Listing Broker: Venture Real Estate Group LLC; Jamie Langsford; 425-531-7966; [email protected]
$1,995,000
A rare five-unit income opportunity in prime Capitol Hill: this fourplex now includes a newly completed lower-level ADU (finished May 2026), currently leased month-to-month. Breathtaking Lake Union and Gas Works Park views from four units, with downtown and Space Needle views from the property. Recent updates include a brand-new torch-down… Read More roof with all-new flashing, stucco and trim repairs, fresh exterior paint, professionally repaired and reinforced foundation cracks, galvanized pipes replaced with PEX, a newer sewer main, new water heaters (2021-2022), remodeled bathrooms in Apts 1 and 3, a new back deck, Trex front stairs, retaining wall and keycode entry. Private on-site laundry for 3 units, with new washer/dryers in two top units. Tenant-occupied with long-term and short-term tenancies, offering great owner-occupant potential. Convenient access to I-5, downtown, South Lake Union and the Eastside. Excellent 1031 investment opportunity. The property may qualify for residential financing as a 1-4 unit property with an ADU; buyer to verify. Contact the listing agent to schedule a tour. Read Less
Listing Broker: Venture Real Estate Group LLC; Jamie Langsford; 425-531-7966; [email protected]
Listing Snapshot | Source HomeJunction
Cumulative Days Active
26
Last Updated
Property Type
Multi Family
Square Ft.
2,602
Lot Size
0.09 Acres
Year Built
1912
Property Tax
$12,929
MLS Number
2589625
Additional Details | Source HomeJunction
Building
Built in 1912, Built in 1912 (effective), 3 stories, Construction Materials: Stucco
Cooling
None
Expenses
Electric: $932.94, Insurance: $2,944, Other Expense: $34,809.9
Exterior Features
Stucco
Floors
Ceramic Tile, Hardwood, Carpet
Foundation
Poured Concrete
Heating
Baseboard
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $152,141, Net Operating Income: $115,442
Lot
0.086 acres, Curbs, Paved, Sidewalk, Value In Land
Property
Good, Leasable area: 2602, City, Lake, Mountains, Territorial
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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