10202 1st Avenue Northwest
Seattle, WA 98133
$1,615,000
Price
—
Beds
5,536 Sq. Ft.
$292 / Sq. Ft.
5,536
Sq. Ft.
$292
per Sq. Ft.
Listing provided courtesy of Raven Commercial Real Estate
Description
This is a well maintained Fourplex in a great location. Property has a new roof and paint in 2019. The seller has completed a pre-sale property inspection and addressed the maintenance punch list. Long term tenants enjoy below market rents, strong upside in bring rents to market. Three town-style apartments were built in 2000, each are three bedrooms, two baths, equipped with washer dryer, dishwashers and disposers. The original attached SFR has three bedrooms and one bath. The lot is fenced on three...This is a well maintained Fourplex in a great location. Property has a new roof and paint in 2019. The seller has completed a pre-sale property inspection and addressed the maintenance punch list. Long term tenants enjoy below market rents, strong upside in bring rents to market. Three town-style apartments were built in 2000, each are three bedrooms, two baths, equipped with washer dryer, dishwashers and disposers. The original attached SFR has three bedrooms and one bath. The lot is fenced on three sides has one garage and uncovered parking for three vehicles at the back. Investor upside with rent increases to market and additional development. Seller Financing offered.
- Listed by Jason D. Wilcox • Raven Commercial Real Estate
Property Details for 10202 1st Avenue Northwest
Community Name
Olympic Hills
School DistrictSeattle
Number of Assigned Spaces4
Total Covered Parking1
Entry Date10-18-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/27/2024 03:13 PM
Property Details for 10202 1st Avenue Northwest
| Status | Active |
|---|---|
| MLS # | 2280986 |
| Days on Market | 64 |
| Cumulative Days on Market | 64 |
| Taxes | $12,682 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1949 |
| Lot Size | 0.14 AC / 6,032 SF |
| County | King County |
Building Information for 10202 1st Avenue Northwest
Stories3Residences4Year Built1949Building Size-Lot Size0.14 AC / 6,032 SF
Property Information for 10202 1st Avenue Northwest
Summary
Location and General Information
- Style: 54 - 4-Plex
- Area: 710 - North Seattle
- Effective Year Built Source: Public Records
- Directions: From Holman road turn south on to 1st Ave NW. Property is at end of block
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 3.0
- 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
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Wood Products
- Roof: Composition
Property
Utilities
- Water/Sewer/Garbage: 5815
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Foundation: Poured Concrete, Slab
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: PUBLIC RECORDS
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1984
- Photos Count: 16
Lot Information
- Lot Size Source: PUBLIC RECORDS
- Parcel Number Free Text: 3654200050
- Building Condition: Good
- Calculated Square Footage: 5536
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 5536.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 3
- Number of Stories in Building: 3
- Vacancy Rate: 3
- Number Of Units Total: 4
- Units Below Grade: false
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 23387
- Gross Adjusted Income: 87241
- Gross Rent Multiplier: 18
- Gross Scheduled Income: $89,940
- Insurance Expense: $1,890
- Net Operating Income: $63,854
- Other Expenses: $3,000
- Total Monthly Income: 7495
- Fuel Expense: $0
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 5536.0
- Leasable Area Units: Square Feet
Property History for 10202 1st Avenue Northwest
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 10202 1st Avenue Northwest
Taxable ValueLand$814,300Additions$552,700Total$1,367,000
Tax Record2022$12,069 ($1,006 / month)
Home Facts
Total Finished SqFt5,020 SqFtAbove Ground SqFt5,020 SqFtUnfinished Basement Area515 SqFtStories3Lot Size6,032 SqFtStyleMulti-Family Dwelling (2-4)Year Built1949Year Renovated1984ZoningLR2 (M)CountyKINGAPN365420-0050Fireplace TypeSingle
Schools near 10202 1st Avenue Northwest
This home is within Seattle Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
Viewlands Elementary School PublicPK to 5 | ||
Whitman Middle School Public6 to 8 | ||
Ingraham High School Public9 to 12 | ||
Cascadia Elementary PublicK to 5 |
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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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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Raven Commercial Real Estate
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.
