812 29th Avenue South
Seattle, WA 98144
$2,700,000
Price
16
Beds
8
Baths
6,408 Sq. Ft.
$421 / Sq. Ft.
6,408
Sq. Ft.
$421
per Sq. Ft.
Listed By Compass
Listed By Compass
Listing provided courtesy of COMPASS, eXp Realty
Description
Rare Investment Opportunity in Desirable Leschi! Don’t miss this exceptional 8-unit multifamily property in sought-after Leschi, featuring three tax parcels totaling 14,980 sq ft with strong cash flow and the opportunity to add value. Multiple development options as well! Each 2-bedroom, 1-bath unit provides 800 sq ft of living space, with garage rental options and several updated units for added appeal. Amenities include an 824 sq ft shop with water and power, offering ADU conversion potential,...Rare Investment Opportunity in Desirable Leschi! Don’t miss this exceptional 8-unit multifamily property in sought-after Leschi, featuring three tax parcels totaling 14,980 sq ft with strong cash flow and the opportunity to add value. Multiple development options as well! Each 2-bedroom, 1-bath unit provides 800 sq ft of living space, with garage rental options and several updated units for added appeal. Amenities include an 824 sq ft shop with water and power, offering ADU conversion potential, six rentable garages, and a coin-operated laundry room. The property also boasts a vacant buildable lot for future growth, allowing rental income on current units while exploring new construction possibilities. Schedule a private tour today!
Listing Agent
![Jolene Brown]()
jolene.brown@compass.comP: (425)-281-8142
Property Details for 812 29th Avenue South
Community Name
Leschi
School DistrictSeattle
Number of Assigned Spaces8
Total Covered Parking6
Entry Date11-14-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/15/2024 01:15 PM
Property Details for 812 29th Avenue South
| Status | Active |
|---|---|
| MLS # | 2310424 |
| Days on Market | 3 |
| Cumulative Days on Market | 3 |
| Taxes | $30,117 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1963 |
| Lot Size | 0.34 AC / 14,980 SF |
| County | King County |
| Buyer's Agent Compensation | 2.5% |
Building Information for 812 29th Avenue South
Stories3Residences8Year Built1963Building Size-Lot Size0.34 AC / 14,980 SF
Property Information for 812 29th Avenue South
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Site Features: RV Parking, Shop
- Area: 390 - Central Seattle
- Block: 6
- Elementary School: Thurgood Marshall El
- Middle Or Junior School: Wash Mid
- High School: Garfield High
- Effective Year Built Source: Public Records
- Directions: From I-90, take exit Rainier Ave South, turn Left on S Holgate St, turn Left on 23rd Ave S, turn Right on S Dearborn St, turn Right on 29th Ave S. Property will be on your Left.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
- Additional Tax Ids: 0567000585,0567000600
Parking
- Number of Carport Spaces: 1.0
- Carport: No
- Parking Type: RV Parking
- Open Parking Spaces: 0.0
- Open Parking: No
- Parking Features: RV Parking
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
- Amenities: Coin Op Laundry
- Cooling: Yes
- Cooling: Ductless HP-Mini Split, None
- Fireplace: No
- Heating: Yes
- Heating: Ductless HP-Mini Split, Forced Air
- FIRPTA: No
Exterior Features
- Exterior: Stucco, Wood Products
- Roof: Flat
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 15026.36
- Power Company: City Lights
- Sewer Company: City Lights
- Water Company: City Lights
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Foundation: Slab
- First Right Of Refusal: false
- MLS Square Footage Source: Realist
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1990
- Photos Count: 32
Lot Information
- Lot Details: Sidewalk
- Lot Size Dimensions: 100X150ft
- Lot Number: 12
- Lot Size Source: Realist
- Parcel Number Free Text: 0567000590
- Calculated Square Footage: 6408
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 6408.0
- 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: 3
- Vacancy Rate: 5
- Number Of Units Total: 8
- Units Below Grade: false
- Units In Building Total: 8
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 48643.36
- Gross Adjusted Income: 168080
- Gross Rent Multiplier: 15.2
- Gross Scheduled Income: $177,600
- Insurance Expense: $3,500
- Net Operating Income: $120,080
- Other Expenses: $0
- Total Monthly Income: 13700
- Fuel Expense: $0
Unit 1
- Name Unit 1: 818-8
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Square Feet Unit 1: 800
- Rent Unit 1: $2,000.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 818-7
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Square Feet Unit 2: 800
- Rent Unit 2: $2,000.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 818-6
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Square Feet Unit 3: 800
- Rent Unit 3: $1,800.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 818-5
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Square Feet Unit 4: 800
- Rent Unit 4: $1,800.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 812-4
- Washer/Dryer Unit 5: false
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Square Feet Unit 5: 800
- Rent Unit 5: $1,800.00
- Bedrooms Unit 5: 2
- Fireplaces Unit 5: 0
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 812-3
- Washer/Dryer Unit 6: false
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Square Feet Unit 6: 800
- Rent Unit 6: $1,800.00
- Bedrooms Unit 6: 2
- Fireplaces Unit 6: 0
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 812-2
- Washer/Dryer Unit 7: false
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Square Feet Unit 7: 800
- Bedrooms Unit 7: 2
- Fireplaces Unit 7: 0
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 812-1
- Washer/Dryer Unit 8: false
- Range/Oven Unit 8: true
- Refrigerator Unit 8: true
- Square Feet Unit 8: 800
- Rent Unit 8: $2,000.00
- Bedrooms Unit 8: 2
- Fireplaces Unit 8: 0
- Bathrooms Unit 8: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 6408.0
- Leasable Area Units: Square Feet
Property History for 812 29th Avenue South
| 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 812 29th Avenue South
Taxable ValueLand$720,000Additions$590,000Total$1,310,000
Tax Record2022$11,784 ($982 / month)
Home Facts
Total Finished SqFt3,204 SqFtAbove Ground SqFt3,204 SqFtStories3Lot Size6,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1963Year Renovated1990ZoningLR2 (M)CountyKINGAPN056700-0590
Schools near 812 29th Avenue South
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 - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Leschi Elementary School PublicK to 5 | ||
Edmonds S. Meany Middle School Public6 to 8 | ||
Garfield High School Public9 to 12 | ||
Nova High 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.
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 Leschi
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; eXp Realty
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.
