1925 4th Ave W
Seattle WA 98119
Queen Anne Triplex
1925 4th Ave W Seattle WA 98119
Listing #: 680011 | Status: Available | Last Modified: 4/10/2024 |
For Sale
- Phone:(206) 812-9130
- Email:brianp@paragonrea.com
- Office Name:Paragon Real Estate Advisors
- Office Phone:(206) 623-8880
- Office Website:
- Agent Phone:(206) 812-9123
- Agent Email:michael@paragonrea.com
- Agent Phone:(206) 812-9101
- Agent Email:ben@paragonrea.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,200,000.0
- $/SF$ 664.7
- $/Unit$ 733,333.3
- Listing StatusAvailable
- Days on Market26
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income67,830
- Vacancy Factor %5.00%
- Operating Expenses22,913
- Net Operating Income41,525
- CAP Rate 2.04 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units3
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 2.04 %
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units3
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF3310
- Net Rentable Area3310
- Total Office SF
- Largest Contiguous SF
- Lot SF7200
- Acres0.17
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaQueen Anne/Magnolia
- Tax ID #2397100865
- Additional Parcels
- ZoningNR3
- Year Built1963
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeBrick, Wood
Queen Anne Triplex
We are pleased to present the exclusive listing of the Queen Anne Triplex, located in a quiet residential pocket at the top of Queen Anne Hill. The triplex consists of 3 – 2 bedroom/1 bathroom units that have all been updated since 2018. On the 7,200 SqFt lot, there is a front and backyard, 3 off-street parking spaces, and a 2-car garage that has had its roof replaced. The plumbing systems have been updated with a mix of copper and PEX but there is a small amount of original galvanized pipe. This property has been passively managed for the last few years and is ready for a new owner to take it to the next level. Rents are significantly below market, but all tenants are on month-to-month leases. The top floor unit can be vacant at closing, creating a great opportunity for an owner-user. T
