Listing courtesy of Lee & Associates Commercial RE
$1,495,000
We are pleased to present the 10th Ave W Fourplex in Seattle’s Queen Anne neighborhood. This offering presents a rare combination of immediate usability, flexible investment strategies, and future upside. Delivered vacant, the property is well suited for an owner occupant seeking to move in immediately… Read More while renovating or repositioning the remaining units over time. The property may also appeal to townhome developers evaluating the LR1 (M) zoning and 7,200 square foot lot for future redevelopment potential, subject to buyer verification. It features four individually metered residences with a unique mix of updated interiors, double pane windows offering sweeping views, and in unit washer and dryers. The units include hardwood flooring, stainless steel and white appliances, dishwashers, updated cabinetry, private deck access, and walk-in closet space. Recent improvements include a replacement water heater system completed in 2023 and electrical upgrades completed in conjunction with the water heater installation. The building also includes basement storage, seven parking spaces, and two garage spaces. With a blend of existing improvements and additional upside through continued interior modernization and operational review, the property presents investors with the opportunity to acquire a well located small multifamily asset in one of Seattle’s most established rental neighborhoods Read Less
Listing courtesy of Lee & Associates Commercial RE
Listing Snapshot
Cumulative Days On Market
20
Days on Website
20
Last Updated
Property Type
Multi Family
Square Ft.
3,550
Lot Size
0.17 Acres
Year Built
1906
Property Tax
$16,260
MLS Number
2585477
Additional Details
Building
Built in 1906, Built in 1993 (effective), 3 stories, Construction Materials: Wood
Cooling
None
Expenses
Insurance: $4,500
Exterior Features
Wood
Floors
Hardwood, Vinyl, Carpet
Foundation
Block
Garage
2 spaces
Heating
Forced Air, Radiant
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $112,740, Net Operating Income: $85,037
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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