7919 Wallingford Avenue N, Seattle, WA 98103
- $3,025,000
- 8,800
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $3,025,000
- List Price
- $3,250,000
- Status
- SOLD
- MLS#
- 2457314
- Closing Date
- May 01, 2026
- Days on Market
- 153
- Style
- 56 - 10+ Units
- Finished SqFt
- 8,800
- Area Total SqFt
- 8800
- Annual Tax Ammount
- 33420
- Lot Size (sq ft)
- 8,318
- Sewer
- Sewer Connected
Property Description
The Abbey Apartments is an 11-unit, value-add building in a remarkable Green Lake location. Located just a parcel away from the north shore of Green Lake, the property has been owned and cared for by the same family that had it built and offers an investor the rare opportunity to acquire a high-quality asset with immediate income upside and value-add opportunity. The property features 7 - one-bedroom/one-bath units, 3 - two-bedroom/one bath units, and a spacious (1,400 SqFt) three-bedroom/two-bath penthouse. With an average unit size of 800 SqFt, residents enjoy generous living space in each home and units appeal to a wide range of renters.
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Additional Information
- List Date
- 2025-11-29 00:00:00
- Community
- Green Lake
- Net Operating Income
- $146,022
- Gross Adjusted Income
- $243,690
- Gross Scheduled Income
- $248,663
- Total Monthly Income
- $20,772
- Insurance Expenses
- $12,849
- Water/Sewer/Garbage Expenses
- $18,529
- Gross Rent Multiplier
- 13.07
- Total Expenses
- $97,668
- Cap Rate
- 4.49
- Vacancy Rate
- 2
- Total Number of Units
- 12
- Unit Name
- 7919
- Potential Terms
- Cash, Conventional
- Year Built
- 1969
- Roof
- Flat
- Other Expenses
- 32870
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $20,772
- Gross Scheduled Income
- $248,663
- Vacancy Rate
- 2
- Gross Adjusted Income
- $243,690
- Tax Year
- 2025
- Insurance Expense
- $12,849
- W/S/G Expenses
- $18,529
- Total Expenses
- $97,668
- Net Operating Income
- $146,022
- Gross Rent Multiplier
- 13.07
- Cap Rate
- 4.49
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.