8302 8th Avenue Northwest
Seattle, WA 98117
$1,495,000
Price
6
Beds
5
Baths
3,516 Sq. Ft.
$425 / Sq. Ft.
3,516
Sq. Ft.
$425
per Sq. Ft.
Listing provided courtesy of Pacific Crest
Description
Nestled in Seattle's vibrant Greenwood neighborhood, this 5 unit apartment is compelling investment opportunity suitable for both novice and seasoned investors. Positioned strategically amidst Seattle's coveted Phinney Ridge, Ballard and Greenwood neighborhoods and boasting a robust rental track record, this property provides consistent rental income and the prospect of substantial long term value appreciation. These neighborhoods have shown resilience to economic changes and have remained popular...Nestled in Seattle's vibrant Greenwood neighborhood, this 5 unit apartment is compelling investment opportunity suitable for both novice and seasoned investors. Positioned strategically amidst Seattle's coveted Phinney Ridge, Ballard and Greenwood neighborhoods and boasting a robust rental track record, this property provides consistent rental income and the prospect of substantial long term value appreciation. These neighborhoods have shown resilience to economic changes and have remained popular even during economic downturns, making them a long term blue chip investments.
- Listed by Alfred Anderson • Pacific Crest
- Listed by Alan Wileman • Pacific Crest
Property Details for 8302 8th Avenue Northwest
Community Name
Greenwood
School DistrictSeattle
Number of Assigned Spaces4
Total Covered Parking0
Entry Date06-01-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 01:23 PM
Property Details for 8302 8th Avenue Northwest
| Status | Active |
|---|---|
| MLS # | 2246773 |
| Days on Market | 178 |
| Cumulative Days on Market | 178 |
| Taxes | $13,387 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1957 |
| Lot Size | 0.10 AC / 4,512 SF |
| County | King County |
Building Information for 8302 8th Avenue Northwest
Stories1Residences5Year Built1957Building Size-Lot Size0.10 AC / 4,512 SF
Property Information for 8302 8th Avenue Northwest
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Area: 705 - Ballard/Greenlake
- Elementary School: Green Lake
- Middle Or Junior School: Whitman Mid
- High School: Ballard High
- Effective Year Built Source: Public Records
- Directions: North on Hwy 99, slight right onto Whitman Pl N. Turn left at the 1st cross street onto N 63rd St. Continue onto Woodland Pl NW. Location on right.
- Leased Items: Washer/Dryer
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 3.0
- Carport: No
- Open Parking Spaces: 1.0
- Open Parking: Yes
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: Hardwood
- Features: Hardwood
- Amenities: Basement,Coin Op Laundry,Storage
- Cooling: Yes
- Cooling: Other – See Remarks
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Brick
- Roof: Torch Down
Property
Utilities
- Water/Sewer/Garbage: 5313
- 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
- MLS Square Footage Source: public records
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1983
- Photos Count: 9
Lot Information
- Lot Details: Alley, Corner Lot, Curbs, Paved, Sidewalk
- Lot Number: 47
- Lot Size Source: public records
- Parcel Number Free Text: 2919700565
- Building Condition: Average
- Calculated Square Footage: 3516
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3516.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 1
- Number of Stories in Building: 1
- Vacancy Rate: 3
- Number Of Units Total: 5
- Units Below Grade: true
- Units In Building Total: 5
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 26763
- Gross Adjusted Income: 101268
- Gross Rent Multiplier: 14.85
- Gross Scheduled Income: $104,400
- Insurance Expense: $2,813
- Net Operating Income: $74,505
- Other Expenses: $5,250
- Total Monthly Income: 8700
- Fuel Expense: $0
Unit 1
- Name Unit 1: 8302
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 650
- Rent Unit 1: $1,595.00
- Bedrooms Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 8304
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 650
- Rent Unit 2: $1,715.00
- Bedrooms Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 8306
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 650
- Rent Unit 3: $1,715.00
- Bedrooms Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 8308
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: false
- Square Feet Unit 4: 650
- Rent Unit 4: $1,715.00
- Bedrooms Unit 4: 1
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 654
- Washer/Dryer Unit 5: false
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: false
- Square Feet Unit 5: 936
- Rent Unit 5: $1,835.00
- Bedrooms Unit 5: 2
- Bathrooms Unit 5: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3536.0
- Leasable Area Units: Square Feet
Property History for 8302 8th Avenue Northwest
| 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 8302 8th Avenue Northwest
Taxable ValueLand$879,800Additions$486,200Total$1,366,000
Tax Record2022$11,821 ($985 / month)
Home Facts
Total Finished SqFt3,535 SqFtAbove Ground SqFt3,535 SqFtStories1Lot Size4,512 SqFtStyleMulti-Family Dwelling (2-4)Year Built1957Year Renovated1983ZoningLR2 RC (M)CountyKINGAPN291970-0565
Schools near 8302 8th Avenue Northwest
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 - | K to 8 |
Rating | School | Distance |
|---|---|---|
Whittier Elementary School PublicK to 5 | ||
Whitman Middle School Public6 to 8 | ||
Ballard High School Public9 to 12 | ||
Salmon Bay School PublicK 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.
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Listing Courtesy of Pacific Crest
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.
