9256 Interlake Avenue N, Seattle, WA 98103

$925,000
5,110
SqFt

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Listing courtesy of Wilson Realty Exchange, Inc.. Selling Office: Heaton Dainard, LLC.

Sold Price
$925,000
List Price
$1,195,000
Status
SOLD
MLS#
2469761
Closing Date
Feb 27, 2026
Days on Market
15
Style
53 - Tri-plex
Finished SqFt
5,110
Area Total SqFt
5110
Annual Tax Ammount
11828
Internet Provider
Comcast
Lot Size (sq ft)
5,200
Sewer
Sewer Connected

Property Description

Huge tri-plex on a 5200 sq. ft. corner lot with 3 private garages and additional off street parking for up to 5 cars. All units are 2+ bedrooms and 1.75+ baths. Apts. 101 & 201 have private covered balconies looking out onto Licton Springs Park while 102 is a 3 level townhouse with a private patio and garden space. Located on a quiet cul-de-sac there is a short 1/2 block path directly to the park. This is an excellent opportunity to build some sweat equity and leverage the rental income to capture great long term returns on a higher value property than you might otherwise be unable to afford. The building has been run as a rooming house but has great upside potential for increasing rental income with remodeling. Three separate electrical meters for each unit. Rents are proforma. Buyer to confirm. Expenses were all paid the owner. Square footage is estimated. Buyer to confirm to their satisfaction.

Additional Information

List Date
2026-02-12 00:00:00
Community
Licton Springs
Net Operating Income
$59,707
Gross Adjusted Income
$88,500
Gross Scheduled Income
$88,560
Insurance Expenses
$2,025
Water/Sewer/Garbage Expenses
$7,100
Gross Rent Multiplier
13.5
Total Expenses
$28,853
Cap Rate
5
Total Number of Units
3
Unit Name
9256
Potential Terms
Cash, Conventional, Rehab Loan
Year Built
1972
View
Territorial
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, Patio
Electric Expenses
7900
Energy Source
Electric
School District
Seattle
Gross Scheduled Income
$88,560
Gross Adjusted Income
$88,500
Tax Year
2025
Insurance Expense
$2,025
W/S/G Expenses
$7,100
Total Expenses
$28,853
Net Operating Income
$59,707
Gross Rent Multiplier
13.5
Cap Rate
5
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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