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Listing courtesy of NWMLS / Keller Williams Seattle Metro

2460 NE Northgate Way

Seattle, WA 98125

– beds
– baths
5,800 sqft
8,000 sqft lot
$377 per sqft
1993 build
– on site

This boutique 10 unit apartment checks all the boxes with its ideal location, mid-mod vibes, ample parking & strong cash flow. Fully stabilized with updated units, market rents & excellent professional management! Offered at a true 6.4% Cap Rate! A good unit mix of 2 beds, 1 beds, studios plus easy access to Northgate & Lake City Way attract solid commuter tenants. All units were remodeled to the studs with sleek new kitchens, baths, SS appliances, tile backsplash & pops of chic Hawaiian themed touches. Recent CapX includes new windows, 30 year TPO roof & updated plumbing throughout. Coin Op laundry provides additional income. In a world of bland & drab apartment buildings-be an Aloha House... don't miss this unique turnkey investment!

Listing courtesy of NWMLS / Keller Williams Seattle Metro

Last checked: Checking… • Last updated Apr 9, 2024 •

MLS# 2206896 —

The Building

Year Built:

1962
Year Built:

1993
Year Built Source:

Public Records
New Construction:

false
Structure Type:

Multi Family
Exterior Features:

Cement/Concrete, Stucco
Roof:

Flat
Units In Building Total:

10
Foundation Details:

Poured Concrete
Number Of Units Total:

10
Stories Total:

2
Building Area Total:

5800
Building Area Units:

Square Feet
Calculated Square Footage:

5800
Green Energy Efficient:

Thermal Windows

Interior

Interior Features:

Bamboo/Cork, Concrete, Laminate Hardwood
Flooring:

Bamboo/Cork, Concrete, Engineered Hardwood, Laminate
Fireplace:

false

Financial & Terms

Possession:

Closing, Tenant's Rights

Location

Latitude:

47.710155
Longitude:

-122.301361
Directions:

From S. Seattle, head N on I-5, and take exit 171 for WA-522 E. Keep N and merge left onto 24th Ave NE, then turn right to NE Northgate Way. Property will be on your left.

The Property

Property Type:

Residential Income
Property Sub Type:

Multi-Family
Property Condition:

Good
Parcel Number:

8902500007
Lot Features:

Paved, Sidewalk
Lot Size Units:

Square Feet
Lot Size Acres:

0.1837
Lot Size Square Feet:

8000
Lot Size Source:

Realist
Zoning Class:

Commercial,Multi-Family,Residential
Zoning Jurisdiction:

City
View:

City
View:

true
Waterfront:

false
Possible Use:

Commercial, Multi-Family, Residential
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

TaxYear:

2023
Tax Annual Amount:

17536

The Listing

Special Listing Conditions:

None
Buyer's Brokerage Compensation:

2.5%

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Wall Unit(s)

Utilities

Water Source:

Public
Sewer:

Sewer Connected
Water Sewer Garbage:

9240

Schools

Elementary School:

Buyer To Verify
Middle Or Junior School:

Buyer To Verify
High School:

Buyer To Verify
High School District:

Seattle

The Community

Subdivision Name:

Seattle
Amenities:

Coin Op Laundry,Storage,Thermal Windows
Senior Community:

false
Association:

false

Parking

Parking Total:

8
Parking Uncovered Spaces:

6
Open Parking:

true
Open Parking Spaces:

6
Carport Spaces:

2
Carport:

false

Listing courtesy of NWMLS / Keller Williams Seattle Metro

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided. The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/9/24 Apr 9, 2024	Price Changed	NWMLS	$2,190,000	-2.7%
3/7/24 Mar 7, 2024	Listed / Active	NWMLS	$2,250,000	80.0% (11.3% / YR)
3/8/23 Mar 8, 2023	Relisted	NWMLS

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This multifamily located in Lake City, Seattle, WA 98125 is currently for sale for $2,190,000. 2460 NE Northgate Way is a 5,800 square foot multifamily with – beds and – baths that has been on Estately for 50 days. 2460 NE Northgate Way is in the Lake City neighborhood of Seattle and has a WalkScore® of 69, making it somewhat walkable. This multifamily is in the attendance area of Nathan Hale High School, Jane Addams Middle School, and Sacajawea Elementary School.

Listing courtesy of NWMLS / Keller Williams Seattle Metro

Disclaimer: The information contained in this listing has not been verified by Keller Williams Seattle Metro and should be verified by the buyer.