3315 West Ruffner Street
Seattle, WA 98199
$1,750,000
Price
—
Beds
3,560 Sq. Ft.
$492 / Sq. Ft.
3,560
Sq. Ft.
$492
per Sq. Ft.
Listing provided courtesy of Ewing & Clark, Inc.
Description
Four unit apartment building that has a great corner lot with alley access and 4 units in 2 buildings that are 3 blocks from Magnolia Playfield and seven blocks from the Magnolia shopping center. The apartment house is on an alley with 4 parking stalls for the units off the alley. Each unit is a spacious 2 bedroom and 1 bath with washer/dryer and dishwashers. The 5900sf lot also has the potential for development in the future and at this time the city of Seattle will allow 5 townhomes to be built...Four unit apartment building that has a great corner lot with alley access and 4 units in 2 buildings that are 3 blocks from Magnolia Playfield and seven blocks from the Magnolia shopping center. The apartment house is on an alley with 4 parking stalls for the units off the alley. Each unit is a spacious 2 bedroom and 1 bath with washer/dryer and dishwashers. The 5900sf lot also has the potential for development in the future and at this time the city of Seattle will allow 5 townhomes to be built under LR1 (M) zoning. The current apartment houses have 4 units that currently produce an annual NOI of $63,814 with an upside in rents for the units for the future.
- Listed by Richard Riley • Ewing & Clark, Inc.
Property Details for 3315 West Ruffner Street
Community Name
Magnolia
School DistrictSeattle
Number of Assigned Spaces4
Total Covered Parking0
Entry Date06-20-2024
Energy SourceNatural Gas
SewerAvailable
LISTING UPDATED: 11/13/2024 10:12 AM
Property Details for 3315 West Ruffner Street
| Status | Active |
|---|---|
| MLS # | 2257616 |
| Days on Market | 154 |
| Cumulative Days on Market | 154 |
| Taxes | $10,418 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1993 |
| Lot Size | 0.14 AC / 5,900 SF |
| County | King County |
Building Information for 3315 West Ruffner Street
Stories2Residences4Year Built1993Building Size-Lot Size0.14 AC / 5,900 SF
Property Information for 3315 West Ruffner Street
Summary
Location and General Information
- Style: 52 - Duplex
- Area: 700 - Queen Anne/Magnolia
- Block: 15
- Directions: 7 blocks north of Magnolia town center on 34th Ave W.
- Leased Items: Washer/Dryer
- 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
- Floor Covering: Carpet
- Features: Wall to Wall Carpet
- Cooling: Yes
- Cooling: Other – See Remarks
- Fireplace: No
- Heating: Yes
- Heating: Forced Air
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Composition
Property
Utilities
- Water/Sewer/Garbage: 5028
- Power Company: PG & E
- Sewer Company: Seattle
- Water Company: Seattle
- Power Production Type: Natural Gas
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- Possible Use: Multi-Family
- Letter On File: Duplicate Prop Type
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 13
Lot Information
- Lot Details: Corner Lot
- Lot Size Dimensions: 50 x 118
- Lot Number: 24
- Lot Size Source: King County
- Parcel Number Free Text: 6821101845
- Calculated Square Footage: 3560
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3560.0
- 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: 5
- Number Of Units Total: 4
- Units Below Grade: true
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $171
- Total Expenses: 30453
- Gross Adjusted Income: 94266
- Gross Rent Multiplier: 18.6
- Gross Scheduled Income: $99,228
- Insurance Expense: $7,200
- Net Operating Income: $63,814
- Other Expenses: $7,636
- Total Monthly Income: 8269
- Fuel Expense: $0
Rental
Rent Information
- Occupant Type: Vacant
- Leasable Area: 1780.0
- Leasable Area Units: Square Feet
Property History for 3315 West Ruffner 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 3315 West Ruffner Street
Taxable ValueLand$716,000Additions$448,000Total$1,164,000
Tax Record2022$10,139 ($845 / month)
Home Facts
Baths3.8Total Finished SqFt2,680 SqFtAbove Ground SqFt1,780 SqFtFinished Basement SqFt900 SqFtStories1Lot Size5,900 SqFtStyleDuplexYear Built1993ZoningLR1 (M)CountyKINGAPN682110-1845
Schools near 3315 West Ruffner 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 12 |
Rating | School | Distance |
|---|---|---|
Lawton Elementary School PublicK to 5 | ||
Mcclure Middle School Public6 to 8 | ||
Ballard 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
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near Magnolia
Neighborhoods
Cities
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 Ewing & Clark, Inc.
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.
