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.
Listing provided courtesy of Westlake Associates, Inc.
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.
- Listed by Travis Kannier • Westlake Associates, Inc.
Property Details for 8820 Stone Avenue North
Community Name
Licton Springs
School DistrictSeattle
Number of Assigned Spaces7
Total Covered Parking7
Entry Date10-01-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 12/13/2024 03:43 PM
Property Details for 8820 Stone Avenue North
| Status | Active |
|---|---|
| MLS # | 2297074 |
| Days on Market | 81 |
| Cumulative Days on Market | 81 |
| Taxes | $18,384 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1991 |
| Lot Size | 0.16 AC / 6,938 SF |
| County | King 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
| 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 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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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.
