535 Federal Avenue East

Seattle, WA 98102

$1,150,000
Price
4
Beds
4
Baths
2,743 Sq. Ft.
$419 / Sq. Ft.
2,743
Sq. Ft.
$419
per Sq. Ft.
a front view of a house
an empty room with window
an empty room with large windows
an empty room with windows
a view of an empty room
a kitchen with refrigerator and cabinets
a kitchen with a stove and a sink
a kitchen with a stove and a refrigerator
a bathroom with a toilet a sink and a window
view of a bathroom with a shower and a toilet door
a view of balcony and wooden floor
a balcony with table and chairs
a view of an empty room with a window
an empty room with a chandelier fan and windows
a view of an empty room with a window
a view of a livingroom with a large window
a kitchen with stainless steel appliances granite countertop a stove and a refrigerator
a bathroom with a sink and bathtub
a bathroom with a sink and a mirror
a view of front door of house
an empty room with windows and chandelier fan
an empty room with a chandelier fan and closet
an empty room with windows
an empty room with windows
a view of an empty room with a flat screen tv
a kitchen with granite countertop stainless steel appliances a stove a sink and a refrigerator
a view of kitchen and utility room
a room with storage and utility
a bathroom with a sink and a mirror
an empty room with windows
an empty room with a bathroom
an empty room with windows
a kitchen with stainless steel appliances granite countertop a stove a sink and a refrigerator
a kitchen with stainless steel appliances granite countertop a stove and a sink
a white toilet sitting next to a bathroom sink
a backyard of a house with lots of green space
a front view of a house with car parked
a picture of water view
Listing provided courtesy of Berkshire Hathaway HS SP

Description

Unbeatable north Capitol Hill location! This corner lot, legal 4-plex offers 4 spacious 1-bed, 1-bath apartments. Units are in good shape with plenty of upside to update apartments for even better cashflow. Old World Charm, high ceilings, light & bright, great floor plans, gas heat & cooking. UPDATED plumbing & electrical. Massive attic (more than 1,000 sq. ft.) with potential to finish. Close to EVERYTHING - A Walker's Paradise! Walk to shops, Seattle U, Volunteer Park, Swedish, Seattle CC, Cornish,...Unbeatable north Capitol Hill location! This corner lot, legal 4-plex offers 4 spacious 1-bed, 1-bath apartments. Units are in good shape with plenty of upside to update apartments for even better cashflow. Old World Charm, high ceilings, light & bright, great floor plans, gas heat & cooking. UPDATED plumbing & electrical. Massive attic (more than 1,000 sq. ft.) with potential to finish. Close to EVERYTHING - A Walker's Paradise! Walk to shops, Seattle U, Volunteer Park, Swedish, Seattle CC, Cornish, QFC, Light Rail Station, shopping, restaurants & more! Conveniently located between Broadway and 15th - close to the hustle and bustle yet still a quiet residential neighborhood. Low rents, tons of upside, BEST location on Cap Hill.
  1. Listed by Sterling M. Lemme • Berkshire Hathaway HS SP
  2. Listed by Jessica Lemme • Berkshire Hathaway HS SP

Property Details for 535 Federal Avenue East

Community Name
Capitol Hill
School District
Seattle
View
Territorial
Number of Assigned Spaces
0
Total Covered Parking
0
Entry Date
09-24-2024
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected
LISTING UPDATED: 11/13/2024 12:13 PM

Property Details for 535 Federal Avenue East

StatusActive
MLS #2294285
Days on Market58
Cumulative Days on Market58
Taxes$10,060 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1902
Lot Size0.04 AC / 1,841 SF
CountyKing County

Building Information for 535 Federal Avenue East

Stories2Residences4Year Built1902Building Size-Lot Size0.04 AC / 1,841 SF

Property Information for 535 Federal Avenue East

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Gas Available, High Speed Internet
  • Area: 390 - Central Seattle
  • Effective Year Built Source: Public Records
  • Directions: From Broadway, Head W on E Mercer St. Located on the R, on the corner of E Mercer St & Federal Ave E.
  • Leased Items: Water Tank
  • 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: 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: Vinyl, Carpet
  • Features: Wall to Wall Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard, Stove/Free Standing
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 3333.53
  • Power Company: Seattle City Light
  • Sewer Company: Seattle Public Utilities
  • Water Company: Seattle Public Utilities
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1985
  • Photos Count: 40
Lot Information
  • Lot Details: Corner Lot, Curbs, Paved, Sidewalk
  • Lot Size Source: Tax Records
  • Parcel Number Free Text: 6852700455
  • Building Condition: Good
  • Calculated Square Footage: 2743
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2743.0
  • 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: 2
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 15520.53
  • Gross Adjusted Income: 73979
  • Gross Rent Multiplier: 15
  • Gross Scheduled Income: $75,480
  • Insurance Expense: $2,127
  • Net Operating Income: $58,450
  • Other Expenses: $0
  • Total Monthly Income: 6290
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 535 #B
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 585
  • Rent Unit 1: $1,685.00
  • Bedrooms Unit 1: 1
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 535 #A
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 580
  • Rent Unit 2: $1,620.00
  • Bedrooms Unit 2: 1
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 533 #B
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 580
  • Rent Unit 3: $1,585.00
  • Bedrooms Unit 3: 1
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 533 #A
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 580
  • Rent Unit 4: $1,400.00
  • Bedrooms Unit 4: 1
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2400.0
  • Leasable Area Units: Square Feet

Property History for 535 Federal Avenue East

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 535 Federal Avenue East

Taxable ValueLand$441,800Additions$772,200Total$1,214,000
Tax Record2022$10,166 ($847 / month)
Home Facts
Total Finished SqFt2,400 SqFtAbove Ground SqFt2,400 SqFtStories2Lot Size1,841 SqFtStyleMulti-Family Dwelling (2-4)Year Built1902Year Renovated1985ZoningLR3 (M)CountyKINGAPN685270-0455

Schools near 535 Federal Avenue East

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Lowell Elementary School
Public - PK to 5
Edmonds S. Meany Middle School
Public - 6 to 8
Garfield High School
Public - 9 to 12
Hutch School
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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More information about 535 Federal Avenue East, Seattle, WA 98102

535 Federal Avenue East is a multi-family home for sale in Seattle, WA 98102. This property was listed for sale on September 24, 2024 by Berkshire Hathaway HS SP, it's currently listed at $1,150,000. It has been on the market for a total of 58 days and was last sold on May 15, 2007. This listing's school district is Seattle Public Schools. Nearby schools include Lowell Elementary School, Edmonds S. Meany Middle School and Garfield High School. 535 Federal Avenue East is a 4-bed, 4-bath, 2,743 sqft multi-family home built in 1902.

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 Berkshire Hathaway HS SP

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.