4247 7th Avenue Northeast
Seattle, WA 98105
$2,250,000
Price
9
Beds
3
Baths
2,796 Sq. Ft.
$805 / Sq. Ft.
2,796
Sq. Ft.
$805
per Sq. Ft.
Virtual Tour
Virtual Tour
Listing provided courtesy of Prolink Realty, LLC
Description
Prime Investment Opportunity in Seattle’s U-District! This fully leased duplex on a spacious 6,600 SF lot offers steady rental income and strong development potential. Survey and geotechnical reports is ready for your next project. Zoned MR (M1) for mid-rise multifamily development, the property features an 80-foot height limit, 4.5 FAR, and no parking requirements. Located within walking distance to the UW campus, Light Rail, and quick access to I-5. Don’t miss this rare chance to invest in one...Prime Investment Opportunity in Seattle’s U-District! This fully leased duplex on a spacious 6,600 SF lot offers steady rental income and strong development potential. Survey and geotechnical reports is ready for your next project. Zoned MR (M1) for mid-rise multifamily development, the property features an 80-foot height limit, 4.5 FAR, and no parking requirements. Located within walking distance to the UW campus, Light Rail, and quick access to I-5. Don’t miss this rare chance to invest in one of Seattle’s most desirable neighborhoods! The University of Washington, ranked No. 7 globally and No. 2 among U. S. public universities (U. S. News & World Report), this property is perfect for both ongoing rental use or future development.
- Listed by Donald C. Tsai • Prolink Realty, LLC
- Listed by Grace L. Lin • Prolink Realty, LLC
Property Details for 4247 7th Avenue Northeast
Community Name
University District
School DistrictSeattle
ViewCity, Territorial
Number of Assigned Spaces6
Total Covered Parking2
Entry Date09-04-2024
Energy SourceElectric,Natural Gas
SewerSewer Connected
LISTING UPDATED: 09/14/2024 07:39 PM
Property Details for 4247 7th Avenue Northeast
| Status | Active |
|---|---|
| MLS # | 2281436 |
| Days on Market | 16 |
| Cumulative Days on Market | 16 |
| Taxes | $19,262 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1919 |
| Lot Size | 0.15 AC / 6,600 SF |
| County | King County |
Virtual Tour
Building Information for 4247 7th Avenue Northeast
Stories2Residences2Year Built1919Building Size-Lot Size0.15 AC / 6,600 SF
Property Information for 4247 7th Avenue Northeast
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: Cable TV, Fenced-Partially, Gas Available, Outbuildings
- Area: 710 - North Seattle
- Block: 4
- Elementary School: Green Lake
- Middle Or Junior School: Hamilton Mid
- High School: Lincoln High
- Effective Year Built Source: Public Records
- Directions: From I-5N. Take exit 169 toward NR 45th St. Take right onto 8th Ave NE. turn right onto NE 42nd St. Turn right onto 7th Ave. House will be on the left. and drive in park on the back.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- 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
Virtual Tour
- Virtual Tour URL Unbranded: https://my.matterport.com/show/?m=yMCEM4fLA4a
- Virtual Tour URL Description: 3D Tour
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, Vinyl Plank, Carpet
- Features: Laminate Hardwood, Wall to Wall Carpet
- Amenities: Storage
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Forced Air
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Composition
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 5144
- Power Company: SCL
- Sewer Company: SPU
- Water Company: SPU
- Power Production Type: Electric, Natural Gas
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: Appraisal
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1940
- Photos Count: 16
Lot Information
- Lot Details: Paved, Sidewalk
- Lot Number: 7/8
- Lot Size Source: Survey
- Parcel Number Free Text: 4092300800
- Building Condition: Fair
- Calculated Square Footage: 2796
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2796.0
- 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: 2
- Number Of Units Total: 2
- Units Below Grade: false
- Units In Building Total: 2
Financing / Income and Expenses
- Electric Expense: $1,829
- Total Expenses: 29764
- Gross Adjusted Income: 88964
- Gross Rent Multiplier: 24.79
- Gross Scheduled Income: $90,780
- Insurance Expense: $1,922
- Net Operating Income: $59,200
- Other Expenses: $0
- Total Monthly Income: 7565
- Fuel Expense: $1,607
Unit 1
- Name Unit 1: A
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 1978
- Rent Unit 1: $5,985.00
- Bedrooms Unit 1: 7
- Bathrooms Unit 1: 2
Unit 2
- Name Unit 2: B
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 818
- Rent Unit 2: $1,580.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2796.0
- Leasable Area Units: Square Feet
Property History for 4247 7th Avenue Northeast
| 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 4247 7th Avenue Northeast
Taxable ValueLand$1,931,000Additions$1,000Total$1,932,000
Tax Record2022$16,374 ($1,365 / month)
Home Facts
Baths2.8Total Finished SqFt3,460 SqFtAbove Ground SqFt2,660 SqFtFinished Basement SqFt800 SqFtStories2Lot Size5,000 SqFtStyleDuplexYear Built1919ZoningMR (M1)CountyKINGAPN409230-0800Fireplace TypeHas Fireplace
Schools near 4247 7th Avenue Northeast
This home is within Seattle Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
Green Lake Elementary School PublicPK to 5 | ||
Hamilton International Middle School Public6 to 8 | ||
Lincoln High School Public9 to 12 | ||
John Stanford International Elementary School PublicK to 5 |
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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Listing Courtesy of Prolink Realty, LLC
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.
