940 North 103rd Street

Seattle, WA 98133

$1,595,000
Price
15
Beds
8
Baths
5,684 Sq. Ft.
$281 / Sq. Ft.
5,684
Sq. Ft.
$281
per Sq. Ft.
Listing provided courtesy of WPI Real Estate Services, Inc.

Description

Here is the opportunity to expand your investment portfolio with a well qualified asset that has seven (7), 2br 1 bath units, and one (1) , 1br 1 bath unit. On site coin op laundry room. 3-4 units have been "Refreshed" on turn over. Parking in the alley and in front of the building. Two units have fireplaces. The property is a 6.0 Cap at $1,500.00 2br rents and $970 for the One Bedroom with 30% expenses. Paved walkways, exterior lighting, fully fenced in the front and both sides with gate to alley...Here is the opportunity to expand your investment portfolio with a well qualified asset that has seven (7), 2br 1 bath units, and one (1) , 1br 1 bath unit. On site coin op laundry room. 3-4 units have been "Refreshed" on turn over. Parking in the alley and in front of the building. Two units have fireplaces. The property is a 6.0 Cap at $1,500.00 2br rents and $970 for the One Bedroom with 30% expenses. Paved walkways, exterior lighting, fully fenced in the front and both sides with gate to alley in back with laundry access. All rents need to be raised to market rent on turn over. See attached rent roll. LONG term tenants Spacious 80' wide by 95' long lot for future development. Ground floor units have direct access/exit to laundry room
  1. Listed by Tom Bates • WPI Real Estate Services, Inc.

Property Details for 940 North 103rd Street

Community Name
Seattle
School District
Seattle
Number of Assigned Spaces
12
Total Covered Parking
0
Entry Date
09-27-2024
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 11/25/2024 01:17 PM

Property Details for 940 North 103rd Street

StatusActive
MLS #2296058
Days on Market61
Cumulative Days on Market43
Taxes$17,319 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1966
Lot Size0.18 AC / 7,688 SF
CountyKing County

Building Information for 940 North 103rd Street

Stories2Residences8Year Built1966Building Size-Lot Size0.18 AC / 7,688 SF

Property Information for 940 North 103rd Street

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Fenced-Partially
  • Area: 710 - North Seattle
  • Effective Year Built Source: Public Records
  • Directions: GPS is correct
  • Leased Items: Washer/Dryer
  • 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: 12.0
  • 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: Laminate, Vinyl, Carpet
  • Features: Laminate, Laminate Hardwood, Wall to Wall Carpet
  • Amenities: Coin Op Laundry
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition, Flat, Torch Down
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 13853
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • Construction Methods: Standard Frame
  • 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: 1992
  • Photos Count: 1
Lot Information
  • Lot Details: Alley
  • Lot Size Dimensions: 95x80
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 6145600635
  • Calculated Square Footage: 5684
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 5684.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 12
  • Number of Stories in Building: 2
  • Vacancy Rate: 2
  • Number Of Units Total: 8
  • Units Below Grade: false
  • Units In Building Total: 8
Financing / Income and Expenses
  • Electric Expense: $844
  • Total Expenses: 47760
  • Gross Adjusted Income: 113037
  • Gross Rent Multiplier: 14.69
  • Gross Scheduled Income: $115,344
  • Insurance Expense: $3,844
  • Net Operating Income: $65,277
  • Other Expenses: $11,900
  • Total Monthly Income: 9612
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 8
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 580
  • Rent Unit 1: $970.00
  • Bedrooms Unit 1: 1
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 7
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 710
  • Rent Unit 2: $995.00
  • Bedrooms Unit 2: 2
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 6
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 710
  • Rent Unit 3: $995.00
  • Bedrooms Unit 3: 2
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 5
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 710
  • Rent Unit 4: $1,500.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 1
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 4
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: false
  • Square Feet Unit 5: 710
  • Rent Unit 5: $1,500.00
  • Bedrooms Unit 5: 2
  • Fireplaces Unit 5: 1
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 3
  • Washer/Dryer Unit 6: false
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: false
  • Square Feet Unit 6: 710
  • Rent Unit 6: $1,295.00
  • Bedrooms Unit 6: 2
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 2
  • Washer/Dryer Unit 7: false
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: false
  • Square Feet Unit 7: 710
  • Rent Unit 7: $1,295.00
  • Bedrooms Unit 7: 2
  • Bathrooms Unit 7: 1
Unit 8
  • Name Unit 8: 1
  • Washer/Dryer Unit 8: false
  • Range/Oven Unit 8: true
  • Refrigerator Unit 8: true
  • Dishwasher Unit 8: false
  • Square Feet Unit 8: 710
  • Rent Unit 8: $1,295.00
  • Bedrooms Unit 8: 2
  • Bathrooms Unit 8: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 5689.0
  • Leasable Area Units: Square Feet

Property History for 940 North 103rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 940 North 103rd Street

Taxable ValueLand$1,076,300Additions$813,700Total$1,890,000
Tax Record2022$16,811 ($1,401 / month)
Home Facts
Total Finished SqFt5,680 SqFtAbove Ground SqFt5,680 SqFtStories2Lot Size7,688 SqFtStyleMulti-Family Dwelling (2-4)Year Built1966Year Renovated1992ZoningLR2 (M)CountyKINGAPN614560-0635Fireplace TypeHas Fireplace

Schools near 940 North 103rd Street

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Viewlands Elementary School
Public - PK to 5
Robert Eagle Staff Middle School
Public - 6 to 8
Ingraham High School
Public - 9 to 12
Cascadia Elementary
Public - K to 5
Rating
School
Distance
Viewlands Elementary School
PublicPK to 5

Robert Eagle Staff Middle School
Public6 to 8

Ingraham High School
Public9 to 12

Cascadia Elementary
PublicK to 5

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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More information about 940 North 103rd Street, Seattle, WA 98133

940 North 103rd Street is a multi-family home for sale in Seattle, WA 98133. This property was listed for sale on September 27, 2024 by WPI Real Estate Services, Inc., it's currently listed at $1,595,000. This listing's school district is Seattle Public Schools. Nearby schools include Viewlands Elementary School, Robert Eagle Staff Middle School and Ingraham High School. 940 North 103rd Street is a 15-bed, 8-bath, 5,684 sqft multi-family home built in 1966.

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 WPI Real Estate Services, 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.