2251 NE Blakeley Street, Seattle, WA 98105
- $3,820,000
- 12,387
- SqFt
Listing courtesy of Kidder Mathews. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $3,820,000
- List Price
- $4,300,000
- Status
- SOLD
- MLS#
- 2322516
- Closing Date
- Apr 04, 2025
- Days on Market
- 5
- Style
- 56 - 10+ Units
- Finished SqFt
- 12,387
- Area Total SqFt
- 12387
- Annual Tax Ammount
- 42645
- Lot Size (sq ft)
- 12,534
- Sewer
- Sewer Connected
Property Description
On the market for the first time in 25 years, Trailwood Apartments in conveniently located in Seattle's desirable Ravenna neighborhood steps to the University of Washington and University Village. Constructed in 1987, Trailwood Apartments in comprised of 17 on-bedroom/one-bathroom homes, each boasting a spacious floor plan, a deck or patio, a dishwasher and garbage disposal, multiple closets, and sufficient space for new ownership to install in-unit laundry (buyer to verify). Residents benefit from a total of 18 off-street parking spaces, of which 8 covered, an on-site laundry facility, storage lockers, and large tenant and/or owner storage with bathroom. The property features stucco siding and a pitched composition roof.
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Additional Information
- List Date
- 2025-03-30 00:00:00
- Community
- Ravenna
- Net Operating Income
- $180,566
- Gross Adjusted Income
- $309,903
- Gross Scheduled Income
- $326,214
- Total Monthly Income
- $27,184
- Insurance Expenses
- $10,025
- Water/Sewer/Garbage Expenses
- $17,402
- Gross Rent Multiplier
- 13.2
- Total Expenses
- $129,337
- Cap Rate
- 4.2
- Vacancy Rate
- 5
- Total Number of Units
- 17
- Unit Name
- 2251
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1987
- Roof
- Composition
- Site Features
- Fenced-Partially
- Other Expenses
- 59265
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Laurelhurst
- Middle School
- Eckstein Mid
- High School
- Roosevelt High
- Total Monthly Income
- $27,184
- Gross Scheduled Income
- $326,214
- Vacancy Rate
- 5
- Gross Adjusted Income
- $309,903
- Tax Year
- 2024
- Insurance Expense
- $10,025
- W/S/G Expenses
- $17,402
- Total Expenses
- $129,337
- Net Operating Income
- $180,566
- Gross Rent Multiplier
- 13.2
- Cap Rate
- 4.2
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.