Listed by Lee & Associates Commercial RE
$5,395,000
$305K PRICE DROP

Estimated payment $33,657/month

Total Views 45,286
27 Beds
23 Baths
12,117 Sq Ft
$445 Price per Sq Ft

Highlights

  • Views of a Sound
  • Corner Lot
  • Property is near a preserve or public land
  • Mercer International Middle School Rated A-
  • No HOA
  • 1-minute walk to Beacon Hill Playfield

About This Home

Desirable unit mix including two studios, thirteen 1-bedrooms, and seven 2-bedrooms. Close proximity to local amenities, outdoor recreation, & key employment drivers. Current below market rents provide future rent upside with the additional of a potential office to unit conversion. Well-maintained pride of ownership buildings, provides future investors with current cashflow and peace of mind for key building systems and in unit spaces.

Listing Agent

Sara Bago

Lee & Associates Commercial RE License #20119704

Lee & Associates Commercial RE

Co-Listing Agent

Candice Chevaillier, CCIM

Lee & Associates Commercial RE License #18886

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2307181

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $42,549

Year Built

  • Built in 1911

Lot Details

  • 7,200 Sq Ft Lot
  • Corner Lot

Property Views

  • Views of a Sound
  • City
  • Mountain

Home Design

  • Flat Roof Shape

Interior Spaces

  • 12,117 Sq Ft Home
  • 3-Story Property
  • Vinyl Plank Flooring

Bedrooms and Bathrooms

  • 27 Bedrooms
  • 23 Bathrooms

Schools

  • Beacon Hill Elementary School
  • Mercer Mid Middle School
  • Franklin High School

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Beacon Hill Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 3881900190

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$42,549

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1911
  • Buyer Agency Compensation: 2.5
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 12117
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 320

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 27
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Flat
  • View: City, Mountain(s), Sound
  • Lot Features: Adjacent to Public Land, Alley, Corner Lot, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: See Remarks
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: Public
  • WaterCompany: Water District
  • WaterSewerGarbage: 39576

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Franklin High
  • Middle Or Junior School: Mercer Mid

Lot Info

  • Parcel Number: 3881900190
  • Lot Size Acres: 0.1653
  • Lot Size Sq Ft: 7200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County
  • MLSSquareFootageSource: Building Plans
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.2
  • LeasedItems: None
  • TotalMonthlyIncome: 36500

Multi Family

  • Gross Scheduled Income: 441600
  • Net Operating Income: 270846
  • Number Of Units Total: 22
  • Insurance Expense: 9626
  • Leasable Area: 12117
  • EnergySource: Electric
  • UnitsInBuildingTotal: 22
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 42549
  • AdditionalTaxIds: 388190-0190

MLS Schools

  • Elementary School: Beacon Hill

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Price Changed $5,395,000 -5.4% $445 / Sq Ft
11/11/2024 11/11/24 For Sale $5,700,000 -- $470 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2307181

Northwest Multiple Listing Service (NWMLS)