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937-371-5777
eXp Realty
6045 3rd Avenue NW, Seattle, WA 98107
- $1,295,000
- 5,585
- SqFt
Listing Broker: Paragon Real Estate Advisors; Michael Urquhart; 206-812-9123; michael@paragonrea.com
- List Price
- $1,295,000
- Status
- ACTIVE
- MLS#
- 2600980
- Style
- 53 - Tri-plex
- Finished SqFt
- 5,585
- Area Total SqFt
- 5585
- Annual Tax Ammount
- 17995
- Lot Size (sq ft)
- 7,000
- Sewer
- Available
Property Description
Great opportunity to buy a triplex with the upside of two additional units located at 6045 3rd Ave NW in Seattle’s Phinney Ridge neighborhood. Gigantic one-bedroom units + bonus rooms (one of them are 2,128 sq. ft.) present various options for a buyer to convert to two-bedroom units and/or owner-occupy. The property pairs large, owner user friendly floor plans and in unit washers and dryers with territorial views of Ballard and the Olympic Mountains. The rents have meaningful room to grow after years of self-management. The seller is open to seller financing. Built in 1979 on a 7,000 square foot NR3 lot, the 5 unit building (triplex plus 2 non-conforming units) offers approximately 5,585 net rentable square feet across 2 - 1BD/1BTH units, 1 - 2BD/1BTH unit, 1 - 1BD/2BTH unit with a bonus room, and 1 - 1BD/1.5BTH townhouse with a bonus room. Four of the five units are 875 square feet or larger. Every unit has an in unit washer and dryer, and four of the five have fireplaces. The property has been well maintained, with copper plumbing, updated Square D electrical panels, double pane windows, new exterior paint in 2024, a new roof coating in August 2025, and decks and railings replaced in 2014. One of the 875 square foot one bedroom units will be delivered vacant, giving an owner user a home to move into or an investor the ability to lease it at market rent right away. Utilities are not currently billed back and parking is included in rent.
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Additional Information
- Community
- Phinney Ridge
- Net Operating Income
- $64,213
- Gross Adjusted Income
- $103,247
- Gross Scheduled Income
- $106,440
- Total Monthly Income
- $8,870
- Insurance Expenses
- $5,606
- Water/Sewer/Garbage Expenses
- $7,894
- Gross Rent Multiplier
- 12.17
- Total Expenses
- $39,034
- Cap Rate
- 5
- Vacancy Rate
- 3
- Total Number of Units
- 5
- Unit Name
- 6045
- Potential Terms
- Cash, Conventional, See Remarks
- Year Built
- 1979
- Roof
- Flat
- Other Expenses
- 7539
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $8,870
- Gross Scheduled Income
- $106,440
- Vacancy Rate
- 3
- Gross Adjusted Income
- $103,247
- Tax Year
- 2026
- Insurance Expense
- $5,606
- W/S/G Expenses
- $7,894
- Total Expenses
- $39,034
- Net Operating Income
- $64,213
- Gross Rent Multiplier
- 12.17
- Cap Rate
- 5
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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