516 East Denny Way
Seattle, WA 98122
$1,232,000
Price
—
Beds
2,380 Sq. Ft.
$518 / Sq. Ft.
2,380
Sq. Ft.
$518
per Sq. Ft.
Listing provided courtesy of Skyline Properties, Inc.
Description
Investor alert! Turn key income property. Rare adjoining 2 parcels at the heart of Capitol Hill (check MLS#2232749). MR Zoning, great potential for upgrade, airbnb, or multi-unit development. Prime location in the coveted neighborhood of Capitol Hill provides easy access to countless restaurants, coffee shops, shopping, grocery stores, transportation, and entertainment options. Walking distance to the Spheres. This exceptional location coupled with unique house-like living is proven to be very desirable,...Investor alert! Turn key income property. Rare adjoining 2 parcels at the heart of Capitol Hill (check MLS#2232749). MR Zoning, great potential for upgrade, airbnb, or multi-unit development. Prime location in the coveted neighborhood of Capitol Hill provides easy access to countless restaurants, coffee shops, shopping, grocery stores, transportation, and entertainment options. Walking distance to the Spheres. This exceptional location coupled with unique house-like living is proven to be very desirable, resulting in higher income and ultra-low vacancy.
- Listed by Crystal Xiao • Skyline Properties, Inc.
Property Details for 516 East Denny Way
Community Name
Capitol Hill
School DistrictSeattle
ViewCity
Number of Assigned Spaces1
Total Covered Parking0
Entry Date05-09-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 10:43 AM
Property Details for 516 East Denny Way
| Status | Active |
|---|---|
| MLS # | 2232751 |
| Days on Market | 196 |
| Cumulative Days on Market | 196 |
| Taxes | $7,622 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1919 |
| Lot Size | 0.05 AC / 2,100 SF |
| County | King County |
Building Information for 516 East Denny Way
Stories2Residences3Year Built1919Building Size-Lot Size0.05 AC / 2,100 SF
Property Information for 516 East Denny Way
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: Cable TV, High Speed Internet
- Area: 390 - Central Seattle
- Elementary School: Lowell
- Middle Or Junior School: Wash Mid
- High School: Garfield High
- Directions: Follow GPS, it will lead to the right location.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 1.0
- 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: Ceramic Tile, Hardwood, Slate, Carpet
- Features: Ceramic Tile, Hardwood, Wall to Wall Carpet
- Amenities: Basement,Storage
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: Yes
Exterior Features
- Exterior: Wood Products
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 0
- Power Company: Seattle City Light
- Sewer Company: Seattle Public Utilities
- Water Company: Seattle Public Utilities
- Power Production Type: Electric
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
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 8
Lot Information
- Lot Details: Curbs, Paved, Sidewalk
- Lot Size Source: Public records
- Parcel Number Free Text: 6848200657
- Calculated Square Footage: 2380
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2380.0
- 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: 0
- Number Of Units Total: 3
- Units Below Grade: false
- Units In Building Total: 2
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 7622
- Gross Adjusted Income: 54060
- Gross Rent Multiplier: 26.5
- Gross Scheduled Income: $54,060
- Insurance Expense: $0
- Net Operating Income: $46,438
- Other Expenses: $0
- Total Monthly Income: 4505
- Fuel Expense: $0
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2380.0
- Leasable Area Units: Square Feet
Property History for 516 East Denny Way
| 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 516 East Denny Way
Taxable ValueLand$317,000Additions$581,000Total$898,000
Tax Record2022$7,666 ($639 / month)
Home Facts
Baths2.8Total Finished SqFt3,250 SqFtAbove Ground SqFt2,380 SqFtFinished Basement SqFt870 SqFtStories2Lot Size2,100 SqFtStyleDuplexYear Built1919ZoningMR (M)CountyKINGAPN684820-0657Fireplace TypeHas Fireplace
Schools near 516 East Denny Way
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 - | PK to 12 |
Rating | School | Distance |
|---|---|---|
Lowell Elementary School PublicPK to 5 | ||
Edmonds S. Meany Middle School Public6 to 8 | ||
Garfield High School Public9 to 12 | ||
Hutch School 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.
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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 Skyline Properties, 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.
