417 Minor Avenue N, Seattle, WA 98109
- $1,205,000
- 4,107
- SqFt
Listing courtesy of John L. Scott, Inc.. Selling Office: COMPASS.
- Sold Price
- $1,205,000
- List Price
- $1,298,000
- Status
- SOLD
- MLS#
- 2529850
- Closing Date
- Jul 15, 2026
- Days on Market
- 12
- Style
- 54 - 4-Plex
- Finished SqFt
- 4,107
- Area Total SqFt
- 4107
- Annual Tax Ammount
- 13900.83
- Internet Provider
- xfinity
- Lot Size (sq ft)
- 3,593
- Sewer
- Sewer Connected
Property Description
Rare investment opportunity in South Lake Union with existing 4-Plex & mixed use zoning-ideal for owner/user! The property is one of the few remaining residential development parcels in the area, offering a myriad of investment options: retain rentals as residential/business/retail units & potentially add up to 3 townhomes on parking surface area; redevelop site w/ 6 townhome units or denser multifamily project & generate income from existing fourplex while awaiting permits. Vacant land next door also for sale separately: with the two parcels combined, offer even more development opportunities. Feasibility work completed! The area is transformed from a low-rise industrial district into one of Seattle’s most dynamic tech, biotech & research hubs. The locality now hosts some of WA's largest employers, including Amazon, Google, Meta, University of Washington Medicine, Fred Hutchinson Cancer Research Center, Seattle Cancer Care Alliance. It is a major center for life sciences and biotech, with state-of-the-art lab campuses. The district also attracts tech startups, venture capital firms, and professional service tech-sector companies. The neighborhood offers desirable work/life balance with a 99 walk score; Market Hall-SLU's neighborhood marketplace-is just a block away with specialty boutique shops, local dining and outdoor common deck. Nearby Transit & I-5 Mercer Street Interchange just a few blocks away. Five on-site parking spaces!
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Additional Information
- List Date
- 2026-07-03 00:00:00
- Community
- South Lake Union
- Net Operating Income
- $64,397
- Gross Adjusted Income
- $92,270
- Gross Scheduled Income
- $92,270
- Total Monthly Income
- $7,789
- Insurance Expenses
- $4,536
- Water/Sewer/Garbage Expenses
- $3,478
- Gross Rent Multiplier
- 14.1
- Total Expenses
- $27,873
- Cap Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 417
- Potential Terms
- Cash, Conventional, Owner Will Carry, Rehab Loan
- Year Built
- 1909
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet
- Electric Expenses
- 552
- Other Expenses
- 5405
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $7,789
- Gross Scheduled Income
- $92,270
- Gross Adjusted Income
- $92,270
- Tax Year
- 2025
- Insurance Expense
- $4,536
- W/S/G Expenses
- $3,478
- Total Expenses
- $27,873
- Net Operating Income
- $64,397
- Gross Rent Multiplier
- 14.1
- 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.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.