3469 6th Avenue W, Seattle, WA 98119
- $1,100,000
- 3,888
- SqFt
Listing courtesy of Lee & Associates Commercial RE. Selling Office: Berkshire Hathaway HS NW.
- Sold Price
- $1,100,000
- List Price
- $1,345,000
- Status
- SOLD
- MLS#
- 2405506
- Closing Date
- Sep 26, 2025
- Days on Market
- 47
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,888
- Area Total SqFt
- 3888
- Annual Tax Ammount
- 10343
- Lot Size (sq ft)
- 4,800
- Sewer
- Sewer Connected
Property Description
This fourplex, built in 1956 has all 1 BR 1BA units averaging 566SF. Currently 100% vacant, there is an the opportunity to immediately lease-up at market rents or renovate the units to achieve even higher income potential. The property has received system updates including roof (2008), vinyl windows, and copper/PEX plumbing. A large common area with laundry and storage, connected to the garage, offers a potential opportunity to add two more units (buyer to verify). The adjacent parcel with a duplex is also available, for a total of six units and 8,800 LSF zoned MIO-37-LR3 RC (M). This opportunity is ideal for an owner-occupant or investors seeking a well-located property with long-term upside.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2025-08-10 00:00:00
- Community
- Queen Anne
- Net Operating Income
- $62,096
- Gross Adjusted Income
- $80,439
- Gross Scheduled Income
- $84,228
- Total Monthly Income
- $6,703
- Insurance Expenses
- $3,200
- Water/Sewer/Garbage Expenses
- $4,800
- Gross Rent Multiplier
- 15.97
- Total Expenses
- $18,343
- Cap Rate
- 4.62
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 3469
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1956
- View
- Canal
- Roof
- Flat
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Frantz Coe Elementary
- Middle School
- Mc Clure Mid
- High School
- Lincoln High
- Total Monthly Income
- $6,703
- Gross Scheduled Income
- $84,228
- Vacancy Rate
- 5
- Gross Adjusted Income
- $80,439
- Tax Year
- 2025
- Insurance Expense
- $3,200
- W/S/G Expenses
- $4,800
- Total Expenses
- $18,343
- Net Operating Income
- $62,096
- Gross Rent Multiplier
- 15.97
- Cap Rate
- 4.62
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.