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Listed by:Westlake Associates, Inc. • Curran C. Hagstrom
$1,565,000
Est. payment /mo
6 Beds
5 Baths
4,305 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,305 sqft
Price per Sqft $363
Subdivision Sunset Hill
MLS Listing ID 2526302
Style 55 - 5-9 Units
Bedrooms 6
Year Built 1954
Annual Tax Amount $15,769
Lot Size 8,100 Sqft
Property Sub-Type Multi Family
Property Description
Originally constructed in 1954, the property consists of a well-maintained single-story Roman brick veneer building featuring four spacious 1-bedroom units averaging approximately 760 SF and one large 2-bedroom unit totaling approximately 1,247 SF. The units feature highly functional floorplans with dual east and west side entries that create a unique “small home” feel rarely found in apartment living. Strong tenant retention speaks to the appeal of both the property and location. Current ownership has extensively updated and maintained the property over the years. Interior renovations include updated kitchens and bathrooms with new countertops, tile backsplashes, upgraded appliance packages, and refinished original oak hardwood floors throughout. Major capital improvements include copper plumbing supply lines, double-pane vinyl windows, and seismic retrofitting of the foundation. Additional amenities include ample off-street parking with a 1:1 parking ratio, secure common laundry facilities, and tenant storage lockers. With an in-place NOI of approximately $85,000 and a 5.4% cap rate, 3207 NW 64th St offers investors immediate cash flow, ease of management, and long-term appreciation potential in one of Seattle's most supply-constrained rental markets.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Flooring Hardwood, Laminate
Fireplace false
Exterior
Exterior Feature Brick, Wood
View Y/N No
Roof Type Composition
Building
Lot Description Alley, Curbs, Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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