9632 Aurora Avenue North

Seattle, WA 98103

$2,099,000
Price
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Description

New Roof / Fresh Paint 2024, 5.98% Cap Rate. Remarkable investment opportunity with this fully occupied 16-unit building, strategically positioned in a prime North Seattle location. Boasting a strong 5.98% cap rate, this property offers a solid return on investment. recent upgrades in many units, new roof installed on 1.15.2024, prime location less than 2 miles to Green Lake and within walking distance to NSCC. Positioned on a large corner lot, Highway 99, zoned NC3P75, ideal for future development...New Roof / Fresh Paint 2024, 5.98% Cap Rate. Remarkable investment opportunity with this fully occupied 16-unit building, strategically positioned in a prime North Seattle location. Boasting a strong 5.98% cap rate, this property offers a solid return on investment. recent upgrades in many units, new roof installed on 1.15.2024, prime location less than 2 miles to Green Lake and within walking distance to NSCC. Positioned on a large corner lot, Highway 99, zoned NC3P75, ideal for future development potential. This investment is not just profitable but also ideally located, perfect for sustained occupancy and growth. Act now to secure this outstanding property in a high-demand area!
  1. Listed by Seth Raddue • Aris360
  2. Listed by Patrick Davis • Aris360

Property Details for 9632 Aurora Avenue North

Community Name
Seattle
School District
Seattle
Number of Assigned Spaces
16
Total Covered Parking
0
Entry Date
04-15-2024
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 11/13/2024 10:58 AM

Property Details for 9632 Aurora Avenue North

StatusActive
MLS #2223676
Days on Market232
Cumulative Days on Market273
Taxes$21,399 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1944
Lot Size0.13 AC / 5,640 SF
CountyKing County

Virtual Tour

Building Information for 9632 Aurora Avenue North

Stories3Residences16Year Built1944Building Size-Lot Size0.13 AC / 5,640 SF

Property Information for 9632 Aurora Avenue North

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 705 - Ballard/Greenlake
  • Elementary School: Seattle Public Sch
  • Middle Or Junior School: Seattle Public Sch
  • High School: Seattle Public Sch
  • Effective Year Built Source: Public Records
  • Directions: Google/Apple Maps
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
  • Additional Tax Ids: 6153900005
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 16.0
  • Open Parking: Yes
Virtual Tour
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: 16
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Ceramic Tile, Vinyl, Carpet
  • Features: Ceramic Tile, Wall to Wall Carpet
  • Amenities: Coin Op Laundry
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: Stucco
  • Roof: Composition, Flat
Property
Utilities
  • Water/Sewer/Garbage: 23591
  • Power Company: Seattle City Light
  • Sewer Company: Seattle Public Utilites
  • Water Company: Seattle Public Utilites
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete
  • Zoning Class: Commercial
  • First Right Of Refusal: false
  • Possible Use: Commercial
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1980
  • Photos Count: 21
Lot Information
  • Lot Size Source: Public
  • Parcel Number Free Text: 6153900005
  • Building Condition: Good
  • Calculated Square Footage: 0
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 16
  • Number of Stories in Building: 3
  • Vacancy Rate: 2
  • Number Of Units Total: 16
  • Units Below Grade: false
  • Units In Building Total: 16
Financing / Income and Expenses
  • Electric Expense: $2,744
  • Total Expenses: 58458.25
  • Gross Adjusted Income: 179676
  • Gross Rent Multiplier: 10.46
  • Gross Scheduled Income: $200,676
  • Insurance Expense: $3,925
  • Net Operating Income: $106,691
  • Other Expenses: $6,799
  • Total Monthly Income: 16673
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 6166.0
  • Leasable Area Units: Square Feet

Property History for 9632 Aurora 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 9632 Aurora Avenue North

Taxable ValueLand$592,200Additions$1,764,800Total$2,357,000
Tax Record2022$20,217 ($1,685 / month)
Home Facts
Total Finished SqFt6,160 SqFtAbove Ground SqFt6,160 SqFtStories3Lot Size5,640 SqFtStyleMulti-Family Dwelling (2-4)Year Built1944Year Renovated1980ZoningNC3P-75 (M)CountyKINGAPN615390-0005

Schools near 9632 Aurora Avenue North

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
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.

Similar Homes

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Similar Sold Homes

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9632 Aurora Avenue North is a multi-family home for sale in Seattle, WA 98103. This property was listed for sale on April 15, 2024 by Aris360, it's currently listed at $2,099,000. It has been on the market for a total of 232 days and was last sold on February 4, 2016. This listing's school district is Seattle Public Schools. Nearby schools include Viewlands Elementary School, Robert Eagle Staff Middle School and Ingraham High School. 9632 Aurora Avenue North is a 0-bed, 0-bath, multi-family home built in 1944.

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 Aris360

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.