821 17th Avenue, Seattle, WA 98122

$1,750,000
3,710
SqFt

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Listing courtesy of Keller Williams Realty PS. Selling Office: Keller Williams Realty PS.

Sold Price
$1,750,000
List Price
$1,750,000
Status
SOLD
MLS#
2189050
Closing Date
May 02, 2025
Days on Market
8
Style
52 - Duplex
Finished SqFt
3,710
Area Total SqFt
3710
Annual Tax Ammount
12003
Lot Size (sq ft)
7,680
Sewer
Sewer Connected

Property Description

Development opportunity! Builder alert! LR1 Zoning allows for 6 townhomes or 24 to 25 mini unit apartments. Total building square footage 9,984. Each townhome could be up to 1,664 square feet. Presently two rental homes on property. Do not disturb tenants. Front house is 3110 square feet with basement. Back house is 600 square feet. Total rental income is $5,550. Leave tenants in while you get permits for income. No sign on property. Buyer to verify all information and buyer to do all feasibility work.

Additional Information

List Date
2025-04-24 00:00:00
Community
Capitol Hill
Net Operating Income
$15,547
Gross Adjusted Income
$15,547
Gross Scheduled Income
$27,550
Total Monthly Income
$5,550
Gross Rent Multiplier
64
Total Expenses
$12,003
Cap Rate
1
Total Number of Units
2
Unit Name
821
Potential Terms
Cash Out, Conventional
Year Built
1903
Roof
Composition
Site Features
Fenced-Fully, Fenced-Partially, Gas Available
Energy Source
Electric, Natural Gas
School District
Seattle
Total Monthly Income
$5,550
Gross Scheduled Income
$27,550
Gross Adjusted Income
$15,547
Tax Year
2023
Total Expenses
$12,003
Net Operating Income
$15,547
Gross Rent Multiplier
64
Cap Rate
1
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.
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