4700 SW Othello Street, Seattle, WA 98116
- $1,325,000
- 3,850
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Skyline Properties, Inc..
- Sold Price
- $1,325,000
- List Price
- $1,450,000
- Status
- SOLD
- MLS#
- 2460664
- Closing Date
- Feb 25, 2026
- Days on Market
- 55
- Style
- 55 - 5-9 Units
- Finished SqFt
- 3,850
- Area Total SqFt
- 3850
- Annual Tax Ammount
- 11614
- Lot Size (sq ft)
- 4,170
- Sewer
- Sewer Connected
Property Description
The Lincoln Park 6 is a six-unit multifamily investment located in the highly coveted Lincoln Park/Fauntleroy neighborhood of West Seattle. Just one block from Lincoln Park and minutes to the California Ave SW retail corridor and Alki Beach, the property is ideally positioned to benefit from strong renter demand, exceptional walkability, and the enduring appeal of West Seattle’s premier coastal amenities. Opportunities to acquire apartments in this pocket are limited due to historically low turnover, making The Lincoln Park 6 a rare chance to secure a well-located asset in one of West Seattle’s desirable submarkets.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2026-01-01 00:00:00
- Community
- Lincoln Park
- Net Operating Income
- $72,371
- Gross Adjusted Income
- $106,408
- Gross Scheduled Income
- $112,008
- Total Monthly Income
- $112,008
- Insurance Expenses
- $6,000
- Water/Sewer/Garbage Expenses
- $10,406
- Gross Rent Multiplier
- 12.94
- Total Expenses
- $43,877
- Cap Rate
- 4.99
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 4700
- Potential Terms
- Cash, Conventional
- Year Built
- 1910
- Roof
- Flat
- Other Expenses
- 15857
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $112,008
- Gross Scheduled Income
- $112,008
- Vacancy Rate
- 5
- Gross Adjusted Income
- $106,408
- Tax Year
- 2025
- Insurance Expense
- $6,000
- W/S/G Expenses
- $10,406
- Total Expenses
- $43,877
- Net Operating Income
- $72,371
- Gross Rent Multiplier
- 12.94
- Cap Rate
- 4.99
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.