2515 Thorndyke Avenue West
Seattle, WA 98199
$4,250,000
Price
18
Beds
13
Baths
9,420 Sq. Ft.
$451 / Sq. Ft.
9,420
Sq. Ft.
$451
per Sq. Ft.
Listing provided courtesy of Lee & Associates Commercial RE
Description
The Edge Apts a 1959 constructed 13-unit building received a full renovation in 2016. The 8 1-bedroom & 5 2-bedroom units all feature quartz countertops, ss appliances, in-unit W/Ds, LVT flooring in the c9mmon areas. Top floor units feature private balconies with peek-a-boo views of the Seattle and Puget Sound skyline. Some units feature fireplaces. A second story patio area complete with a grill is a popular amenity for tenants. The building also features 10 individual secured garage and storage...The Edge Apts a 1959 constructed 13-unit building received a full renovation in 2016. The 8 1-bedroom & 5 2-bedroom units all feature quartz countertops, ss appliances, in-unit W/Ds, LVT flooring in the c9mmon areas. Top floor units feature private balconies with peek-a-boo views of the Seattle and Puget Sound skyline. Some units feature fireplaces. A second story patio area complete with a grill is a popular amenity for tenants. The building also features 10 individual secured garage and storage spaces currently generating an additional $13,980 annually in revenue. Proximity popular parks and golf courses, the Edge provides investors a turn-key opportunity to obtain modern living within one of Seattle’s most desirable neighborhoods.
- Listed by Daniel Lim • Lee & Associates Commercial RE
- Listed by Candice Chevaillier • Lee & Associates Commercial RE
Property Details for 2515 Thorndyke Avenue West
Community Name
Magnolia
School DistrictSeattle
ViewCity, Partial, Sound, Territorial
Number of Assigned Spaces10
Total Covered Parking10
Offers Review Date09-25-2024
Entry Date09-06-2024
Energy SourceElectric
LISTING UPDATED: 09/09/2024 11:44 AM
Property Details for 2515 Thorndyke Avenue West
| Status | Active |
|---|---|
| MLS # | 2287940 |
| Days on Market | 10 |
| Cumulative Days on Market | 10 |
| Taxes | $35,689 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1959 |
| Lot Size | 0.24 AC / 10,492 SF |
| County | King County |
Building Information for 2515 Thorndyke Avenue West
Stories3Residences13Year Built1959Building Size-Lot Size0.24 AC / 10,492 SF
Property Information for 2515 Thorndyke Avenue West
Summary
Location and General Information
- Style: 56 - 10+ Units
- Site Features: Deck
- Area: 700 - Queen Anne/Magnolia
- Effective Year Built Source: See Remarks
- Directions: Headed South on Thorndyke Ave the property is on the right immediately after Halladay St.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
- Additional Tax Ids: 2771600575
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 0.0
- Open Parking: No
Virtual Tour
- Virtual Tour URL Description: Property Website
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 Plank, Carpet
- Features: Wall to Wall Carpet
- Amenities: See Remarks,Thermal Windows
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard, Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Brick, Cement Planked, Wood, Wood Products
- Roof: Flat
Property
Utilities
- Water Source: Community
- Water/Sewer/Garbage: 16709
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Block, Poured Concrete
- First Right Of Refusal: false
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 2016
- Photos Count: 13
Lot Information
- Lot Details: Paved, Sidewalk
- Lot Size Source: County
- Parcel Number Free Text: 2771600575
- Calculated Square Footage: 9420
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 9420.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
- Green Energy Efficient: Thermal Windows
Multi Family
Building Details
- Number of Uncovered Spaces: 0
- Number of Stories in Building: 3
- Vacancy Rate: 5
- Number Of Units Total: 13
- Units Below Grade: true
- Units In Building Total: 13
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 96143
- Gross Adjusted Income: 327570
- Gross Rent Multiplier: 14
- Gross Scheduled Income: $342,735
- Insurance Expense: $7,000
- Net Operating Income: $228,535
- Other Expenses: $36,745
- Total Monthly Income: 28561
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Bedrooms Unit 1: 1
- 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
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Bedrooms Unit 4: 1
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 5
- Washer/Dryer Unit 5: true
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: true
- Bedrooms Unit 5: 1
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 6
- Washer/Dryer Unit 6: true
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: true
- Bedrooms Unit 6: 1
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 7
- Washer/Dryer Unit 7: true
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Dishwasher Unit 7: true
- Bedrooms Unit 7: 2
- Fireplaces Unit 7: 1
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 8
- Washer/Dryer Unit 8: true
- Range/Oven Unit 8: true
- Refrigerator Unit 8: true
- Dishwasher Unit 8: true
- Bedrooms Unit 8: 2
- Fireplaces Unit 8: 1
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: 9
- Washer/Dryer Unit 9: true
- Range/Oven Unit 9: true
- Refrigerator Unit 9: true
- Dishwasher Unit 9: true
- Bedrooms Unit 9: 1
- Bathrooms Unit 9: 1
Unit 10
- Name Unit 10: 10
- Washer/Dryer Unit 10: true
- Range/Oven Unit 10: true
- Refrigerator Unit 10: true
- Dishwasher Unit 10: true
- Bedrooms Unit 10: 1
- Bathrooms Unit 10: 1
Unit 11
- Name Unit 11: 11
- Washer/Dryer Unit 11: true
- Range/Oven Unit 11: true
- Refrigerator Unit 11: true
- Dishwasher Unit 11: true
- Bedrooms Unit 11: 1
- Bathrooms Unit 11: 1
Unit 12
- Name Unit 12: 12
- Washer/Dryer Unit 12: true
- Range/Oven Unit 12: true
- Refrigerator Unit 12: true
- Dishwasher Unit 12: true
- Bedrooms Unit 12: 2
- Fireplaces Unit 12: 1
- Bathrooms Unit 12: 1
Unit 13
- Name Unit 13: 13
- Washer/Dryer Unit 13: true
- Range/Oven Unit 13: true
- Refrigerator Unit 13: true
- Dishwasher Unit 13: true
- Bedrooms Unit 13: 1
- Bathrooms Unit 13: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 9420.0
- Leasable Area Units: Square Feet
Property History for 2515 Thorndyke Avenue West
| 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 2515 Thorndyke Avenue West
Taxable ValueLand$1,888,500Additions$2,499,500Total$4,388,000
Tax Record2024$35,689 ($2,974 / month)
Home Facts
Total Finished SqFt9,425 SqFtAbove Ground SqFt9,425 SqFtStories3Lot Size10,492 SqFtStyleMulti-Family Dwelling (2-4)Year Built1959Year Renovated1988ZoningLR3 (M)CountyKINGAPN277160-0575Fireplace TypeHas Fireplace
Schools near 2515 Thorndyke Avenue West
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 - | 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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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 Lee & Associates Commercial RE
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.
