Ideally located just a few blocks north of the University of Washington campus, this 5-unit multifamily apartment community is within walking distance of The Ave's retail and dining corridor and benefits from the neighborhood's excellent transit connectivity. The property features a desirable unit mix of two one-bedroom and three two-bedroom… Read More units, averaging approximately 763 square feet. The building has a pitched composition roof. Two units have been recently renovated, and capital improvements include an updated electrical system with Square D panels, new sewer lines and dual-pane windows throughout, reducing near-term capex exposure for a new owner. The three remaining classic units offer rent upside upon turnover, giving investors a phased value-add path rather than requiring day-one repositioning. Five off-alley parking spaces, a meaningful advantage in this parking-constrained submarket, plus on-site laundry and storage round out the offering, supporting both tenant retention and ancillary income potential. Offered at $265,000 per unit and below $350 per square foot, the property presents an attractive basis and offers long-term stability close to the city's largest institutions. Read Less
Listing courtesy of Kidder Mathews 360-705-2800
Listing Snapshot | Source HomeJunction
Cumulative Days On Market
17
Days on Website
17
Last Updated
Property Type
Multi Family
Square Ft.
32,983
Lot Size
0.1 Acres
Year Built
1911
Property Tax
$13,209
MLS Number
2583445
Additional Details | Source HomeJunction
Building
Built in 1911, Built in 1985 (effective), 3 stories, Construction Materials: Wood
Cooling
None
Energy Saving
Energy Efficiency: Thermal Windows
Expenses
Insurance: $4,500, Other Expense: $15,157
Exterior Features
Wood
Foundation
Poured Concrete
Heating
Baseboard, Forced Air
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $115,800, Net Operating Income: $69,063
The "three tree" icon indicates listings provided by Northwest Multiple Listing Service.
The listings presented here may or may not be listed by Wesley Lau. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing.
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.
The "three tree" icon indicates listings provided by Northwest Multiple Listing Service. The listings presented here may or may not be listed by Iolanthe Chan-McCarthy. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. Listings last updated on .
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