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Listed by:John L. Scott, Inc • Jonathan D. Bye
$1,500,000
Est. payment /mo
10 Beds
8 Baths
4,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $312
Subdivision Olympic Hills
MLS Listing ID 2567385
Style 55 - 5-9 Units
Bedrooms 10
Year Built 1959
Annual Tax Amount $14,401
Lot Size 8,507 Sqft
Property Sub-Type Multi Family
Property Description
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 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.
Location
State WA
County King
Area 710 - North Seattle
Interior
Flooring Ceramic Tile, Vinyl Plank
Fireplace false
Exterior
Exterior Feature Brick, Stucco, Wood Products
Amenities Available Cable TV, High Speed Internet
View Y/N No
Roof Type Flat
Building
Lot Description Corner Lot, 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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