$1,495,000

5 Beds 4 Baths 0 SQFT 0.17 Acres
Type: Multi-Family

1953 10th Avenue W
Seattle, WA 98119

MLS#: 2585477
Presented by: Lee & Associates Commercial RE and NWMLS

Property Description

 

We are pleased to present the 10th Ave W Fourplex in Seattle’s Queen Anne neighborhood. This offering presents a rare combination of immediate usability, flexible investment strategies, and future upside. Delivered vacant, the property is well suited for an owner occupant seeking to move in immediately while renovating or repositioning the remaining units over time. The property may also appeal to townhome developers evaluating the LR1 (M) zoning and 7,200 square foot lot for future redevelopment potential, subject to buyer verification. It features four individually metered residences with a unique mix of updated interiors, double pane windows offering sweeping views, and in unit washer and dryers. The units include hardwood flooring, stainless steel and white appliances, dishwashers, updated cabinetry, private deck access, and walk-in closet space. Recent improvements include a replacement water heater system completed in 2023 and electrical upgrades completed in conjunction with the water heater installation. The building also includes basement storage, seven parking spaces, and two garage spaces. With a blend of existing improvements and additional upside through continued interior modernization and operational review, the property presents investors with the opportunity to acquire a well located small multifamily asset in one of Seattle’s most established rental neighborhoods


 

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
FlooringHardwood, Vinyl, Carpet
Heating Y/NYes
Power Production TypeNatural Gas
Total Fireplaces0
Total Stories3

General

AmenitiesStorage
Building Area Units0 sqft
Cap Rate5.69
Carport Spaces0
Carport Y/NNo
CitySeattle
CoolingNone
CountyKing
DirectionsHead W on 10th Ave W. Property is situated on W side of street.
Electric Expense0
Fuel Expense0
Garage Spaces2
HOANo
HOA Fee$0
HeatingForced Air, Radiant
High School DistrictSeattle
Insurance Expense4500
Leasable Area3,550 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet7,200 sqft
Lot Size UnitsSquare Feet
MLS Area700 - Queen Anne/Magnolia
NWM_ShowMapLinkY
Net Operating Income85037
New ConstructionNo
Number Of Units Total4
PossessionClosing
Possible UseMulti-Family
Property ConditionVery Good
Property Style54 - 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksWe are pleased to present the 10th Ave W Fourplex in Seattles Queen Anne neighborhood. This offering presents a rare combination of immediate usability, flexible investment strategies, and future upsid
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NameQueen Anne
Tax Annual Amount$16,260
Tax Year2026
Units Below Gradetrue
Units In Building Total4
ViewBay, Territorial
Virtual TourClick here
Water CompanySeattle Public Utilities
Water Sewer Garbage8703
Year Built1906
Zoning DescriptionMulti-Family

Exterior

Building Area Total0 sqft
Covered Spaces2
Exterior AmenitiesWood
Foundation DetailsBlock
Irrigation Water Rights Y/NNo
Lot FeaturesAlley, Curbs, Paved, Sidewalk
Lot Size Acres0.1653
Parking Uncovered Total7
Site FeaturesDeck, Outbuildings, Patio, Shop
Total Parking9
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Elementary School N/A
Middle School N/A

  

Similar Properties

$1,495,000

5 Beds 4 Baths 0 SQFT 0.17 Acres
Type: Multi-Family

1953 10th Avenue W
Seattle, WA 98119

MLS#: 2585477