812 N 59th Street, Seattle, WA 98103
- $800,000
- 1,970
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Every Door Real Estate.
- Sold Price
- $800,000
- List Price
- $850,000
- Status
- SOLD
- MLS#
- 2369785
- Closing Date
- Sep 03, 2025
- Days on Market
- 105
- Style
- 53 - Tri-plex
- Finished SqFt
- 1,970
- Area Total SqFt
- 1970
- Annual Tax Ammount
- 8892
- Lot Size (sq ft)
- 4,000
- Sewer
- Sewer Connected
Property Description
Situated just west of Green Lake on a tranquil street, the property boasts an ideal location with seamless access to State Route 99, downtown Seattle, and Green Lake. The triplex comprises three one-bedroom units, each featuring a contemporary floor plan along with shared coin operated laundry. The upper units are distinguished by vaulted ceilings and an abundance of natural light while the interiors exhibit timeless elegance through hardwood floors and original cabinetry. This value-add opportunity offers tremendous upside through increased rents and the ability to capture additional upside through modernization and cosmetic improvements.
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Additional Information
- List Date
- 2025-05-21 00:00:00
- Community
- Woodland Park
- Net Operating Income
- $26,309
- Gross Adjusted Income
- $42,009
- Gross Scheduled Income
- $44,220
- Total Monthly Income
- $3,685
- Insurance Expenses
- $1,181
- Water/Sewer/Garbage Expenses
- $2,032
- Gross Rent Multiplier
- 19.22
- Total Expenses
- $15,700
- Cap Rate
- 3.1
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 812
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1950
- Roof
- Composition
- Other Expenses
- 3595
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $3,685
- Gross Scheduled Income
- $44,220
- Vacancy Rate
- 5
- Gross Adjusted Income
- $42,009
- Tax Year
- 2024
- Insurance Expense
- $1,181
- W/S/G Expenses
- $2,032
- Total Expenses
- $15,700
- Net Operating Income
- $26,309
- Gross Rent Multiplier
- 19.22
- Cap Rate
- 3.1
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.