627 West Mercer Place

Seattle, WA 98119

$1,125,000
Last Sold Price
7
Beds
4
Baths
2,344 Sq. Ft.
$480 / Sq. Ft.
2,344
Sq. Ft.
$480
per Sq. Ft.

Sold 12/12/24

Sold 12/12/24

Listing provided courtesy of Paragon Real Estate Advisors, Redfin

Description

The West Mercer Fourplex was completely rebuilt in the early 2000’s and is on a 3,003 SqFt lot that is zoned MR(M), allowing for development potential to the future buyer. The units are in good condition and have been well cared for since their reconstruction. The Fourplex consists of 3 – 2Bd/1Bth units that average 683 SqFt and 1 – 1Bd/1Bth unit that is 450 SqFt. In the rear of the property is a backyard that is fully fenced and perfect for relaxing outside during the Seattle summers. The two upper...The West Mercer Fourplex was completely rebuilt in the early 2000’s and is on a 3,003 SqFt lot that is zoned MR(M), allowing for development potential to the future buyer. The units are in good condition and have been well cared for since their reconstruction. The Fourplex consists of 3 – 2Bd/1Bth units that average 683 SqFt and 1 – 1Bd/1Bth unit that is 450 SqFt. In the rear of the property is a backyard that is fully fenced and perfect for relaxing outside during the Seattle summers. The two upper units have their own private deck and have views of the Puget Sound. All the apartments come fully equipped with a complete kitchen appliance package, in-unit washer/dryer and hardwood floors.
  1. Listed by Will Douglas • Paragon Real Estate Advisors
  2. Listed by Ryan Iles • Paragon Real Estate Advisors

Property Details for 627 West Mercer Place

Community Name
Queen Anne
School District
Seattle
Number of Assigned Spaces
2
Total Covered Parking
0
Entry Date
11-06-2024
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 01/12/2025 04:03 AM

Property Details for 627 West Mercer Place

StatusSold
MLS #2308682
Days on Market8
Cumulative Days on Market120
Taxes$11,101 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2005
Lot Size0.07 AC / 3,003 SF
CountyKing County

Building Information for 627 West Mercer Place

Stories2Residences4Year Built2005Building Size-Lot Size0.07 AC / 3,003 SF

Property Information for 627 West Mercer Place

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Area: 700 - Queen Anne/Magnolia
  • Directions: From Downtown Seattle, get on 4th Ave. Use the left 2 lanes to turn left onto Denny Wy. Continue onto Elliott Ave W. Turn right onto W Mercer Pl.
  • 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
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water/Sewer/Garbage: 4800
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Preliminary Title Ordered: No
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 21
Lot Information
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 3879901760
  • Calculated Square Footage: 2344
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2344.0
  • 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: 4
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 21480
  • Gross Adjusted Income: 81792
  • Gross Rent Multiplier: 14.1
  • Gross Scheduled Income: $85,200
  • Insurance Expense: $1,579
  • Net Operating Income: $60,312
  • Other Expenses: $4,000
  • Total Monthly Income: 7100
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Square Feet Unit 1: 700
  • Rent Unit 1: $1,800.00
  • Bedrooms Unit 1: 2
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Square Feet Unit 2: 700
  • Rent Unit 2: $1,795.00
  • Bedrooms Unit 2: 2
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Square Feet Unit 3: 450
  • Rent Unit 3: $1,595.00
  • Bedrooms Unit 3: 1
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Square Feet Unit 4: 650
  • Rent Unit 4: $1,850.00
  • Bedrooms Unit 4: 2
  • Bathrooms Unit 4: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2344.0
  • Leasable Area Units: Square Feet

Property History for 627 West Mercer Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 627 West Mercer Place

Taxable ValueLand$1,021,000Additions$266,000Total$1,287,000
Tax Record2024$11,101 ($925 / month)
Home Facts
Total Finished SqFt2,344 SqFtAbove Ground SqFt2,344 SqFtStories2Lot Size3,003 SqFtStyleMulti-Family Dwelling (2-4)Year Built1931Year Renovated1991ZoningMR (M)CountyKINGAPN387990-1760

Schools near 627 West Mercer Place

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Hay Elementary School
Public - K to 5
Mcclure Middle School
Public - 6 to 8
Lincoln High School
Public - 9 to 12
The Center School
Public - 9 to 12
Rating
School
Distance
Hay Elementary School
PublicK to 5

Mcclure Middle School
Public6 to 8

Lincoln High School
Public9 to 12

The Center School
Public9 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 Paragon Real Estate Advisors

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.