106 12th Avenue East
Seattle, WA 98102
$1,200,000
Price
5
Beds
3
Baths
2,290 Sq. Ft.
$524 / Sq. Ft.
2,290
Sq. Ft.
$524
per Sq. Ft.
Listing provided courtesy of Keller Williams Rty Tacoma
Description
Tremendous Opportunity with this Fantastic Seattle Property. Currently a Tri-Plex with so much potential for future development based on the zoning and location. Big opportunity to go vertical up to 75 ft, zoned NC275 which supports the opportunity to build Single purpose commercial structures, multi-story mixed-use and residential structures w/potential retail. The possibilities here are endless! 2 of the 3 units are currently vacant. Unit 1 is 1 bedroom, 1 bath, 640 sq ft. Unit 2 is 2 bedrooms,...Tremendous Opportunity with this Fantastic Seattle Property. Currently a Tri-Plex with so much potential for future development based on the zoning and location. Big opportunity to go vertical up to 75 ft, zoned NC275 which supports the opportunity to build Single purpose commercial structures, multi-story mixed-use and residential structures w/potential retail. The possibilities here are endless! 2 of the 3 units are currently vacant. Unit 1 is 1 bedroom, 1 bath, 640 sq ft. Unit 2 is 2 bedrooms, 2 baths, 950 sq ft. Unit 3 is 2 bedrooms, 1 bath, 700 sq ft. Conveniently located to all amenities. An opportunity like this does not come often! 2 parking spots at the rear of the building. Buyer to verify all information to their satisfaction.
- Listed by Matthew Harber • Keller Williams Rty Tacoma
- Listed by Guy D. Rowley • Keller Williams Rty Tacoma
Property Details for 106 12th Avenue East
Community Name
Seattle
School DistrictSeattle
Number of Assigned Spaces2
Total Covered Parking0
Entry Date10-22-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 12:17 PM
Property Details for 106 12th Avenue East
| Status | Active |
|---|---|
| MLS # | 2304073 |
| Days on Market | 42 |
| Cumulative Days on Market | 42 |
| Taxes | $10,369 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1903 |
| Lot Size | 0.08 AC / 3,468 SF |
| County | King County |
Building Information for 106 12th Avenue East
Stories2Residences3Year Built1903Building Size-Lot Size0.08 AC / 3,468 SF
Property Information for 106 12th Avenue East
Summary
Location and General Information
- Style: 53 - Tri-plex
- Site Features: Deck, Patio
- Area: 390 - Central Seattle
- Effective Year Built Source: Public Records
- Directions: Exit 166 toward Olive Way, Merge onto Olive Way, continue straight onto E John St, Right on 12th Ave E to property on the Left.
- 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: 2.0
- Open Parking: Yes
Virtual Tour
- Virtual Tour URL Unbranded: https://app.brivity.com/listings/106-12th-ave-e-seattle-wa-98102/tour?unbranded=true
- Virtual Tour URL Description: Virtual Tour
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: Hardwood, Laminate, Vinyl, Carpet
- Features: Hardwood, Laminate, Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Forced Air
Exterior Features
- Exterior: Wood, Wood Products
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 5868
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Foundation: Poured Concrete
- Zoning Class: Multi-Family,Residential,Retail,See Remarks
- Possible Use: Multi-Family, Residential, Retail, See Remarks
- MLS Square Footage Source: Tax Records/Realist
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1987
- Photos Count: 18
Lot Information
- Lot Details: Alley, Curbs, Paved, Sidewalk, Value In Land
- Lot Size Source: Tax Records/Realist
- Parcel Number Free Text: 6003001900
- Building Condition: Average
- Calculated Square Footage: 2290
- Structure Type: Triplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2290.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 2
- Number of Stories in Building: 2
- Vacancy Rate: 5
- Number Of Units Total: 3
- Units Below Grade: true
- Units In Building Total: 3
Financing / Income and Expenses
- Electric Expense: $1,800
- Total Expenses: 20898
- Gross Adjusted Income: 72960
- Gross Rent Multiplier: 15.63
- Gross Scheduled Income: $76,800
- Insurance Expense: $2,861
- Net Operating Income: $55,902
- Other Expenses: $0
- Total Monthly Income: 6400
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 640
- Rent Unit 1: $2,000.00
- Bedrooms Unit 1: 1
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 950
- Rent Unit 2: $2,400.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 700
- Rent Unit 3: $2,000.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2290.0
- Leasable Area Units: Square Feet
Property History for 106 12th Avenue East
| 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 106 12th Avenue East
Taxable ValueLand$510,000Additions$694,000Total$1,204,000
Tax Record2022$10,341 ($862 / month)
Home Facts
Baths2.8Total Finished SqFt2,990 SqFtAbove Ground SqFt2,290 SqFtFinished Basement SqFt700 SqFtStories2Lot Size3,468 SqFtStyleTriplexYear Built1903Year Renovated1987ZoningNC2-75 (M1)CountyKINGAPN600300-1900
Schools near 106 12th Avenue East
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 - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Lowell Elementary School PublicPK to 5 | ||
Edmonds S. Meany Middle School Public6 to 8 | ||
Garfield High School Public9 to 12 | ||
Seattle World School Public6 to 12 |
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 Keller Williams Rty Tacoma
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.
