Rare turnkey triplex with upside potential. 5.2% cap rate & rents below market! Off-alley parking for 3+ cars & garage currently rents for extra income. New sewer w/30 yr warranty. Shared laundry. Lower units nicely updated w/reliable, long-term, M2M tenants who are happy to stay. Upper unit new paint & floors in 2015, lease ends Aug 31. No vacancies entire ownership. Excellent location w/fwy access & all conveniences of U-District, Greenlake, Ravenna, & Wallingford. Blocks to new light rail.
Listing courtesy of NWMLS / Kelly Right RE of Seattle LLC
Last checked:
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Last updated Mar 15, 2023
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MLS# 1314458 —
The Building
Year Built:
1908
New Construction:
false
Building Name:
Grahams A B University Add
Structure Type:
Triplex
Exterior Features:
Metal/Vinyl,Wood
Roof:
Composition
Units In Building Total:
3
Foundation Details:
Poured Concrete
# of Units Total:
3
Stories Total:
1
Building Area Total:
2460
Building Area Units:
Square Feet
Calculated SqFt:
2460
Interior
Interior Features:
Hardwood
Furnished:
Unfurnished
Flooring:
Hardwood,Vinyl,Carpet
Fireplace:
false
Financial & Terms
Possession:
Closing,Tenant's Rights
Buyer Financing:
Cash
Location
Latitude:
47.666545
Longitude:
-122.319863
Directions:
From I5 take 50th St exit, head east one block to 8th Ave NE. 5055 8th Ave NE, Seattle WA 98105
The Property
Property Type:
Residential Income
Property Subtype:
Multi-Family
Property Condition:
Good
Parcel Number:
2862101040
Lot Number:
32
Lot Features:
Alley,Curbs,Paved,Sidewalk
Lot Size Units:
Square Feet
Lot Size Acres:
0.0983
Lot Size SqFt:
4280
Lot Size Source:
King County Records
Zoning Class:
Residential
Electric On Property:
false
View:
false
Waterfront:
false
Possible Use:
Residential
Irrigation Water Rights:
false
Listing Agent
Contact info:
Agent phone:
2065(255) 235-4201
Office phone:
2065(255) 235-4201
Taxes
Tax Year:
2018
Tax Annual Amount:
6958
The Listing
Special Listing Conditions:
None
Heating & Cooling
Heating Cooling Type:
Forced Air
Utilities
Utilities:
Cable Connected,High Speed Internet,Natural Gas Available,Sewer Connected,Electricity Available,Natural Gas Connected
Water Source:
Public
Sewer:
Sewer Connected
Water Sewer Garbage:
2700
Schools
High School District:
Seattle
The Community
Subdivision Name:
University District
Amenities:
See Remarks,Storage
Parking
Parking Total:
4
Parking Uncovered Spaces:
3
Open Parking:
true
Open Parking Spaces:
3
Carport:
false
Covered Spaces:
1
Listing courtesy of NWMLS / Kelly Right RE of Seattle LLC
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.
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date
Event
Source
Price
% Change
8/9/18
Aug 9, 2018
Sold
NWMLS
$900,000
80.5% (15.5% / YR)
5/24/13
May 24, 2013
NWMLS
$498,500
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Multifamily
Sold
on 8/9/2018
$900,000
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Listing courtesy of NWMLS / Kelly Right RE of Seattle LLC
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.
Disclaimer: The information contained in this listing has not been verified by Kelly Right RE of Seattle LLC and should be verified by the buyer.
Checking…
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Last updated Mar 15, 2023
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