5221 38th Avenue SW, Seattle, WA 98126
- $1,365,000
- 3,280
- SqFt
Listing courtesy of Windermere Real Estate Co.. Selling Office: KW Mountains to Sound Realty.
- Sold Price
- $1,365,000
- List Price
- $1,375,000
- Status
- SOLD
- MLS#
- 2344856
- Closing Date
- Jun 06, 2025
- Days on Market
- 8
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,280
- Area Total SqFt
- 3280
- Annual Tax Ammount
- 11884
- Lot Size (sq ft)
- 6,545
- Sewer
- Sewer Connected
Property Description
Excellent investment opportunity located on a quiet, dead-end street near Alaska & Morgan Junction amenities, Fairmount Park, & w/easy access to the West Seattle bridge. This well-maintained 4-plex includes 2 bed, 1 bath end-units approx 820 SF, all w/good natural light, functional layouts, a small deck or yard, & in-unit W/D. Enjoy solid income w/the ability to improve operations, renovate on turnover, or potential to owner-occupy. Find an attached 2-car garage & sizable storage areas + an additional 6-8~ tandem parking off the alley. The 6,545 SF street-to-alley LR2(M) lot provides future development potential. Recent improvements include exterior paint & reglazing 36 windows. This is a flexible asset w/ multiple investment strategies.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2025-05-29 00:00:00
- Community
- Fairmount
- Net Operating Income
- $59,872
- Gross Adjusted Income
- $93,120
- Gross Scheduled Income
- $96,000
- Total Monthly Income
- $8,000
- Insurance Expenses
- $3,865
- Water/Sewer/Garbage Expenses
- $5,563
- Gross Rent Multiplier
- 14.32
- Total Expenses
- $33,248
- Cap Rate
- 4.35
- Vacancy Rate
- 3
- Total Number of Units
- 4
- Unit Name
- 5221
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1954
- Roof
- Composition
- Other Expenses
- 11936
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $8,000
- Gross Scheduled Income
- $96,000
- Vacancy Rate
- 3
- Gross Adjusted Income
- $93,120
- Tax Year
- 2025
- Insurance Expense
- $3,865
- W/S/G Expenses
- $5,563
- Total Expenses
- $33,248
- Net Operating Income
- $59,872
- Gross Rent Multiplier
- 14.32
- Cap Rate
- 4.35
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.