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Listed by:Westlake Associates, Inc. • Reid Jones
$1,150,000
Est. payment /mo
4 Beds
4 Baths
2,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $410
Subdivision Queen Anne
MLS Listing ID 2519144
Style 54 - 4-Plex
Bedrooms 4
Year Built 1910
Annual Tax Amount $10,156
Lot Size 4,013 Sqft
Property Sub-Type Multi Family
Property Description
First time on the market in 33 years, and it shows. This turnkey West Queen Anne fourplex has been quietly held under single ownership for over three decades and is ready for a new investor to step in and collect. Four one-bedroom units, hardwood floors throughout, dishwashers in every unit, and Unit 4 comes with its own in-unit washer and dryer. Large basement storage accessible to all tenants. Off-street parking and a fenced backyard round it out. Live in one and rent the rest, this is a classic owner-occupy setup in one of Seattle's strongest residential neighborhoods. Queen Anne continues to command premium rents, attract long-term tenants, and hold its value through every market cycle. Current rents are below market with a clear upside path to $6,980/month. Zoned LR3(M) with long-term redevelopment optionality and potential to convert existing space into additional units, a value-add angle that is increasingly rare to find in this submarket. Steps from Metro Route 2, the RapidRide D Line, Seattle Center, Climate Pledge Arena, Kerry Park, and some of the best dining and retail in the city. Median household income within one mile exceeds $151,000. Strong bones, great location, proven demand. Priced at $287,500 per unit — bring your buyers.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Flooring Hardwood, Laminate, Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Fenced-Partially, Patio
View Y/N No
Roof Type Composition
Building
Lot Description Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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