2845 21st Avenue W, Seattle, WA 98199
- $1,175,000
- 3,020
- SqFt
Listing courtesy of Coldwell Banker Bain. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $1,175,000
- List Price
- $1,250,000
- Status
- SOLD
- MLS#
- 2479377
- Closing Date
- Mar 05, 2026
- Days on Market
- 5
- Style
- 53 - Tri-plex
- Finished SqFt
- 3,020
- Area Total SqFt
- 3020
- Annual Tax Ammount
- 9549
- Lot Size (sq ft)
- 5,400
- Sewer
- Sewer Connected
Property Description
Super well-maintained mid-century Triplex in charming Magnolia! 1 tenant, 1 owner occupied, 1 vacant, providing maximum flexibility for new owner. Zoned NR3, with gentle topography and street to alley access. Significant upgrades in last year include all new windows, water heaters, electrical panels, flooring in Apt 1. Parking for 4 vehicles off rear alley. Apartments are in move-in ready condition, spacious and charming. Apt 1 (2bedroom, 1 bath) at market (1 year lease started June 1, 2025). Apt 2 (seller occupied) is same floorplan as Apt 1, but top floor. Apt 3 very spacious 1 bedroom 1 bath (vacant). Shared laundry room and 3 large storage rooms in basement laundry room. Quiet residential street, but 2 blocks to coffee, corner grocery, restaurants, easy access to Magnolia Bridge. Uniquely solid building with significant 2025 infrastructure updates, and many options for the future! (Rent for Apt 1 is actual, rents for Apts 2&3 are projected).
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Additional Information
- List Date
- 2026-02-28 00:00:00
- Community
- Magnolia
- Net Operating Income
- $52,957
- Gross Adjusted Income
- $71,820
- Gross Scheduled Income
- $75,600
- Total Monthly Income
- $6,300
- Insurance Expenses
- $2,786
- Water/Sewer/Garbage Expenses
- $2,628
- Gross Rent Multiplier
- 16.53
- Total Expenses
- $18,863
- Cap Rate
- 4.24
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 2845
- Potential Terms
- Cash, Conventional
- Year Built
- 1959
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, High Speed Internet
- Electric Expenses
- 300
- Other Expenses
- 3600
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $6,300
- Gross Scheduled Income
- $75,600
- Vacancy Rate
- 5
- Gross Adjusted Income
- $71,820
- Tax Year
- 2025
- Insurance Expense
- $2,786
- W/S/G Expenses
- $2,628
- Total Expenses
- $18,863
- Net Operating Income
- $52,957
- Gross Rent Multiplier
- 16.53
- Cap Rate
- 4.24
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.