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

2016 Spruce St, Seattle, WA 98122

$1,270,000
Last sold 08/06/2012 for $510K
—
bed
—
bath
2,850
Sqft ($179/Sqft)

House not for sale

Movoto is helping 102 homebuyers near you

About 2016 Spruce St

Property type House

Neighborhood

Year built 1998

HOA fee $0/month

Lot size 5,040 Sqft

Movoto estimate

Property description

This triplex, constructed in 1998, is located in an up-and-coming area offering many perks; including a nearby park. The property is close to the Central Business District and within walking distance to major bus lines. This triplex features a desirable mix of three 2 bed/1.5 bath units. Tenants enjoy washer/dryers in each unit and off-street parking. With low vacancy rates, this triplex presents the opportunity to own a low maintenance, easy to manage property with a strong rental upside.

Listed by

Listing Agent - Brian D. Platt

Listing Office - Paragon Real Estate Advisors

Source: NWMLS

MLS#296958 • last updated 1 year ago

Movoto checked NWMLS for data 11 minutes ago

Overview
Levels/Style	Triplex
MLS #	296958
SubType	Multi-Family
Type	Residential Income
SqFt	2850
Status	Sold
Lot Size (SqFt)	5040
Lot Size (Acres)	0.1157
Property Tax	5055
Buying Office	ZDefault Non-Mem Office-EDUC
Year Built	1998
Buying Office Phone	213-555-5555

Exterior
Roof	Composition
# Open Parking Spaces	4
# Parking Spaces	4
# Uncovered Spaces	4

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

Location
County	King
Subdivision	Seattle
Area	390 - Central Seattle
High School District	Seattle
APN	9826701350
Directions	From I5 Take Exit 167 Toward Mercer St/Seattle Center. Slight Left On Boren Ave. Left On E Yesler Way. Left On 19th Ave. Right On E Spruce. Property Is On The Left.
Zoning	Multi-Family

Multifamily Details
Net Operating Income	31006
Capitalization Rate	5.86
Expense: Insurance	1200
Gross Scheduled Income	39600
Gross Adjusted Income	39600
Total Expenses	8594
Gross Rent Multiplier	13
Nwm_Totalmonthlyincome	3300

$1.27M

Range: $1.1M-$1.43M

Last 30 days

Rental est.: $730/month

• Gross rent multiplier: 58.2

Lower your payment with the loan terms that fit you.

Aug 2012
Public Records
Aug 6, 2012 Sold
$510,000
Aug 2012
MLS # 296958
Aug 6, 2012 Sold
$510,000 (-3.6%)
Nov 18, 2011 Listed
$529,000

2016 Spruce St
$510K
Minor
$739K -18% y/y
98122
$820K -12% y/y
Seattle
$679K -15% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
207 21st Ave, Seattle, WA 98122	$956,000	3/1	1,470	0.01
2024 E Spruce St, Seattle, WA 98122	$924,000	3/2	1,620	0.01
206 20th Ave, Seattle, WA 98122	$1,326,000	5/1	2,960	0.02
210 20th Ave, Seattle, WA 98122	$1,239,000	4/2	2,980	0.03
214 20th Ave, Seattle, WA 98122	$974,000	4/1	1,480	0.03
216 20th Ave, Seattle, WA 98122	$961,000	3/1	1,430	0.03
2011 E Alder St, Seattle, WA 98122	$907,000	3/1	1,440	0.04
2007 E Alder St, Seattle, WA 98122	$1,164,000	3/2	2,246	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.