710 NE 43rd Street, Seattle, WA 98105
- $1,200,000
- 1,539
- SqFt
Listing courtesy of John L. Scott, Inc.
- List Price
- $1,200,000
- Status
- ACTIVE
- MLS#
- 2567359
- Days on Market
- 0
- Style
- 54 - 4-Plex
- Finished SqFt
- 1,539
- Area Total SqFt
- 1539
- Annual Tax Ammount
- 19721
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
Property Description
Just steps from the University of Washington. Situated on 5,000 square foot parcel zoned Mid Rise (MR M1), the property features a diverse unit mix of one and two-bedroom residences averaging 473 square feet, providing broad appeal to workforce renters. The property benefits from an excellent location within walking distance of the University of Washington, placing residents near a wide array of academic facilities, rental destinations, dining options & major transportation corridors. The asset offers 6 off street parking spaces, a valuable amenity in this highly urbanized and supply concentrated neighborhood. Positioned in one of Seattle’s most walkable communities, the property boasts a Walk Score of 93, a Bike Score of 83, a Transit Score of 82. The strong mobility metrics enhance the tenant demand and support of long term occupancy stability. Adding to the investment appeal, an additional fourplex located directly across the street is also available for purchase, presenting investors with a unique opportunity to achieve immediate scale and operational efficiencies within the same submarket. Combining a desirable unit mix, favorable zoning, excellent accessibility, and potential for portfolio expansion, this offering represents an attractive opportunity in one of Seattle’s most dynamic rental markets.
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Additional Information
- List Date
- 2026-08-11 22:13:15
- Community
- University District
- Net Operating Income
- $40,068
- Gross Adjusted Income
- $64,472
- Gross Scheduled Income
- $68,254
- Total Monthly Income
- $5,961
- Insurance Expenses
- $2,600
- Water/Sewer/Garbage Expenses
- $2,666
- Gross Rent Multiplier
- 17.58
- Total Expenses
- $28,187
- Cap Rate
- 3.3
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 710
- Potential Terms
- Cash, Conventional
- Year Built
- 1959
- Roof
- Composition
- Other Expenses
- 3200
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $5,961
- Gross Scheduled Income
- $68,254
- Vacancy Rate
- 5
- Gross Adjusted Income
- $64,472
- Tax Year
- 2026
- Insurance Expense
- $2,600
- W/S/G Expenses
- $2,666
- Total Expenses
- $28,187
- Net Operating Income
- $40,068
- Gross Rent Multiplier
- 17.58
- Cap Rate
- 3.3
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.