem

Range of Values:

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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 Change Sq Ft Price
10/20/2023 10/20/23 Sold $2,600,000 +4.0% $280 / Sq Ft
03/17/2023 03/17/23 Pending -- -- --
03/13/2023 03/13/23 For Sale $2,500,000 0.0% $269 / Sq Ft
02/02/2023 02/02/23 Pending -- -- --
01/25/2023 01/25/23 For Sale $2,500,000 -- $269 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Craig Gaudry

    Seller's Agent in 2023

    Craig Gaudry

    Windermere Corporate

    (206) 605-5552

    1 in this area

    106 Total Sales

    Craig Gaudry
    Section Image
  • Phil Snyder

    Seller Co-Listing Agent in 2023

    Phil Snyder

    Steven M Kloetsch

    (425) 218-0206

    1 in this area

    6 Total Sales

    Phil Snyder
    Section Image
  • Hugh Stewart

    Buyer's Agent in 2023

    Hugh Stewart

    Windermere Corporate

    (425) 445-7475

    2 in this area

    9 Total Sales

    Hugh Stewart
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2030714

Northwest Multiple Listing Service (NWMLS)

Washington King County Issaquah 98027 Olde Town

850 Front St S, Issaquah, WA

This home is located at 850 Front St S, Issaquah, WA 98027 since 25 January 2023. This property was built in 1962. 850 Front St S is a home located in King County with nearby schools including Clark Elementary School, Issaquah Middle School, and Issaquah High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

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