Listing courtesy of John L. Scott, Inc. 425-454-2437
$1,475,000
Rare development opportunity for Townhome Builder or Value-Add Investor in the heart of the South Lake Union/Eastlake corridor. Prime lot offers sweeping, protected views of Lake Union, the Seattle Skyline, and the Olympic Mountains. Able to accommodate 4-5 new townhomes. Two larger townhomes could be… Read More built off the alley & three smaller ones facing Lake Union (or vice versa). Avg unit size = 1,793 sq ft. The property currently houses a very clean, well-maintained, solid income producing 4-plex generating healthy returns while you navigate the permitting process. Landlord has never increased rent on a tenant. Zero vacancy. Outstanding tenants. Rents below market rate. Each unit features 1 bed/1 bath, fireplace, washer/dryer, dishwasher, hardwood flooring, parking. Large living rm could easily accomodate a 2nd bdrm in each unit. View photos shot from future 3rd -4th floor/roof top deck of this Bldg. Located on bus line & w/in walking distance to Amazon, Google, and the life sciences hub. 5 off-street parking spaces in rear. Zoned LR2(M), allowing for up to 4 stories with rooftop decks. Ideal opportunity for investor, builder or owner/occupant! Read Less
Listing courtesy of John L. Scott, Inc. 425-454-2437
Listing Snapshot
Cumulative Days On Market
73
Days on Website
74
Last Updated
Property Type
Quadruplex
Square Ft.
3,000
Lot Size
0.12 Acres
Year Built
1987
Property Tax
$13,690
MLS Number
2481300
30 Days Snapshot Of 98102
$1.08M
-14%
(avg) sold price
32
+60%
homes sold
54
-28%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 3000, Building Area Units: Square Feet, Building Name: Greene's ADD, Calculated Square Footage: 3000, Elevation Units: Feet, Leasable Area: 3000, Living Area: 0, Number Of Units Total: 4, Stories Total: 2, Structure Type: "Quadruplex", Units In Building Total: 4, Year Built: 1987, Year Built Effective: 1987
Property Condition: "Very Good", Site Features: High Speed Internet, Patio, Zoning Description: Multi-Family
Roof
Roof: "Torch Down"
Sewer
Sewer: "Sewer Connected", Sewer Company: Seattle Public Utilities
Utilities
Electric Expense: 0, Fuel Expense: 0, Power Company: Seattle City Light, Power Production Type: "Electric", Water Company: Seattle Public Utilities, Water Source: "Public"
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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