5911 SW Admiral Way, Seattle, WA 98116
- $1,275,000
- 2,340
- SqFt
Listing courtesy of Paragon Real Estate Advisors.
- List Price
- $1,275,000
- Status
- ACTIVE
- MLS#
- 2582595
- Days on Market
- 0
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,340
- Area Total SqFt
- 2340
- Annual Tax Ammount
- 10181
- Lot Size (sq ft)
- 4,800
- Sewer
- Available
Property Description
The offering consists of two separate structures on a single 4,800 square foot NR3 zoned parcel. A two bedroom house built in 1946 sits at the front of the property, and a standalone duplex built in 1988 sits behind it, containing two more two bedroom/one bathroom units. Total net rentable area is 2,340 square feet across the three units, with an additional 720 square feet of unfinished basement beneath the house. Each unit is a two bedroom, one bathroom layout with a dedicated storage locker and its own full size washer and dryer. Both duplex units are vacant and ready for occupancy. Both interiors have been freshly painted and have new vinyl plank flooring, new carpet, new window blinds, and the appliance package in the upper unit (unit B) is new. Hot water tanks were replaced in 2023 and 2024. The property also works for an owner user, who can occupy a duplex unit at closing. The house sits on 720 square feet of unfinished basement with a dedicated entry, good ceiling height, and a sewer line that runs down rather than out through a sidewall, which allows a bathroom to be added at the lower level without sacrificing space. A buyer can finish the basement as additional living area for the house or pursue the addition of a fourth unit. The parcel is zoned NR3, which allows four units on the site. A buyer is to research and confirm the viability of these options to its own satisfaction, including with the appropriate City of Seattle zoning and construction departments.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2026-09-15 17:33:15
- Community
- Alki
- Net Operating Income
- $56,974
- Gross Adjusted Income
- $77,799
- Gross Scheduled Income
- $81,893
- Total Monthly Income
- $6,824
- Insurance Expenses
- $2,164
- Water/Sewer/Garbage Expenses
- $5,280
- Gross Rent Multiplier
- 15.57
- Total Expenses
- $20,825
- Cap Rate
- 4.47
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 5911
- Potential Terms
- Cash, Conventional
- Year Built
- 1946
- Roof
- Composition
- Other Expenses
- 3200
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $6,824
- Gross Scheduled Income
- $81,893
- Vacancy Rate
- 5
- Gross Adjusted Income
- $77,799
- Tax Year
- 2026
- Insurance Expense
- $2,164
- W/S/G Expenses
- $5,280
- Total Expenses
- $20,825
- Net Operating Income
- $56,974
- Gross Rent Multiplier
- 15.57
- Cap Rate
- 4.47
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.