3238 15th Ave W

Seattle, WA 98119

$1,450,000
Last Sold Price
—
Beds
—
Baths
4,410 Sq. Ft.
$329 / Sq. Ft.
4,410
Sq. Ft.
$329
per Sq. Ft.

Description

DravusApartments, a six-unit apartment building in West Queen Anne. Centrally positioned between Ballard, Fremont, South Lake Union and Downtown Seattle. The property features an attractive unit mix consisting of two 1-bedroom, four 2-bedrooms, and featuring a spacious average of 735sf. The building also boasts personal deck space, and an abundance of parking with 11 total spots both above and below the building. By updating the units and modernizing the systems and amenities, investors are poised...DravusApartments, a six-unit apartment building in West Queen Anne. Centrally positioned between Ballard, Fremont, South Lake Union and Downtown Seattle. The property features an attractive unit mix consisting of two 1-bedroom, four 2-bedrooms, and featuring a spacious average of 735sf. The building also boasts personal deck space, and an abundance of parking with 11 total spots both above and below the building. By updating the units and modernizing the systems and amenities, investors are poised to realize a near 39% potential rental upside. DravusApartments makes an excellent investment for investors who are looking to secure a prime location and maximize their returns through a strategic value-add play.
  1. Listed by Christopher Larsen • Lee & Associates Commercial RE
  2. Listed by Dea Sumantri • Lee & Associates Commercial RE

Property Details for 3238 15th Avenue West

Community Name
Queen Anne
School District
Seattle
Number of Assigned Spaces
12
Total Covered Parking
0
Offers Review Date
06-24-2024
Entry Date
06-10-2024
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 01/27/2025 04:02 AM

Property Details for 3238 15th Avenue West

StatusSold
MLS #2250173
Days on Market70
Cumulative Days on Market70
Taxes$17,092 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1967
Lot Size0.13 AC / 5,650 SF
CountyKing County

Location

Listing Courtesy of Lee & Associates Commercial RE

Sold By Lee & Associates Commercial RE

Add your commute

Building Information for 3238 15th Avenue West

Stories3Residences6Year Built1967Building Size-Lot Size0.13 AC / 5,650 SF

Payment Calculator

$9,021 per month

30 year fixed, 6.845% Interest

Principal and Interest

$7,597

Property Taxes

$1,424

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3238 15th Avenue West

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Fenced-Partially
  • Area: 700 - Queen Anne/Magnolia
  • Elementary School: Seattle Public Sch
  • Middle Or Junior School: Mc Clure Mid
  • High School: Lincoln High
  • Effective Year Built Source: Public Records
  • Directions: From W Dravus St, head north on 15th Ave West
  • 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: 12.0
  • 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: Laminate, Carpet
  • Features: Laminate Hardwood, Wall to Wall Carpet
  • Amenities: Coin Op Laundry,See Remarks,Storage
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: See Remarks
  • Roof: See Remarks
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Community
  • Water/Sewer/Garbage: 8400
  • Power Company: Seattle City Light
  • Sewer Company: Public
  • Water Company: Water District
  • 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: Building Plans
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1992
  • Photos Count: 11
Lot Information
  • Lot Details: Sidewalk
  • Lot Size Source: County
  • Parcel Number Free Text: 2770603570
  • Calculated Square Footage: 4410
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 4410.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 12
  • Number of Stories in Building: 3
  • Vacancy Rate: 5
  • Number Of Units Total: 6
  • Units Below Grade: false
  • Units In Building Total: 6
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 51220
  • Gross Adjusted Income: 119928
  • Gross Rent Multiplier: 13.1
  • Gross Scheduled Income: $126,240
  • Insurance Expense: $8,588
  • Net Operating Income: $69,903
  • Other Expenses: $17,140
  • Total Monthly Income: 10620
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 4410.0
  • Leasable Area Units: Square Feet

Property History for 3238 15th Avenue West

DateEvent & SourcePriceAppreciation
Dec 27, 2024

Sold

NWMLS #2250173

$1,450,000—
Dec 10, 2024

Sold (Public Record)

Public Record #1547367895

$1,450,000—
Dec 10, 2024

Sold (Public Record)

Public Record #1549373679

$1,450,000

+4.3% / yr

Aug 19, 2024

Pending

NWMLS #2250173

—
Jun 10, 2024

Listed (Active)

NWMLS #2250173

$1,650,000—
Jan 23, 2004

Sold (Public Record)

Public Record #129888802

$598,100—
DateEvent & SourcePrice
12/27/2024

Sold

NWMLS #2250173

$1,450,000
12/10/2024

Sold (Public Record)

Public Record #1547367895

$1,450,000
12/10/2024

Sold (Public Record)

Public Record #1549373679

$1,450,000

+4.3% / yr

08/19/2024

Pending

NWMLS #2250173

—
06/10/2024

Listed (Active)

NWMLS #2250173

$1,650,000
01/23/2004

Sold (Public Record)

Public Record #129888802

$598,100

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

Public Records for 3238 15th Avenue West

Taxable ValueLand$988,700Additions$622,300Total$1,611,000
Tax Record2024$17,092 ($1,424 / month)
Home Facts
Total Finished SqFt4,410 SqFtAbove Ground SqFt4,410 SqFtStories2Lot Size5,650 SqFtStyleMulti-Family Dwelling (2-4)Year Built1967Year Renovated1992ZoningNC3-55 (M)CountyKINGAPN277060-3570

Schools near 3238 15th 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 - PK to 12
Rating
School
Distance
Coe Elementary School
PublicK to 5

Mcclure Middle School
Public6 to 8

Lincoln High School
Public9 to 12

Residential Consortium
PublicPK 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

Similar Sold Homes

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

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 07/10/2025 05:39 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.