Bought with Paragon Real Estate Advisors
$1,080,000
$1,050,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
5 Baths
3,180 SqFt
SOLD DATE : 06/09/2025
Key Details
Sold Price $1,080,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,180 sqft
Price per Sqft $339
Subdivision West Seattle
MLS Listing ID 2362878
Sold Date 06/09/25
Style 55 - 5-9 Units
Bedrooms 8
Year Built 1957
Annual Tax Amount $10,883
Lot Size 6,050 Sqft
Property Sub-Type Multi Family
Property Description
SELLER FINANCING AVAILABLE - attractive terms: 25% down payment and 5% interest-only payments for five years. This well-located 5-unit property offers a compelling value-add investment opportunity through both operational improvements and unit renovations. A new owner can unlock immediate upside by implementing a utility bill-back system for water, sewer, and garbage, as well as charging for storage and reserved off-street parking. Additionally, completing full unit renovations and bringing rents up to market levels provides a clear path to repositioning the asset and enhancing long-term returns. The property is part of phase 2 of the Seattle One Plan upzone. The proposed zoning is LR3 which creates future development potential.
Location
State WA
County King
Area 140 - West Seattle
Interior
Fireplace false
Exterior
Exterior Feature Brick, Wood
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, Owner Financing
Listing Terms Cash Out, Conventional, Owner Financing
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