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Listed by:Realogics Sotheby's Int'l Rlty • Demetre Skepetaris
$1,228,888
Est. payment /mo
7 Beds
4 Baths
2,880 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $426
Subdivision Magnolia
MLS Listing ID 2562308
Style 54 - 4-Plex
Bedrooms 7
Year Built 1959
Annual Tax Amount $10,018
Lot Size 5,625 Sqft
Property Sub-Type Multi Family
Property Description
Fantastic opportunity to own a well-located fourplex in Seattle's desirable Magnolia neighborhood. Three units are currently leased, while Unit 3 is intentionally being held vacant to provide easy access for showings and flexibility for the next owner. Ownership has historically prioritized stable, long-term tenancies and limited turnover, resulting in several rents remaining on the lower end and offering potential for future income growth. The property includes four dedicated off-street parking stalls—one for each unit—on-site laundry and a shared backyard area. Zoned LR3(M), the property may also offer long-term redevelopment or value-add possibilities, subject to buyer verification and applicable City of Seattle requirements. Conveniently located near Magnolia Village, Discovery Park, Queen Anne, Ballard and Downtown Seattle, with easy access to neighborhood shops, restaurants, parks, transit and major employment centers. An appealing opportunity for an investor or owner-occupant seeking established rental income, immediate leasing flexibility and long-term potential in one of Seattle's most established neighborhoods. Please do not disturb tenants.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Flooring Laminate, Carpet
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Amenities Available Patio
View Y/N Yes
View Golf Course, Territorial
Roof Type Flat
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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