3422 21st Avenue West

3422 21st Avenue West

Seattle, WA 98199

$2,000,000
Price
13
Beds
7
Baths
6,835 Sq. Ft.
$293 / Sq. Ft.
6,835
Sq. Ft.
$293
per Sq. Ft.

Open: 6/1 01:00PM - 03:00PM

Open: 6/1 01:00PM - 03:00PM

Listing provided courtesy of Realogics Sotheby's Int'l Rlty

Description

Enjoy cashflow & stability while planning future development upside! Current financials of this building are above average for comps but the differentiating quality of this opportunity is found in the extraordinary upside. 6-unit building (five are 2bedrooms) w/ addtl SFH (2bds/1ba) sits on a 7,650 sqft street-to-street lot w/ coveted LR-3 zoning. Three viable upside options: 1) add rental units or build/sell townhomes where SFH currently sits; 2) expand existing units into under-utilized interior...Enjoy cashflow & stability while planning future development upside! Current financials of this building are above average for comps but the differentiating quality of this opportunity is found in the extraordinary upside. 6-unit building (five are 2bedrooms) w/ addtl SFH (2bds/1ba) sits on a 7,650 sqft street-to-street lot w/ coveted LR-3 zoning. Three viable upside options: 1) add rental units or build/sell townhomes where SFH currently sits; 2) expand existing units into under-utilized interior space (there are two large interior staircases, one could be repurposed to pick up an entire bedroom on three units); and 3) align rents with market-rate. Loads of off-street parking. Close commute to high-income jobs + Whole Foods & Trader Joe's.
  1. Listed by Eleanor Heyrich Payne • Realogics Sotheby's Int'l Rlty
  2. Listed by Phillip J Greely • Realogics Sotheby's Int'l Rlty

Property Details for 3422 21st Avenue West

Community Name
Magnolia
School District
Seattle
View
Territorial
Number of Assigned Spaces
10
Total Covered Parking
0
Entry Date
05-07-2024
Energy Source
Electric
Sewer
Sewer Connected

Open Houses

Saturday, Jun 1st

1:00 PM - 3:00 PM

PublicView Details

Location

Listing Courtesy of Realogics Sotheby's Int'l Rlty
Add your commute
LISTING UPDATED: 05/31/2024 10:41 AM

Property Details for 3422 21st Avenue West

StatusActive
MLS #2233647
Days on Market25
Cumulative Days on Market25
Taxes$18,621 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1968
Lot Size0.18 AC / 7,650 SF
CountyKing County

Location

Listing Courtesy of Realogics Sotheby's Int'l Rlty
Add your commute

Building Information for 3422 21st Avenue West

Stories3Residences8Year Built1968Building Size-Lot Size0.18 AC / 7,650 SF

Payment Calculator

$12,467 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$1,552

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3422 21st Avenue West

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Area: 700 - Queen Anne/Magnolia
  • Block: 109
  • Elementary School: Magnolia Elementary
  • Middle Or Junior School: Mc Clure Mid
  • High School: Ballard High
  • Directions: From W Dravus ST, turn North on 20th Ave W. 6-unit building on west side of street. Access the 7th unit (house) on opposite side of structure off of 21st AVE W.
  • Leased Items: Washer/Dryer
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 10.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl, Carpet
  • Features: Wall to Wall Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Wall Unit(s)
Exterior Features
  • Exterior: Metal/Vinyl
  • Roof: See Remarks
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 15872
  • Power Company: PSE
  • Sewer Company: SPU
  • Water Company: SPU
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: Tax Records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 21
Lot Information
  • Lot Number: 8-9
  • Lot Size Source: Tax Records
  • Parcel Number Free Text: 2771102065
  • Building Condition: Good
  • Calculated Square Footage: 6835
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 6835.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 10
  • Number of Stories in Building: 3
  • Vacancy Rate: 0
  • Number Of Units Total: 8
  • Units Below Grade: false
  • Units In Building Total: 7
Financing / Income and Expenses
  • Electric Expense: $851
  • Total Expenses: 45498
  • Gross Adjusted Income: 128908
  • Gross Rent Multiplier: 13.56
  • Gross Scheduled Income: $148,036
  • Insurance Expense: $4,897
  • Net Operating Income: $102,538
  • Other Expenses: $5,257
  • Total Monthly Income: 12317
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Square Feet Unit 1: 745
  • Rent Unit 1: $1,625.00
  • Bedrooms Unit 1: 2
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Square Feet Unit 2: 620
  • Rent Unit 2: $1,460.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Square Feet Unit 3: 745
  • Rent Unit 3: $1,800.00
  • Bedrooms Unit 3: 2
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Square Feet Unit 4: 745
  • Rent Unit 4: $1,800.00
  • Bedrooms Unit 4: 2
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 5
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Square Feet Unit 5: 745
  • Rent Unit 5: $1,800.00
  • Bedrooms Unit 5: 2
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 6
  • Washer/Dryer Unit 6: false
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Square Feet Unit 6: 745
  • Rent Unit 6: $1,675.00
  • Bedrooms Unit 6: 2
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 7
  • Washer/Dryer Unit 7: false
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Square Feet Unit 7: 926
  • Rent Unit 7: $2,100.00
  • Bedrooms Unit 7: 2
  • Bathrooms Unit 7: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 5271.0
  • Leasable Area Units: Square Feet

Property History for 3422 21st Avenue West

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3422 21st Avenue West

Taxable ValueLand$1,262,200Additions$842,800Total$2,105,000
Tax Record2022$18,317 ($1,526 / month)
Home Facts
Total Finished SqFt5,215 SqFtAbove Ground SqFt5,215 SqFtStories3Lot Size7,650 SqFtStyleMulti-Family Dwelling (2-4)Year Built1968Year Renovated1992ZoningLR3 (M)CountyKINGAPN277110-2065

Schools near 3422 21st Avenue West

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Magnolia Elementary School
Public - K to 5
Mcclure Middle School
Public - 6 to 8
Ballard High School
Public - 9 to 12
Cascade Parent Partnership Program
Public - K to 8
Rating
School
Distance
Magnolia Elementary School
PublicK to 5

Mcclure Middle School
Public6 to 8

Ballard High School
Public9 to 12

Cascade Parent Partnership Program
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 3422 21st Avenue West, Seattle, WA 98199

3422 21st Avenue West is a multi-family home for sale in Seattle, WA 98199. This property was listed for sale on May 7, 2024 by Realogics Sotheby's Int'l Rlty, it's currently listed at $2,000,000. It has been on the market for a total of 25 days and was last sold on May 10, 2002. This listing's school district is Seattle Public Schools. Nearby schools include Magnolia Elementary School, Mcclure Middle School and Ballard High School. 3422 21st Avenue West is a 13-bed, 7-bath, 6,835 sqft multi-family home built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realogics Sotheby's Int'l Rlty

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.