261 East Boston Street
Seattle, WA 98102
$1,600,000
Price
—
Beds
2,762 Sq. Ft.
$579 / Sq. Ft.
2,762
Sq. Ft.
$579
per Sq. Ft.
Listing provided courtesy of Westlake Associates, Inc., Capstone Commercial
Description
This rare 4 Unit Eastlake property is located in one of Seattle’s most coveted neighborhoods just blocks from South Lake Union and Seattle’s technology hub. The building was fully renovated down to the studs in 2014. This extensive renovation enhanced the charm of the units that include many tasteful period upgrades. The interiors have been updated with new attractive kitchen cabinets, fixture, appliances and each unit have its own laundry and separate entrance. The units have high ceilings with...This rare 4 Unit Eastlake property is located in one of Seattle’s most coveted neighborhoods just blocks from South Lake Union and Seattle’s technology hub. The building was fully renovated down to the studs in 2014. This extensive renovation enhanced the charm of the units that include many tasteful period upgrades. The interiors have been updated with new attractive kitchen cabinets, fixture, appliances and each unit have its own laundry and separate entrance. The units have high ceilings with exceptional lighting. The systems of the building have been replaced with all new electrical services, wiring, plumbing and quick recovery water tanks.
- Listed by Travis Kannier • Westlake Associates, Inc.
- Listed by Ian Brown • Capstone Commercial
Property Details for 261 East Boston Street
Community Name
Eastlake
School DistrictSeattle
Number of Assigned Spaces0
Total Covered Parking0
Entry Date07-22-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 12:11 PM
Property Details for 261 East Boston Street
| Status | Active |
|---|---|
| MLS # | 2268491 |
| Days on Market | 124 |
| Cumulative Days on Market | 124 |
| Taxes | $11,143 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1910 |
| Lot Size | 0.05 AC / 2,010 SF |
| County | King County |
Building Information for 261 East Boston Street
Stories2Residences4Year Built1910Building Size-Lot Size0.05 AC / 2,010 SF
Property Information for 261 East Boston Street
Summary
Location and General Information
- Style: 54 - 4-Plex
- Area: 390 - Central Seattle
- Effective Year Built Source: Public Records
- Directions: On I-5 N, take exit 168A for Lakeview Blvd. Turn left on Lakeview Blvd E, continue on Boylston Ave E. Left on E Lynn St. Left on Franklin Ave E. Left at 1st cross street on E Boston St. Site on right.
- 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: 0.0
- Open Parking: No
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: Softwood, Vinyl, Vinyl Plank, Carpet
- Features: Fir/Softwood, Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Wall Unit(s)
Exterior Features
- Exterior: Wood
- Roof: Composition
Property
Utilities
- Water/Sewer/Garbage: 4500
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: King County Assessor
- Preliminary Title Ordered: No
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 2014
- Photos Count: 8
Lot Information
- Lot Details: Alley, Paved, Sidewalk
- Lot Size Source: King County Assessor
- Parcel Number Free Text: 2902200043
- Building Condition: Remodeled
- Calculated Square Footage: 2762
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2762.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 0
- Number of Stories in Building: 2
- Vacancy Rate: 4050
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 19813
- Gross Adjusted Income: 76950
- Gross Rent Multiplier: 19.75
- Gross Scheduled Income: $81,000
- Insurance Expense: $1,500
- Net Operating Income: $57,137
- Other Expenses: $2,670
- Total Monthly Income: 6750
- Fuel Expense: $0
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2762.0
- Leasable Area Units: Square Feet
Property History for 261 East Boston Street
| 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 261 East Boston Street
Taxable ValueLand$482,400Additions$672,600Total$1,155,000
Tax Record2024$11,500 ($958 / month)
Home Facts
Total Finished SqFt2,764 SqFtAbove Ground SqFt2,764 SqFtStories2Lot Size2,010 SqFtStyleMulti-Family Dwelling (2-4)Year Built1910Year Renovated1989ZoningLR2 (M)CountyKINGAPN290220-0043
Schools near 261 East Boston Street
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 - | 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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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 Westlake Associates, Inc.; Capstone Commercial
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.
