949 24th Avenue, Seattle, WA 98122
- $1,390,000
- 3,187
- SqFt
Listing courtesy of Windermere Real Estate Co.. Selling Office: Urban Living.
- Sold Price
- $1,390,000
- List Price
- $1,365,000
- Status
- SOLD
- MLS#
- 2360499
- Closing Date
- May 09, 2025
- Days on Market
- 10
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,187
- Area Total SqFt
- 3187
- Annual Tax Ammount
- 10430
- Internet Provider
- Astound
- Lot Size (sq ft)
- 4,500
- Sewer
- Sewer Connected
- Offer Review Date
- 2025-04-23
Property Description
Charming turn-of-the-century 4-plex craftsman comes with an annual income of $119,980 priced with a cap rate of 6.4%. Financeable as a residential property, the sophisticated San Francisco-style building features low vacancy, set high off the street located on a sunny corner lot near PCC and steps from the Pike/Pine corridor for flexible living. From the classic architecture to original hardwood floors, towering ceilings, leaded glass windows and beadboard accents, each apartment home is unique and incredibly private with the option to porch sit, garden and connect with neighbors. The well-maintained building features updated plumbing and electrical, separate addresses and utilities, and a shared basement with laundry and bike/gear storage.
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Additional Information
- List Date
- 2025-04-29 00:00:00
- Community
- Central Area
- Net Operating Income
- $86,330
- Gross Adjusted Income
- $119,980
- Gross Scheduled Income
- $119,980
- Total Monthly Income
- $10,400
- Insurance Expenses
- $2,580
- Water/Sewer/Garbage Expenses
- $9,890
- Gross Rent Multiplier
- 11
- Total Expenses
- $27,556
- Cap Rate
- 6.4
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 949
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1901
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Gas Available, High Speed Internet, Outbuildings, Patio
- Other Expenses
- 4656
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Madrona Elementary
- Middle School
- Meany Mid
- High School
- Garfield High
- Total Monthly Income
- $10,400
- Gross Scheduled Income
- $119,980
- Vacancy Rate
- 5
- Gross Adjusted Income
- $119,980
- Tax Year
- 2025
- Insurance Expense
- $2,580
- W/S/G Expenses
- $9,890
- Total Expenses
- $27,556
- Net Operating Income
- $86,330
- Gross Rent Multiplier
- 11
- Cap Rate
- 6.4
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.