Listed by Kidder Mathews, Bought with Lee & Associates Commercial RE
NOT LISTED FOR SALE
-- Bed
-- Bath
2,885 Sq Ft
2,790 Sq Ft Lot

Last Sold August 05, 2021

Last sale price $1,225,000 $425 Per Sq Ft

21 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • 3-minute walk to Spring Street Mini Park
  • Garfield High School Rated A
  • Wood Siding

About This Home

As of August 2021

Ideally-located classic Capitol Hill 4-Plex. Thoroughly updated and maintained by long-term owner-user. Ability to raise rents substantially with current unit finishes, or renovate units and utilize attic and basement as additional rentable area to fully optimize operations. 3 of the 4 units will be vacant and available for re-lease or renovation on day 1 of new ownership. Ideally located across the street from Seattle University, and steps from Capitol Hill’s countless amenities.

*Listed Income and Expense are Proforma.

Last Agent to Sell the Property

Winslow Lee

Kidder Mathews License #136708 Listed on: 05/26/2021

Last Buyer's Agent

Daniel Lim

Lee & Associates Commercial RE License #131121

Lee & Associates Commercial RE

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1780693

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,544

Year Built

  • Built in 1904

Lot Details

  • 2,790 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Parking

  • 2 Parking Spaces

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,885 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Community Details

  • Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2254500650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,544

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1904
  • Buyer Agency Compensation: 2%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2885
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: For Tours Contact Matt Laird 4257365516
  • Special Features: VirtualTour
  • Cumulative Days on Market: 381

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Carpet
  • Interior Amenities: Hardwood, Laminate, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Curbs, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 5600

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2254500650
  • Lot Size Acres: 0.064
  • Lot Size: 2,790
  • Lot Size Sq Ft: 2790
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County Parcel Viewer
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 25
  • LeasedItems: None
  • TotalMonthlyIncome: 6528

Multi Family

  • Gross Scheduled Income: 78336
  • Net Operating Income: 55669
  • Number Of Units Total: 4
  • Insurance Expense: 2422
  • Leasable Area: 2885
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2021
  • Tax Annual Amount: 13544
  • AdditionalTaxIds: 225450-0650

Range of Values:

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Sold Price
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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
08/05/2021 08/05/21 Sold $1,225,000 -9.3% $425 / Sq Ft
06/16/2021 06/16/21 Pending -- -- --
05/26/2021 05/26/21 For Sale $1,350,000 -- $468 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1780693

Northwest Multiple Listing Service (NWMLS)