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937-371-5777
eXp Realty
4531 44th Avenue SW, Seattle, WA 98116
- $1,250,000
- 3,533
- SqFt
Listing Broker: AgencyOne; Dan Rapacz; 206-910-6620; DanRapacz@outlook.com
- List Price
- $1,250,000
- Status
- ACTIVE
- MLS#
- 2602890
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,533
- Area Total SqFt
- 3533
- Annual Tax Ammount
- 10717
- Lot Size (sq ft)
- 4,094
- Sewer
- Sewer Connected
Property Description
Exceptional and Rare Investment Opportunity in the Heart of West Seattle Junction! Ideally situated in coveted West Seattle Junction, this well-maintained 4-unit multifamily property offers an outstanding combination of stable rental income, long-term investment potential, and future development flexibility. The building features a desirable unit mix of two 2-bedroom units and two 1-bedroom units, each with its own washer & dryer plus a dedicated parking space. A solid rental history, copper plumbing throughout, and a new roof installed in 2024 provide added value and peace of mind for investors. Looking to maximize the property's income potential? The approximately 450-square-foot unfinished daylight basement offers an opportunity to explore adding a studio unit or renting as storage space. Situated on a rare street-to-street lot and zoned NC-255(M), the property also provides possibilities for future redevelopment. Unbeatable location just steps from the vibrant West Seattle Junction, with its popular restaurants, boutique shops, neighborhood services, and convenient access to major bus routes.
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Additional Information
- Community
- Alaska Junction
- Net Operating Income
- $59,605
- Gross Adjusted Income
- $81,624
- Gross Scheduled Income
- $85,920
- Total Monthly Income
- $7,160
- Insurance Expenses
- $2,929
- Water/Sewer/Garbage Expenses
- $7,430
- Gross Rent Multiplier
- 14.54
- Total Expenses
- $22,018
- Cap Rate
- 4.76
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 4531
- Potential Terms
- Cash
- Year Built
- 1963
- Roof
- Torch Down
- Electric Expenses
- 722
- Other Expenses
- 220
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $7,160
- Gross Scheduled Income
- $85,920
- Vacancy Rate
- 5
- Gross Adjusted Income
- $81,624
- Tax Year
- 2026
- Insurance Expense
- $2,929
- W/S/G Expenses
- $7,430
- Total Expenses
- $22,018
- Net Operating Income
- $59,605
- Gross Rent Multiplier
- 14.54
- Cap Rate
- 4.76
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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