3421 23rd Avenue W, Seattle, WA 98199

$1,513,000
3,832
SqFt

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Listing courtesy of L. Dankers Real Estate Group. Selling Office: eXp Realty.

Sold Price
$1,513,000
List Price
$1,600,000
Status
SOLD
MLS#
2393376
Closing Date
Sep 18, 2025
Days on Market
57
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
3,832
Area Total SqFt
3832
Annual Tax Ammount
13999
Internet Provider
Comcast
Lot Size (sq ft)
7,000
Sewer
Sewer Connected

Property Description

Very clean & well-maintained Mid-Century Modern 4-plex on Magnolia. Both upper units are 2 bedrooms, 2 bath with vaulted ceilings, fireplace, dining area and large deck with territorial views. Lower 2-bedroom unit has new flooring, kitchen and bath with large outdoor patio. Lower back unit is a large one bedroom with outside sitting area. Building has a large laundry room with coin-op washer/dryer and 4 storage units. 5 parking spaces, 3 covered, 2 uncovered. Easy access, 1 block to bus line.

Additional Information

List Date
2025-07-23 00:00:00
Community
Magnolia
Net Operating Income
$71,174
Gross Adjusted Income
$88,173
Gross Scheduled Income
$90,900
Total Monthly Income
$7,575
Insurance Expenses
$2,400
Gross Rent Multiplier
17.6
Total Expenses
$16,999
Cap Rate
4.4
Vacancy Rate
3
Total Number of Units
4
Unit Name
3421
Potential Terms
Cash Out, Conventional
Year Built
1969
View
Territorial
Roof
Torch Down
Site Features
Deck, Patio
Electric Expenses
600
Energy Source
Electric
School District
Seattle
Elementary School
Buyer To Verify
Middle School
Mc Clure Mid
High School
Ballard High
Total Monthly Income
$7,575
Gross Scheduled Income
$90,900
Vacancy Rate
3
Gross Adjusted Income
$88,173
Tax Year
2025
Insurance Expense
$2,400
Total Expenses
$16,999
Net Operating Income
$71,174
Gross Rent Multiplier
17.6
Cap Rate
4.4
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.
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