1715 16th Avenue South

Seattle, WA 98144

$1,175,000
Last Sold Price
—
Beds
3,240 Sq. Ft.
$363 / Sq. Ft.
3,240
Sq. Ft.
$363
per Sq. Ft.

Description

Investor alert - Add this 4-Plex to your investment portfolio! Great investment property with room for rent increases. All units are occupied with 1 year leases in place. Units have been updated with new LVP flooring, new exterior and interior paint, new appliances, water heater and more! Close to light rail, Seattle and all public transportation. Beautiful light filled interiors, large new windows, territorial views, upper units have nice sitting decks. Plenty of parking that could be additional...Investor alert - Add this 4-Plex to your investment portfolio! Great investment property with room for rent increases. All units are occupied with 1 year leases in place. Units have been updated with new LVP flooring, new exterior and interior paint, new appliances, water heater and more! Close to light rail, Seattle and all public transportation. Beautiful light filled interiors, large new windows, territorial views, upper units have nice sitting decks. Plenty of parking that could be additional income, and coin laundry onsite. This is a fantastic property and it is pre-inspected!

Listing Agents

  1. Jolene Brown

    Jolene Brown

    Listing Agent

    Compass

    jolene.brown@compass.com

    P: (425)-281-8142

  2. Laura Lynn

    Laura Lynn

    Alternative Listing Agent

    Compass

    laura.lynn@compass.com

    P: (425)-647-0550

Property Details for 1715 16th Avenue South

Community Name
Beacon Hill
School District
Seattle
View
Territorial
Number of Assigned Spaces
10
Total Covered Parking
0
Entry Date
05-16-2023
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 09/05/2024 05:47 AM

Property Details for 1715 16th Avenue South

StatusSold
MLS #2068430
Days on Market100
Cumulative Days on Market100
Taxes$6,295 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1978
Lot Size0.11 AC / 5,000 SF
CountyKing County
Buyer's Agent Compensation2.5%

Virtual Tour

Building Information for 1715 16th Avenue South

Stories2Residences4Year Built1978Building Size-Lot Size0.11 AC / 5,000 SF

Property Information for 1715 16th Avenue South

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV
  • Area: 385 - SODO/Beacon Hill
  • Block: 8
  • Effective Year Built Source: Public Records
  • Directions: 15th Ave. South to S. State and left to building on 16th.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 10.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Ceramic Tile, Engineered Hardwood, Laminate, Carpet
  • Features: Ceramic Tile, Laminate Tile, Wall to Wall Carpet
  • Amenities: Coin Op Laundry
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 1100
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Slab
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1988
  • Photos Count: 38
Lot Information
  • Lot Details: Dead End Street, Paved, Sidewalk
  • Lot Number: 3-4
  • Lot Size Source: Realist
  • Parcel Number Free Text: 7548300195
  • Calculated Square Footage: 3240
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3240.0
  • 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: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $75
  • Total Expenses: 9590
  • Gross Adjusted Income: 68820
  • Gross Rent Multiplier: 20.27
  • Gross Scheduled Income: $68,820
  • Insurance Expense: $2,000
  • Net Operating Income: $59,230
  • Other Expenses: $0
  • Total Monthly Income: 5805
  • Fuel Expense: $120
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3240.0
  • Leasable Area Units: Square Feet

Property History for 1715 16th Avenue South

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1715 16th Avenue South

Taxable ValueLand$600,000Additions$57,100Total$657,100
Tax Record2022$12,508 ($1,042 / month)
Home Facts
Total Finished SqFt3,240 SqFtAbove Ground SqFt3,240 SqFtStories2Lot Size5,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1978Year Renovated1988ZoningLR2 (M)CountyKINGAPN754830-0195

Schools near 1715 16th Avenue South

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Beacon Hill International School
PublicK to 5

Mercer Middle School
Public6 to 8

Franklin High School
Public9 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.

Similar Homes

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Similar Sold Homes

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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 COMPASS

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.