7043 Beach Drive SW, Seattle, WA 98136
- $2,350,000
Listing courtesy of Lee & Associates Commercial RE. Selling Office: Realogics Sotheby's Int'l Rlty.
- Sold Price
- $2,350,000
- List Price
- $2,595,000
- Status
- SOLD
- MLS#
- 2362936
- Closing Date
- Jul 03, 2025
- Days on Market
- 30
- Style
- 55 - 5-9 Units
- Building Condition
- Average
- Annual Tax Ammount
- 25415
- Lot Size (sq ft)
- 30,530
- Sewer
- Sewer Connected
Property Description
Beachside Five is a lovingly-maintained waterfront property in West Seattle. Built in 1941, this charming property sits directly on a private beach along Puget Sound, offering residents breathtaking view of the water, Olympics Mountains, and Vashon Island. Located between Lincoln Park and the Morgan Junction, Beachside Five provides easy access to West Seattle’s best! Previously considered for condominium conversion, legal documentation is available for a new owner exploring future opportunities. Beachside Five is a rare, turn-key investment offering stability and immediate upside potential. This property is an exceptional waterfront asset in one of Seattle’s most sought-after neighborhoods.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2025-06-03 00:00:00
- Community
- Lincoln Park
- Net Operating Income
- $81,158
- Gross Adjusted Income
- $131,146
- Gross Scheduled Income
- $138,048
- Total Monthly Income
- $11,504
- Insurance Expenses
- $4,076
- Water/Sewer/Garbage Expenses
- $6,997
- Gross Rent Multiplier
- 18.9
- Total Expenses
- $49,990
- Cap Rate
- 3.13
- Vacancy Rate
- 5
- Total Number of Units
- 5
- Unit Name
- 7043
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1941
- Waterfront
- Yes
- View
- Mountain(s), Sound, Territorial
- Roof
- Composition, Flat
- Electric Expenses
- 1
- Other Expenses
- 13500
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $11,504
- Gross Scheduled Income
- $138,048
- Vacancy Rate
- 5
- Gross Adjusted Income
- $131,146
- Tax Year
- 2025
- Insurance Expense
- $4,076
- W/S/G Expenses
- $6,997
- Total Expenses
- $49,990
- Net Operating Income
- $81,158
- Gross Rent Multiplier
- 18.9
- Cap Rate
- 3.13
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.