8519 23rd Avenue NE, Seattle, WA 98115
- $1,165,000
- 3,800
- SqFt
Listing courtesy of Realty ONE Group Orca Gold. Selling Office: Pellego, Inc..
- Sold Price
- $1,165,000
- List Price
- $1,250,000
- Status
- SOLD
- MLS#
- 2371423
- Closing Date
- Jun 30, 2025
- Days on Market
- 6
- Style
- 54 - 4-Plex
- Building Condition
- Average
- Finished SqFt
- 3,800
- Area Total SqFt
- 3800
- Annual Tax Ammount
- 9574
- Lot Size (sq ft)
- 6,289
- Sewer
- Sewer Connected
Property Description
Great Seattle 4-Plex opportunity with a tremendous upside. Two 2-bd, 1-bath flats and two 2-bed, 1.5bath two floor units and a shared laundry room for the building. Current tenants are awesome. All but one has been with us long term. Seller is providing a Pre-List inspection for buyer to review...Seller to make no repairs. Property priced to reflect needed repairs and cosmetic maintenance. The identical property next door SOLD on a seller contract for $1.94M and the rent for the units are $2000/month for the smaller units and more for the two level units. Again, this property has a great upside. We have included a neighborhood map showing that the area is in progression with lots of new homes/condos being built. DO NOT DISTURB TENANTS...
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Additional Information
- List Date
- 2025-06-24 00:00:00
- Community
- Wedgwood
- Net Operating Income
- $55,486
- Gross Adjusted Income
- $78,492
- Gross Scheduled Income
- $81,360
- Total Monthly Income
- $6,880
- Insurance Expenses
- $1,800
- Water/Sewer/Garbage Expenses
- $9,500
- Gross Rent Multiplier
- 15.63
- Total Expenses
- $25,874
- Cap Rate
- 4.44
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 8519
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1970
- Roof
- Composition
- Site Features
- Deck
- Other Expenses
- 5000
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $6,880
- Gross Scheduled Income
- $81,360
- Vacancy Rate
- 5
- Gross Adjusted Income
- $78,492
- Tax Year
- 2025
- Insurance Expense
- $1,800
- W/S/G Expenses
- $9,500
- Total Expenses
- $25,874
- Net Operating Income
- $55,486
- Gross Rent Multiplier
- 15.63
- Cap Rate
- 4.44
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.