215 East Louisa Street

Seattle, WA 98102

$2,250,000
Price
8
Beds
4
Baths
3,620 Sq. Ft.
$622 / Sq. Ft.
3,620
Sq. Ft.
$622
per Sq. Ft.
Listing provided courtesy of Real Residential

Description

Exceptional investment opportunity in the heart of Seattle’s vibrant Eastlake neighborhood! Option for Seller Financing. This rare historic 1923 Mediterranean 4-Plex boasts great character like coved ceilings, hardwood floors and fireplaces. Upper units offer views of Lake Union with close proximity to shops and restaurants making it a desirable home for tenants. With a prime location moments from I-5 north and south ramps, commuting is a breeze. The property enjoys a solid rental history, ensuring...Exceptional investment opportunity in the heart of Seattle’s vibrant Eastlake neighborhood! Option for Seller Financing. This rare historic 1923 Mediterranean 4-Plex boasts great character like coved ceilings, hardwood floors and fireplaces. Upper units offer views of Lake Union with close proximity to shops and restaurants making it a desirable home for tenants. With a prime location moments from I-5 north and south ramps, commuting is a breeze. The property enjoys a solid rental history, ensuring reliable income for investors. Renters pay W/S/G. Zoned LR3 w/potential for 6-unit development, or condo conversion. 4 car off-street parking, each unit is 2 bed, 1 bath. Own a piece of Eastlake's charm while capitalizing on its growth!
  1. Listed by Eric Akines • Real Residential
  2. Listed by Nick Glant • Real Residential

Property Details for 215 East Louisa Street

Community Name
Eastlake
School District
Seattle
View
Lake
Number of Assigned Spaces
4
Total Covered Parking
0
Entry Date
10-02-2024
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 11/13/2024 12:13 PM

Property Details for 215 East Louisa Street

StatusActive
MLS #2295356
Days on Market80
Cumulative Days on Market80
Taxes$12,713 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.10 AC / 4,400 SF
CountyKing County

Building Information for 215 East Louisa Street

Stories2Residences4Year Built1923Building Size-Lot Size0.10 AC / 4,400 SF

Property Information for 215 East Louisa Street

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Patio
  • Area: 390 - Central Seattle
  • Block: 12
  • Elementary School: Tops K-8
  • Middle Or Junior School: Wash Mid
  • High School: Garfield High
  • Effective Year Built Source: Public Records
  • Directions: N or S on E Lake, turn up hill on Louisa. I-5 S, Roanoke exit,go straight 1-block on Franklin,R on Louisa. I-5 N, Lakeview exit,end of ramp turn L,follow underneath fwy to Franklin,turn L on Louisa
  • 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: 4.0
  • 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: Ceramic Tile, Laminate, Carpet
  • Features: Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: Stucco, Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 5040.28
  • Power Company: Seattle City Light
  • 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: KCR
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1987
  • Photos Count: 32
Lot Information
  • Lot Details: Corner Lot, Curbs, Paved, Sidewalk
  • Lot Number: 13
  • Lot Size Source: KCR
  • Parcel Number Free Text: 2902200921
  • Building Condition: Good
  • Calculated Square Footage: 3620
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3620.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 4
  • Number of Stories in Building: 2
  • Vacancy Rate: 10
  • Number Of Units Total: 4
  • Units Below Grade: true
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 36121.55
  • Gross Adjusted Income: 69053
  • Gross Rent Multiplier: 23.5
  • Gross Scheduled Income: $105,175
  • Insurance Expense: $0
  • Net Operating Income: $69,053
  • Other Expenses: $18,369
  • Total Monthly Income: 15171
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 221
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 810
  • Rent Unit 1: $2,150.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 1
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 219
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 810
  • Rent Unit 2: $1,805.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 1
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 217
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 1075
  • Rent Unit 3: $2,660.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 1
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 215
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 1075
  • Rent Unit 4: $2,550.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 1
  • Bathrooms Unit 4: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3620.0
  • Leasable Area Units: Square Feet

Property History for 215 East Louisa Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 215 East Louisa Street

Taxable ValueLand$1,100,000Additions$372,000Total$1,472,000
Tax Record2024$13,613 ($1,134 / month)
Home Facts
Total Finished SqFt3,620 SqFtAbove Ground SqFt3,620 SqFtStories2Lot Size4,400 SqFtStyleMulti-Family Dwelling (2-4)Year Built1923Year Renovated1987ZoningLR3 (M)CountyKINGAPN290220-0921Fireplace TypeHas Fireplace

Schools near 215 East Louisa Street

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Montlake Elementary School
Public - K to 5
Edmonds S. Meany Middle School
Public - 6 to 8
Garfield High School
Public - 9 to 12
Tops K-8
Public - PK to 8
Rating
School
Distance
Montlake Elementary School
PublicK to 5

Edmonds S. Meany Middle School
Public6 to 8

Garfield High School
Public9 to 12

Tops K-8
PublicPK 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 215 East Louisa Street, Seattle, WA 98102

215 East Louisa Street is a multi-family home for sale in Seattle, WA 98102. This property was listed for sale on October 2, 2024 by Real Residential, it's currently listed at $2,250,000. It has been on the market for a total of 80 days and was last sold on August 3, 2017. This listing's school district is Seattle Public Schools. Nearby schools include Montlake Elementary School, Edmonds S. Meany Middle School and Garfield High School. 215 East Louisa Street is a 8-bed, 4-bath, 3,620 sqft multi-family home built in 1923.

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 Real Residential

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.