4318 35th Avenue West
Seattle, WA 98199
$1,850,000
Price
8
Beds
8
Baths
5,172 Sq. Ft.
$358 / Sq. Ft.
5,172
Sq. Ft.
$358
per Sq. Ft.
Listed By Compass
Listed By Compass
Listing provided courtesy of COMPASS
Description
Perfect opportunity for a first time investment purchase, this well maintained building offers 4 - 1 bed, 1 bath units & 2 - 2 bed, 2 bath units tucked away in the north end of Magnolia. Seattle’s multifamily market remains one of the strongest in the nation, driven by a booming job market and an influx of new residents. The Magnolia neighborhood stands out for their desirability among high- income renters, offering a blend of tranquility and proximity to the city’s core These neighborhoods are well-...Perfect opportunity for a first time investment purchase, this well maintained building offers 4 - 1 bed, 1 bath units & 2 - 2 bed, 2 bath units tucked away in the north end of Magnolia. Seattle’s multifamily market remains one of the strongest in the nation, driven by a booming job market and an influx of new residents. The Magnolia neighborhood stands out for their desirability among high- income renters, offering a blend of tranquility and proximity to the city’s core These neighborhoods are well- connected, with easy access to major highways, public transportation, and Seattle’s extensive network of bike lanes and strolling paths. Met market & Discovery Park are at your doorstep!
Listing Agents
![Melissa Klinnert]()
melissa.klinnert@compass.comP: (206)-310-7904
![Stephen Kennedy]()
steve.kennedy@compass.comP: (206)-501-5100
Property Details for 4318 35th Avenue West
Community Name
Magnolia
School DistrictSeattle
Number of Assigned Spaces6
Total Covered Parking6
Entry Date01-09-2025
Energy SourceElectric
SewerAvailable
LISTING UPDATED: 01/14/2025 02:28 PM
Property Details for 4318 35th Avenue West
| Status | Active |
|---|---|
| MLS # | 2321234 |
| Days on Market | 6 |
| Cumulative Days on Market | 6 |
| Taxes | $17,713 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1986 |
| Lot Size | 0.17 AC / 7,380 SF |
| County | King County |
| Buyer's Agent Compensation | 2.5% |
Building Information for 4318 35th Avenue West
Stories2Residences6Year Built1986Building Size-Lot Size0.17 AC / 7,380 SF
Property Information for 4318 35th Avenue West
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Site Features: Deck
- Area: 700 - Queen Anne/Magnolia
- Effective Year Built Source: Public Records
- Directions: From 15th Ave W, West on Emerson to Gilman Av W, North turns into Government Way, North on 35th 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: 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: Laminate
- Features: Laminate
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 9544
- Power Company: Seattle
- Sewer Company: Seattle
- Water Company: Seattle
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- First Right Of Refusal: false
- MLS Square Footage Source: Tax Rec
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: See Remarks
- Year Built Effective: 2001
- Photos Count: 20
Lot Information
- Lot Details: Paved
- Lot Size Source: Tax Rec
- Parcel Number Free Text: 423540-1094
- Building Condition: Good
- Calculated Square Footage: 5172
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 5172.0
- 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: 5
- Number Of Units Total: 6
- Units Below Grade: false
- Units In Building Total: 6
Financing / Income and Expenses
- Electric Expense: $771
- Total Expenses: 45928
- Gross Adjusted Income: 104595
- Gross Rent Multiplier: 16.8
- Gross Scheduled Income: $110,100
- Insurance Expense: $5,000
- Net Operating Income: $58,667
- Other Expenses: $12,900
- Total Monthly Income: 9175
- Fuel Expense: $0
Unit 1
- Name Unit 1: 101
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 700
- Rent Unit 1: $975.00
- Bedrooms Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 103
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 700
- Rent Unit 2: $1,475.00
- Bedrooms Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 201
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 700
- Rent Unit 3: $1,450.00
- Bedrooms Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 203
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 700
- Rent Unit 4: $1,450.00
- Bedrooms Unit 4: 1
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 202
- Washer/Dryer Unit 5: true
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: true
- Square Feet Unit 5: 1187
- Rent Unit 5: $1,900.00
- Bedrooms Unit 5: 2
- Bathrooms Unit 5: 2
Unit 6
- Name Unit 6: 102
- Washer/Dryer Unit 6: true
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: true
- Square Feet Unit 6: 1187
- Rent Unit 6: $1,925.00
- Bedrooms Unit 6: 2
- Bathrooms Unit 6: 2
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 5174.0
- Leasable Area Units: Square Feet
Property History for 4318 35th 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 4318 35th Avenue West
Taxable ValueLand$738,000Additions$1,234,000Total$1,972,000
Tax Record2022$16,911 ($1,409 / month)
Home Facts
Total Finished SqFt5,172 SqFtAbove Ground SqFt5,172 SqFtStories2Lot Size7,380 SqFtStyleMulti-Family Dwelling (2-4)Year Built1986Year Renovated2001ZoningLR3 RC (M)CountyKINGAPN423540-1094Fireplace TypeHas Fireplace
Schools near 4318 35th 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 8 |
Rating | School | Distance |
|---|---|---|
Lawton Elementary School PublicK to 5 | ||
Mcclure Middle School Public6 to 8 | ||
Ballard High School Public9 to 12 | ||
Licton Springs 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.
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 COMPASS
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.
