Outstanding multifamily investment opportunity in North Seattle featuring a desirable mix of one- and two-bedroom residences averaging approximately 600 square feet. The efficient unit layouts appeal to a broad tenant base, providing affordable, functional living for individuals and small households in a highly desirable location. Several major capital improvements have… Read More already been completed, reducing near-term ownership costs and enhancing long-term operational stability. Recent upgrades include a roof replacement approximately six years ago and the installation of modern Square D electrical panels. Tenant amenities include on-site laundry facilities, dedicated storage units, five off-street parking spaces, and ample street parking, creating added convenience and supporting tenant retention. Convenient access to Seattle, the Eastside, and North King County provides excellent connectivity to major employment centers throughout the Puget Sound region. Combined with recent capital improvements, the property's efficient unit mix, desirable location, and strong regional accessibility position it as an excellent investment opportunity offering stable cash flow with long-term upside potential. Read Less
Listing courtesy of John L. Scott, Inc
Listing Snapshot
Cumulative Days Active
70
Last Updated
Property Type
Multi Family
Square Ft.
4,800
Lot Size
0.2 Acres
Year Built
1959
Property Tax
$14,401
MLS Number
2567385
Additional Details
Building
Built in 1959, 2 stories, Construction Materials: Brick, Stucco, Wood
Cooling
None
Expenses
Insurance: $4,168, Other Expense: $23,344
Exterior Features
Brick, Stucco, Wood Products
Floors
Ceramic Tile, Vinyl Plank
Heating
Baseboard
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $134,882, Net Operating Income: $83,984
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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