6130 8th Avenue NW, Seattle, WA 98107

$1,130,000
2,410
SqFt

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Listing courtesy of Westlake Associates, Inc.. Selling Office: COMPASS.

Sold Price
$1,130,000
List Price
$1,140,000
Status
SOLD
MLS#
2342604
Closing Date
Apr 09, 2025
Days on Market
6
Style
53 - Tri-plex
Finished SqFt
2,410
Area Total SqFt
2410
Annual Tax Ammount
9031
Lot Size (sq ft)
3,371
Sewer
Sewer Connected

Property Description

Great investment opportunity in Ballard! This triplex includes two 1-bed/1-bath units and one 3-bed/2-bath unit. With recent updates such as new appliances, vinyl plank flooring, quartz counters, and bathroom upgrades, the property is ready for minimal renovations to increase rents. One unit features in-unit washer/dryer, while the others share coin-op laundry. Off-street parking for 2 cars or 4 in tandem. Located in the vibrant West Woodland neighborhood, close to public transit and the best of Ballard, Phinney, Fremont, Greenlake, and Greenwood.

Additional Information

List Date
2025-04-03 00:00:00
Community
Woodland Park
Net Operating Income
$51,381
Gross Adjusted Income
$66,701
Gross Scheduled Income
$69,480
Total Monthly Income
$5,790
Insurance Expenses
$3,294
Water/Sewer/Garbage Expenses
$2,992
Gross Rent Multiplier
16.41
Total Expenses
$24,561
Cap Rate
4.51
Vacancy Rate
4
Total Number of Units
3
Unit Name
6130
Potential Terms
Cash Out, Conventional
Year Built
1920
Roof
Composition
Other Expenses
9244
Energy Source
Electric
School District
Seattle
Total Monthly Income
$5,790
Gross Scheduled Income
$69,480
Vacancy Rate
4
Gross Adjusted Income
$66,701
Tax Year
2025
Insurance Expense
$3,294
W/S/G Expenses
$2,992
Total Expenses
$24,561
Net Operating Income
$51,381
Gross Rent Multiplier
16.41
Cap Rate
4.51
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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