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(253) 209-4200
Real Estate Company
1404 25th Avenue, Seattle, WA 98122
- $1,950,000
- 5,814
- SqFt
Listing Broker: Paragon Real Estate Advisors; Nick Hemming; 206-812-9105; nhemming@paragonrea.com
- List Price
- $1,950,000
- Status
- ACTIVE
- MLS#
- 2602000
- Style
- 56 - 10+ Units
- Finished SqFt
- 5,814
- Area Total SqFt
- 5814
- Annual Tax Ammount
- 27626
- Lot Size (sq ft)
- 6,360
- Sewer
- Available
Property Description
The Crawford House is a fully renovated 11-unit multifamily investment opportunity at 1404 25th Avenue in Seattle’s Central District. The property pairs a modern, low-maintenance exterior and updated interiors with a highly walkable, close-in location. It offers investors a turnkey asset with stable in-place income and long-term upside in one of Seattle’s most transformed urban neighborhoods. The Crawford House consists of one studio and ten one-bedroom/one-bathroom units of approximately 500 square feet. The building has been comprehensively updated with a contemporary exterior: modern panel siding with bright accent panels, horizontal wood slat cladding, a covered entry with updated doors and signage, and horizontal cedar privacy fencing with landscaped beds along the street. Unit interiors feature vinyl plank flooring, refreshed paint, and modern electric wall heaters. Kitchens include dark wood cabinetry, quartz countertops, tile backsplashes, and stainless steel appliances. Bathrooms have been updated with wood-tone vanities, tile flooring, and tub/shower combinations. The property also offers an on-site laundry room, a paved rear courtyard enclosed by cedar fencing, and three off-street parking spaces. Residents enjoy quick access to Capitol Hill, Madison Valley, Downtown Seattle, and First Hill’s medical and employment centers, along with strong transit connections throughout the city.
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Additional Information
- Community
- Central Area
- Net Operating Income
- $108,920
- Gross Adjusted Income
- $184,310
- Gross Scheduled Income
- $194,010
- Total Monthly Income
- $16,168
- Insurance Expenses
- $8,800
- Water/Sewer/Garbage Expenses
- $14,998
- Gross Rent Multiplier
- 10.05
- Total Expenses
- $75,390
- Cap Rate
- 5.59
- Vacancy Rate
- 5
- Total Number of Units
- 11
- Unit Name
- 1404
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Year Built
- 1971
- Roof
- Composition
- Other Expenses
- 23966
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $16,168
- Gross Scheduled Income
- $194,010
- Vacancy Rate
- 5
- Gross Adjusted Income
- $184,310
- Tax Year
- 2026
- Insurance Expense
- $8,800
- W/S/G Expenses
- $14,998
- Total Expenses
- $75,390
- Net Operating Income
- $108,920
- Gross Rent Multiplier
- 10.05
- Cap Rate
- 5.59
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.