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1419 E Olive St, Seattle, WA 98122

$1,288,000

Last sold 12/30/2022 for $1.26M

—
bed
—
bath
2,750
Sqft ($458/Sqft)

House not for sale

About 1419 E Olive St

Property type House

Neighborhood

Year built 1945

HOA fee $0/month

Lot size 3,840 Sqft

Movoto estimate

Property description

This triplex offers a unique mix of units - one 1BD/1BTH unit, one 2BD/1BTH unit, and one 3BD/1.75BTH townhouse-style unit. The building sits back off the street, behind a charming courtyard, giving occupants a great spot to enjoy summer days. The units are currently renting well below market presenting significant rental upside. The property will operate at a 4.8% CAP rate when rents are brought up to market. The condition of the units also gives a buyer the opportunity to update the units and capture higher rents. The location is great for commuters heading to both north or south Seattle as it is only a few blocks to the Capitol Hill Light Rail Station. Cal Anderson Park and Broadway Avenue are also just a few blocks away.

Listed by

Listing Agent - Michael Urquhart

Listing Office - Paragon Real Estate Advisors

Source: NWMLS

MLS#2004144 • last updated 2 years ago

Movoto checked NWMLS for data 13 minutes ago

Overview
Levels/Style	Triplex
MLS #	2004144
SubType	Multi-Family
Type	Residential Income
SqFt	2750
Status	Sold
Lot Size (SqFt)	3840
Lot Size (Acres)	0.0882
Property Tax	10578
Buying Office	Windermere Real Estate/East
Year Built	1945
Buying Office Phone	425-822-5100

Exterior
Roof	Composition
Exterior Features	Brick

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

Location
County	King
Subdivision	Capitol Hill
Area	390 - Central Seattle
High School District	Seattle
APN	1728800085

Multifamily Details
Net Operating Income	59082
Capitalization Rate	4.5
Expense: Insurance	1138
Gross Scheduled Income	78504
Expense: Other	1942
Gross Adjusted Income	76149
Total Expenses	17067
Gross Rent Multiplier	16.9
Nwm_Totalmonthlyincome	6542
Vacancy Rate	3

$1.28M

Range: $1.03M-$1.54M

Last 30 days

Rental est.: $725/month

• Gross rent multiplier: 144.8

Lower your payment with the loan terms that fit you.

Dec 2022
Public Records
Dec 30, 2022 Sold
$1,260,000
Dec 2022
MLS # 2004144
Dec 30, 2022 Sold
$1,260,000 (-4.9%)
Oct 24, 2022 Pending
—
Jun 21, 2022 Listed
$1,325,000
Jun 2022
MLS # 1957140
Jun 21, 2022 Listed
$1,325,000
Jun 2022
MLS # 1955970
Jun 21, 2022 Listed
$1,325,000 (+140.9%)
Jun 2004
Public Records
Jun 29, 2004 Sold
$550,000
Jun 2004
MLS # 24027819
Jun 29, 2004 Sold
$550,000 (-6.7%)
Mar 4, 2004 Listed
$589,750

Year Property taxes Tax assessment
2024
$11,889 +9.5%

$1,233,000 -3.6%
2023
$10,862

$1,279,000
2022
$10,862 +4.3%

$1,279,000 +11.51%
2021
$10,412 -1.9%

$1,147,000 +3.52%
2020
$10,619 +11.5%

$1,108,000 +0.18%
2019
$9,526 +4.0%

$1,106,000 +19.96%
2018
$9,157 +59.9%

$922,000 +22.28%
2015
$5,728

$754,000

1419 E Olive St
$1.26M
Broadway
$549K -50% y/y
98122
$799K -19% y/y
Seattle
$695K -13% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
1414 E Olive St, Seattle, WA 98122	$1,380,000	3/2	2,190	0.03
1709 15th Ave, Seattle, WA 98122	$1,202,000	3/1	2,260	0.04
1712 14th Ave, Seattle, WA 98122	$1,688,000	5/3	3,295	0.05
1711 14th Ave, Seattle, WA 98122	$1,057,000	3/1	1,460	0.07
1731 14th Ave, Seattle, WA 98122	$1,001,000	3/1	1,530	0.09
1615 13th Ave, Seattle, WA 98122	$1,472,000	6/1	3,070	0.12
1715 13th Ave, Seattle, WA 98122	$1,002,000	2/1	1,810	0.12
1717 13th Ave, Seattle, WA 98122	$1,042,000	5/1	1,830	0.13

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