$1,395,000

0 Beds 0 Baths 4,120 SQFT 0.11 Acres

Type: Multi-Family

4002 2nd Avenue NE
Seattle, WA 98105

MLS#: 2463024

Presented by: John L. Scott, Inc. and NWMLS

Property Description

A Rare Opportunity to acquire a site perfect for Seattle's Middle Housing Plan. Site size should support a 4 Townhome configuration(buyer to verify). Transit rich location-on the Frequent Transit Network. Great view potential-Roof Top Decks?-capture Lake Union, Downtown Seattle w/Space Needle significantly boosting Sale Value! Existing Triplex provides interim income. Unmatched Location and Lifestyle Appeal! A Rare Find: Transit-Oriented, View-Oriented and positioned for immediate use under Seattle's Middle Housing Plan. Premium Site only blocks to Gas Works Park, Lake Union Waterfront and Burke-Gilman Trail! Exceptional Opportunity to deliver a highly competitive townhome product in The Prime Wallingford Neighborhood!

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

FlooringSoftwood, Vinyl, Carpet

Heating Y/NYes

Power Production TypeElectric, Natural Gas

Total Fireplaces0

Total Stories3

General

Building Area Units0 sqft

Building NameLatona Addition

Cap Rate2.9

Carport Spaces2

Carport Y/NNo

CitySeattle

CoolingNone

CountyKing

DirectionsEast or West on 40th in Wallingford Neighborhood. Property is on the Northeast corner of 40th and 2nd NE

Electric Expense0

Fuel Expense0

HOANo

HOA Fee$0

HeatingBaseboard, Forced Air

High School DistrictSeattle

Insurance Expense333

Leasable Area4,120 sqft

Listing TermsCash Out, Conventional

Living Area0 sqft

Lot Size Square Feet4,670 sqft

Lot Size UnitsSquare Feet

MLS Area705 - Ballard/Greenlake

NWM_ShowMapLinkY

Net Operating Income40000

New ConstructionNo

Number Of Units Total3

Open Parking Spaces0

PossessionSubject to Tenant Rights

Possible UseResidential

Property ConditionAverage

Property Style53 - Tri-plex

Property SubtypeMulti Family

Property TypeResidential Income

Public RemarksA Rare Opportunity to acquire a site perfect for Seattle's Middle Housing Plan. Site size should support a 4 Townhome configuration(buyer to verify). Transit rich location-on the Frequent Transit Net

RoofComposition

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeTriplex

Subdivision NameWallingford

Tax Annual Amount$12,218

Tax Year2025

Units Below Gradetrue

Units In Building Total3

ViewCity, Lake

Water CompanySeattle Combined

Water Sewer Garbage0

Year Built1923

Zoning DescriptionResidential

Exterior

Building Area Total4,120 sqft

Covered Spaces1

Exterior AmenitiesWood

Foundation DetailsPoured Concrete

Irrigation Water Rights Y/NNo

Lot Dimensions47 X 100

Lot FeaturesCorner Lot, Curbs, Paved, Sidewalk

Lot Number19

Lot Size Acres0.1072

Parking Uncovered Spaces0

Site FeaturesDeck, Patio

Total Parking3

Waterfront Y/NNo

Additional Details

Price History

Schools

High School N/A

Elementary School N/A

Middle School N/A

Similar Properties

$1,395,000

0 Beds 0 Baths 4,120 SQFT 0.11 Acres

Type: Multi-Family

4002 2nd Avenue NE
Seattle, WA 98105

MLS#: 2463024

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Property

$1,395,000

4002 2nd Avenue NESeattle, WA 98105

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$1,395,000

4002 2nd Avenue NESeattle, WA 98105

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4002 2nd Avenue NE
Seattle, WA 98105

4002 2nd Avenue NE
Seattle, WA 98105