About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest

106 12th Ave E, Seattle, WA 98102

$954,000

Last sold 01/08/2025 for $1.03M

—
bed
—
bath
2,290
Sqft ($450/Sqft)

House not for sale

About 106 12th Ave E

Property type House

Neighborhood

Year built 1903

HOA fee $0/month

Lot size 3,468 Sqft

Movoto estimate

Property description

Tremendous Opportunity with this Fantastic Seattle Property. Currently a Tri-Plex with so much potential for future development based on the zoning and location. Big opportunity to go vertical up to 75 ft, zoned NC275 which supports the opportunity to build Single purpose commercial structures, multi-story mixed-use and residential structures w/potential retail. The possibilities here are endless! All units are currently vacant. Unit 1 is 1 bedroom, 1 bath, 640 sq ft. Unit 2 is 2 bedrooms, 2 baths, 950 sq ft. Unit 3 is 2 bedrooms, 1 bath, 700 sq ft. Conveniently located to all amenities. An opportunity like this does not come often! 2 parking spots at the rear of the building. Buyer to verify all information to their satisfaction.

Listed by

Listing Agent - Matthew Harber

Listing Office - Keller Williams Rty Tacoma

Source: NWMLS

MLS#2304073 • last updated 1 year ago

Movoto checked NWMLS for data 11 minutes ago

Overview
Cooling/AC	None
Heating	Forced Air
Levels/Style	Triplex
MLS #	2304073
SubType	Multi-Family
Type	Residential Income
SqFt	2290
Status	Sold
Lot Size (SqFt)	3468
Lot Size (Acres)	0.0796
Property Tax	10369
Buying Office	COMPASS
Year Built	1903
Buying Office Phone	206-330-0314
Condition	Average

Interior

Exterior
Foundation	Poured Concrete
Roof	Composition
# Open Parking Spaces	2
# Parking Spaces	2
# Uncovered Spaces	2

Amenities / Utilities
Sewer/ Septic	Sewer Connected
Water	Public
Power Production: Type	Electric

Location
County	King
Subdivision	Seattle
Area	390 - Central Seattle
High School District	Seattle
APN	6003001900
Zoning	Multi-Family, Residential, Retail, See Remarks

Multifamily Details
Net Operating Income	55902
Capitalization Rate	4.65
Expense: Insurance	2861
Expense: Electricity	1800
Gross Scheduled Income	76800
Gross Adjusted Income	72960
Total Expenses	20898
Gross Rent Multiplier	15.63
Nwm_Totalmonthlyincome	6400
Vacancy Rate	5

Lot/ Land Details
Site Features	Deck, Patio

$954K

Range: $858K-$1.04M

Last 30 days

Rental est.: $604/month

• Gross rent multiplier: 142.0

Lower your payment with the loan terms that fit you.

Jan 2025
Public Records
Jan 9, 2025 Sold
$1,030,000
Jan 2025
MLS # 2304073
Jan 8, 2025 Sold
$1,030,000 (-14.2%)
Dec 7, 2024 Pending
—
Oct 22, 2024 Listed
$1,200,000

Year Property taxes Tax assessment
2025
$10,895 -2.2%

$1,030,000 -9.65%
2024
$11,136 +7.7%

$1,140,000 -5.32%
2023
$10,341

$1,204,000
2022
$10,341 +4.4%

$1,204,000 +11.48%
2021
$9,904 -1.9%

$1,080,000 +3.55%
2020
$10,092 +5.2%

$1,043,000 -5.7%
2019
$9,594 +4.1%

$1,106,000 +19.96%
2018
$9,219 +59.5%

$922,000 +22.28%
2015
$5,780

$754,000

106 12th Ave E
$1.03M
Broadway
$549K -50% y/y
98102
$725K -28% y/y
Seattle
$688K -13% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
1122 E Denny Way, Seattle, WA 98122	$880,000	2/—	1,600	0.03
117 13th Ave E, Seattle, WA 98102	$1,268,000	4/1	1,290	0.03
1116 E Denny Way, Seattle, WA 98122	$968,000	3/1	1,230	0.04
1110 E Denny Way, Seattle, WA 98122	$1,717,000	5/2	2,699	0.05
1119 E John St, Seattle, WA 98102	$2,205,000	4/—	—	0.06
133 13th Ave E, Seattle, WA 98102	$1,847,000	4/3	3,640	0.06
1106 E Denny Way, Seattle, WA 98122	$1,141,000	4/—	1,530	0.06
122 11th Ave E, Seattle, WA 98102	$1,233,000	1/1	1,390	0.06

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.