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2002 E Union St, Seattle, WA 98112

$3,422,213

Last sold 03/14/2006 for $1.18M

—
bed
—
bath
7,320
Sqft ($162/Sqft)

House not for sale

About 2002 E Union St

Property type House

Neighborhood

Year built 1908

HOA fee $0/month

Movoto estimate

Property description

Beautiful 1908 classic brick building with 4 large residential apartments and 3 commercial spaces with great street visibility. Updated systems & long term tenants. Great location in fast appreciating neighborhood. Commercial tenants are on triple net lease. Vacant office space behind the cafe was the owners office & would be great for an owner/user. Total commercial space ~3600sf. Residential units are large 2 bedrooms w/9ft+ ceilings & in good condition, but w/great potential to be awesome.

Listed by

Listing Agent - Larry Crites

Listing Office - Lake & Company

Source: NWMLS

MLS#25102046 • last updated 2 years ago

Movoto checked NWMLS for data 8 minutes ago

Overview
Levels/Style	Multi Family
MLS #	25102046
SubType	Multi-Family
Type	Residential Income
SqFt	7320
Status	Sold
Property Tax	5874
Buying Office	Catalyst Commercial Partners
Year Built	1908
Buying Office Phone	206-726-3451
HOA Fee	Annually, 0
Condition	Remodeled

Interior

Exterior
Foundation	Poured Concrete
Exterior Features	Brick

Amenities / Utilities
Sewer/ Septic	Sewer Connected, Seattle
Water	Public
Water Company	Seattle
Power Company	Seattle City LIght

Location
County	King
Subdivision	East Union
Area	390 - Central Seattle
High School District	Seattle
APN	7228501740
Directions	Directly East Of Downtown Seattle On The Corner Of 20th Ave And E Union St.
Zoning	Commercial

Multifamily Details
Net Operating Income	64640
Capitalization Rate	5
Expense: Insurance	3890
Expense: Electricity	1440
Gross Scheduled Income	93972
Expense: Other	10552
Gross Adjusted Income	89273
Total Expenses	24633
Gross Rent Multiplier	13
Nwm_Totalmonthlyincome	7831
Vacancy Rate	5

$3.42M

Range: $3.07M-$3.76M

Last 30 days

Rental est.: $810/month

• Gross rent multiplier: 121.9

Lower your payment with the loan terms that fit you.

Jun 2022
MLS # 1958598
Jun 24, 2022 Listed
$3,800,000 (+220.9%)
Mar 2006
Public Records
Mar 14, 2006 Sold
$1,184,000
Mar 2006
MLS # 25102046
Mar 14, 2006 Sold
$1,185,000 (-8.5%)
Jul 14, 2005 Listed
$1,295,000

Year Property taxes Tax assessment
2024
$14,188 +11.2%

$1,755,600 +19.49%
2023
$12,764

$1,469,300
2022
$12,764 -8.6%

$1,469,300 +3.41%
2021
$13,965

$1,420,800

2002 E Union St
$1.18M
Minor
$767K -14% y/y
98112
$1.29M -10% y/y
Seattle
$680K -12% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
1418 20th Ave, Seattle, WA 98122	$982,000	4/2	1,610	0.03
1409 20th Ave, Seattle, WA 98122	$809,000	3/1	1,170	0.03
1413 21st Ave, Seattle, WA 98122	$1,023,000	4/2	2,334	0.03
1422 20th Ave, Seattle, WA 98122	$1,153,000	4/2	1,970	0.03
1411 20th Ave, Seattle, WA 98122	$860,000	2/1	1,070	0.03
1413 20th Ave, Seattle, WA 98122	$887,000	2/1	1,620	0.04
1415 20th Ave, Seattle, WA 98122	$861,000	4/1	1,270	0.04
990 20th Ave, Seattle, WA 98122	$1,230,000	3/1	2,050	0.04

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