8820 Stone Avenue North

Seattle, WA 98103

$2,450,000
Price
16
Beds
14
Baths
6,558 Sq. Ft.
$374 / Sq. Ft.
6,558
Sq. Ft.
$374
per Sq. Ft.

Description

Located in the up-and-coming neighborhood of North Green Lake, this 7-unit apartment is on the market for the first time since the current owner had it built in 1991. This property offers investors the opportunity to own and manage an easily maintained and easy to rent building with immediate rental upside and value-add potential. Each unit is spacious and has their own washer/dryer. The basement also has a laundry area that all tenants have access to. Over the years the units have been updated with...Located in the up-and-coming neighborhood of North Green Lake, this 7-unit apartment is on the market for the first time since the current owner had it built in 1991. This property offers investors the opportunity to own and manage an easily maintained and easy to rent building with immediate rental upside and value-add potential. Each unit is spacious and has their own washer/dryer. The basement also has a laundry area that all tenants have access to. Over the years the units have been updated with new carpets, paint and appliances when needed. Located 2 blocks from a major transit line, quick and easy access to I-5 and Hwy 99, and less than a 5-minute drive to Northgate Mall and the new Light Rail Station.
  1. Listed by Travis Kannier • Westlake Associates, Inc.

Property Details for 8820 Stone Avenue North

Community Name
Licton Springs
School District
Seattle
Number of Assigned Spaces
7
Total Covered Parking
7
Entry Date
10-01-2024
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 12/13/2024 03:43 PM

Property Details for 8820 Stone Avenue North

StatusActive
MLS #2297074
Days on Market81
Cumulative Days on Market81
Taxes$18,384 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1991
Lot Size0.16 AC / 6,938 SF
CountyKing County

Building Information for 8820 Stone Avenue North

Stories3Residences7Year Built1991Building Size-Lot Size0.16 AC / 6,938 SF

Property Information for 8820 Stone Avenue North

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Fenced-Partially
  • Area: 705 - Ballard/Greenlake
  • Directions: On Aurora Ave N/Hwy 99 - turn right onto N 85th St. Turn left onto Stone Ave N. At traffic circle, continue straight and property will be on the right.
  • 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: Baseboard
Exterior Features
  • Exterior: Wood
  • Roof: Composition
  • Security Features: FullyFenced
Property
Utilities
  • Water/Sewer/Garbage: 6400
  • Power Production Type: Electric
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
  • Photos Count: 10
Lot Information
  • Lot Details: Paved, Sidewalk
  • Lot Size Source: King County Assessor
  • Parcel Number Free Text: 0993001000
  • Calculated Square Footage: 6558
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 6558.0
  • 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: 7
  • Units Below Grade: false
  • Units In Building Total: 7
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 37734
  • Gross Adjusted Income: 174477
  • Gross Rent Multiplier: 13.34
  • Gross Scheduled Income: $183,660
  • Insurance Expense: $10,750
  • Net Operating Income: $136,743
  • Other Expenses: $2,200
  • Total Monthly Income: 15305
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 101
  • Square Feet Unit 1: 873
  • Rent Unit 1: $2,050.00
  • Bedrooms Unit 1: 2
  • Bathrooms Unit 1: 2
Unit 2
  • Name Unit 2: 201
  • Square Feet Unit 2: 873
  • Rent Unit 2: $2,100.00
  • Bedrooms Unit 2: 2
  • Bathrooms Unit 2: 2
Unit 3
  • Name Unit 3: 202
  • Square Feet Unit 3: 873
  • Rent Unit 3: $2,035.00
  • Bedrooms Unit 3: 2
  • Bathrooms Unit 3: 2
Unit 4
  • Name Unit 4: 203
  • Square Feet Unit 4: 1083
  • Rent Unit 4: $2,350.00
  • Bedrooms Unit 4: 3
  • Bathrooms Unit 4: 2
Unit 5
  • Name Unit 5: 301
  • Square Feet Unit 5: 873
  • Rent Unit 5: $2,000.00
  • Bedrooms Unit 5: 2
  • Bathrooms Unit 5: 2
Unit 6
  • Name Unit 6: 302
  • Square Feet Unit 6: 873
  • Rent Unit 6: $2,050.00
  • Bedrooms Unit 6: 2
  • Bathrooms Unit 6: 2
Unit 7
  • Name Unit 7: 303
  • Square Feet Unit 7: 1083
  • Rent Unit 7: $2,720.00
  • Bedrooms Unit 7: 3
  • Bathrooms Unit 7: 2
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 6558.0
  • Leasable Area Units: Square Feet

Property History for 8820 Stone Avenue North

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 8820 Stone Avenue North

Taxable ValueLand$1,248,800Additions$820,200Total$2,069,000
Tax Record2022$17,912 ($1,493 / month)
Home Facts
Total Finished SqFt6,517 SqFtAbove Ground SqFt6,517 SqFtStories3Lot Size6,938 SqFtStyleMulti-Family Dwelling (2-4)Year Built1991Year Renovated2004ZoningLR2 (M)CountyKINGAPN099300-1000Fireplace TypeSingle

Schools near 8820 Stone Avenue North

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 - 6 to 12
Rating
School
Distance
Daniel Bagley Elementary School
PublicK to 5

Robert Eagle Staff Middle School
Public6 to 8

Ingraham High School
Public9 to 12

Education Service Centers
Public6 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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8820 Stone Avenue North is a multi-family home for sale in Seattle, WA 98103. This property was listed for sale on October 1, 2024 by Westlake Associates, Inc., it's currently listed at $2,450,000. This listing's school district is Seattle Public Schools. Nearby schools include Daniel Bagley Elementary School, Robert Eagle Staff Middle School and Ingraham High School. 8820 Stone Avenue North is a 16-bed, 14-bath, 6,558 sqft multi-family home built in 1991.

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 Westlake Associates, 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.