2845 21st Avenue West
Seattle, WA 98199
$1,195,000
Price
5
Beds
3
Baths
2,400 Sq. Ft.
$498 / Sq. Ft.
2,400
Sq. Ft.
$498
per Sq. Ft.
Listing provided courtesy of Paragon Real Estate Advisors
Description
This triplex features two 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. One of the 2-bedroom units is currently occupied by the owner, who is flexible and willing to vacate upon closing or agree to a short leaseback if needed. The other 2-bedroom unit was recently vacated, and the 1-bedroom unit has a long-term tenant. Multiple investment strategies: renovate vacant units, lease at market rates in current condition, build ADA/DADU on back of the lot (Buyer to verify).This triplex features two 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. One of the 2-bedroom units is currently occupied by the owner, who is flexible and willing to vacate upon closing or agree to a short leaseback if needed. The other 2-bedroom unit was recently vacated, and the 1-bedroom unit has a long-term tenant. Multiple investment strategies: renovate vacant units, lease at market rates in current condition, build ADA/DADU on back of the lot (Buyer to verify).
- Listed by Ben Douglas • Paragon Real Estate Advisors
- Listed by Michael Urquhart • Paragon Real Estate Advisors
Property Details for 2845 21st Avenue West
Community Name
Magnolia
School DistrictSeattle
Number of Assigned Spaces4
Total Covered Parking0
Entry Date09-05-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 09/11/2024 04:02 PM
Property Details for 2845 21st Avenue West
| Status | Active |
|---|---|
| MLS # | 2286848 |
| Days on Market | 11 |
| Cumulative Days on Market | 11 |
| Taxes | $3,679 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1959 |
| Lot Size | 0.12 AC / 5,400 SF |
| County | King County |
Building Information for 2845 21st Avenue West
Stories3Residences3Year Built1959Building Size-Lot Size0.12 AC / 5,400 SF
Property Information for 2845 21st Avenue West
Summary
Location and General Information
- Style: 53 - Tri-plex
- Area: 700 - Queen Anne/Magnolia
- Directions: From downtown Seattle, head southwest on Madison St toward 2nd Ave. Continue on Western Ave. Take Elliott Ave W, W Garfield S and Thorndyke Ave W to 21st Ave W. Turn left onto 21st Ave W.
- 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: 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
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
Exterior Features
- Exterior: Brick
- Roof: Composition
Property
Utilities
- Water/Sewer/Garbage: 3900
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Preliminary Title Ordered: No
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 27
Lot Information
- Lot Size Source: King County
- Parcel Number Free Text: 2770602255
- Calculated Square Footage: 2400
- Structure Type: Triplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2400.0
- 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: 3
- Vacancy Rate: 5
- Number Of Units Total: 3
- Units Below Grade: false
- Units In Building Total: 3
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 15115
- Gross Adjusted Income: 66918
- Gross Rent Multiplier: 16.96
- Gross Scheduled Income: $70,440
- Insurance Expense: $4,536
- Net Operating Income: $51,803
- Other Expenses: $3,000
- Total Monthly Income: 5870
- 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: false
- Square Feet Unit 1: 850
- Rent Unit 1: $2,095.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 850
- Rent Unit 2: $2,095.00
- Bedrooms Unit 2: 2
- 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: false
- Square Feet Unit 3: 700
- Rent Unit 3: $1,250.00
- Bedrooms Unit 3: 1
- Bathrooms Unit 3: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2400.0
- Leasable Area Units: Square Feet
Property History for 2845 21st 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 2845 21st Avenue West
Taxable ValueLand$220,000Additions$53,000Total$273,000
Tax Record2022$1,163 ($97 / month)
Home Facts
Baths3Total Finished SqFt4,530 SqFtAbove Ground SqFt3,020 SqFtFinished Basement SqFt1,510 SqFtStories1Lot Size5,400 SqFtStyleTriplexYear Built1959ZoningNR3CountyKINGAPN277060-2255Fireplace TypeHas Fireplace
Schools near 2845 21st 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 Paragon Real Estate Advisors
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.
