Listed by Torre Realty
$1,850,000
$100K PRICE DROP

Estimated payment $11,263/month

Total Views 8,796
10 Beds
10 Baths
5,140 Sq Ft
$360 Price per Sq Ft

Highlights

  • No HOA
  • Baseboard Heating
  • Gated Home
  • Patio
  • High Speed Internet
  • Wood Siding

About This Home

Newly remodeled 10 unit apartment complex with courtyard and patios, parking for 5 cars on site, coin-operated laundry and storage. All units were completely remodeled in 2017-2019: new floors, kitchens, bathrooms, paint. Building has a new roof (on both buildings: 2019 and 2025), fresh paint (2024), gated access. Fully occupied and well maintained with 0% vacancy and excellent financials. RRIO inspection has been successfully passed in 2019.

Listing Agent

Elena Karpova

Torre Realty License #120518 Listed on: 12/02/2024

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2310259

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,535

Year Built

  • Built in 1959

Lot Details

  • 7,800 Sq Ft Lot
  • Lot Dimensions are 78 x 100
  • Gated Home
  • Property is Fully Fenced

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Built-Up Roof
  • Wood Siding

Interior Spaces

  • 5,140 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Parking

  • 5 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Concord Elementary School
  • Denny Mid Middle School
  • Sealth High School

Utilities

  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • South Park Subdivision

Listing and Financial Details

  • Legal Lot and Block 21-24 / 41
  • Assessor Parcel Number 7883608350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,535

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1959
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 5140
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 244

Interior Features

  • Possible Use: Commercial
  • Total Bedrooms: 10
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Built-Up
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Brick, Wood
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Fully Fenced, Security Gate
  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 11091

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Sealth High
  • Middle Or Junior School: Denny Mid

Lot Info

  • Parcel Number: 7883608350
  • Lot Size Acres: 0.1791
  • Lot Size: 78 x 100
  • Lot Size Sq Ft: 7800
  • Zoning Description: Commercial
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Gated Entry,High Speed Internet,Patio
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • LotNumber: 21-24

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15.64
  • LeasedItems: None
  • TotalMonthlyIncome: 12285

Multi Family

  • Gross Scheduled Income: 124655
  • Net Operating Income: 80920
  • Number Of Units Total: 10
  • Electric Expense: 2000
  • Insurance Expense: 2135
  • Leasable Area: 5140
  • EnergySource: Electric
  • UnitsInBuildingTotal: 10
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2023
  • Tax Annual Amount: 12535

MLS Schools

  • Elementary School: Concord

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

Property History

Date Event Price Change Sq Ft Price
07/05/2025 07/05/25 Price Changed $1,850,000 -1.3% $360 / Sq Ft
05/26/2025 05/26/25 Price Changed $1,875,000 -1.1% $365 / Sq Ft
04/28/2025 04/28/25 Price Changed $1,895,000 -2.8% $369 / Sq Ft
12/02/2024 12/02/24 For Sale $1,950,000 -- $379 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2310259

Northwest Multiple Listing Service (NWMLS)