461 N 39th Street, Seattle, WA 98103
- $1,806,000
- 6,310
- SqFt
Listing courtesy of Windermere Real Estate Midtown. Selling Office: KW Mountains to Sound Realty.
- Sold Price
- $1,806,000
- List Price
- $1,700,000
- Status
- SOLD
- MLS#
- 2320835
- Closing Date
- Feb 19, 2025
- Days on Market
- 12
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 6,310
- Area Total SqFt
- 6310
- Annual Tax Ammount
- 16755
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
- Offer Review Date
- 2025-01-17
Property Description
Incredibly well-maintained 5-unit in the heart of Fremont with historically low vacancy rate and rental upside! Four large 2 bd/1.5 bth units and one 1 bd/1 bth unit averaging over 1,030 SF. All units feature in-unit W/D, dishwasher, dining area off kitchen, deck or patio, and off-street parking. The light filled units also have large rooms, tons of storage, and double pane windows. 3 of the 5 units have updated kitchens/bathrooms. Phenomenal location, on a bus line, and just blocks to Burke-Gilman Trail and the Center of the Universe! Excellent investment as-is -- plus the opportunity for an owner-user to occupy one unit while collecting income from the other four units. Please do not disturb tenants. Rents and expenses shown are actual.
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Additional Information
- List Date
- 2025-02-07 00:00:00
- Community
- Fremont
- Net Operating Income
- $87,263
- Gross Adjusted Income
- $144,449
- Gross Scheduled Income
- $152,052
- Total Monthly Income
- $12,018
- Insurance Expenses
- $12,230
- Water/Sewer/Garbage Expenses
- $10,173
- Gross Rent Multiplier
- 11.18
- Total Expenses
- $57,187
- Cap Rate
- 5.13
- Vacancy Rate
- 5
- Total Number of Units
- 5
- Unit Name
- 461
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1971
- View
- City, Territorial
- Roof
- Built-Up, Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Patio
- Electric Expenses
- 192
- Other Expenses
- 17837
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $12,018
- Gross Scheduled Income
- $152,052
- Vacancy Rate
- 5
- Gross Adjusted Income
- $144,449
- Tax Year
- 2024
- Insurance Expense
- $12,230
- W/S/G Expenses
- $10,173
- Total Expenses
- $57,187
- Net Operating Income
- $87,263
- Gross Rent Multiplier
- 11.18
- Cap Rate
- 5.13
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.