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3832 Eastern Ave N, Seattle, WA 98103

$1,893,006
Last sold 10/14/2022 for $1.65M
—
bed
—
bath
3,640
Sqft ($453/Sqft)

House not for sale

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About 3832 Eastern Ave N

Property type House

Neighborhood

Year built 1907

HOA fee $0/month

Lot size 3,300 Sqft

Movoto estimate

Property description

A true value add property located 2 blocks away from Lake Union. This is the first time this property has been on the market in 40+ years. 7 Units available for a complete renovation. Strong in-place cash flow with substantial renovation upside to over 21%. Common laundry for all units with two parking spots available. Located within walking distance from gas works park, Fremont & Wallingford neighborhoods and the University of Washington. Financials are Proforma and Rents are In-Place.

Listed by

Listing Agent - Winslow Thomas Lee

Listing Office - Kidder Mathews

Source: NWMLS

MLS#1928867 • last updated 1 year ago

Movoto checked NWMLS for data 22 minutes ago

Overview
Levels/Style	Multi Family
MLS #	1928867
SubType	Multi-Family
Type	Residential Income
SqFt	3640
Status	Sold
Lot Size (SqFt)	3300
Lot Size (Acres)	0.0758
Property Tax	20000
Buying Office	Lee & Associates Commercial RE
Year Built	1907
Buying Office Phone	206-267-1457
Condition	Fixer

Interior

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

Amenities / Utilities
Sewer/ Septic	Sewer Connected, SPU
Water	Public
Water Company	SPU
Power Company	Seattle Light
Power Production: Type	Electric
HOA Amenities	Coin Op Laundry

Location
County	King
Subdivision	Wallingford
Area	705 - Ballard/Greenlake
High School District	Seattle
APN	9178601635
Zoning	Multi-Family, Residential

Multifamily Details
Net Operating Income	103244
Capitalization Rate	5.7
Expense: Insurance	3555
Gross Scheduled Income	140400
Expense: Other	17823
Gross Adjusted Income	148505
Total Expenses	49667
Gross Rent Multiplier	17
Nwm_Totalmonthlyincome	9260
Vacancy Rate	3

$1.89M

Range: $1.7M-$2.08M

Last 30 days

Rental est.: $873/month

• Gross rent multiplier: 157.5

Lower your payment with the loan terms that fit you.

Oct 2022
Public Records
Oct 14, 2022 Sold
$1,649,150
Oct 2022
MLS # 1928867
Oct 14, 2022 Sold
$1,650,000 (-2.9%)
May 16, 2022 Pending
—
May 5, 2022 Listed
$1,700,000

3832 Eastern Ave N
$1.65M
Wallingford
$899K -9% y/y
98103
$750K -10% y/y
Seattle
$679K -15% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
3830 Eastern Ave N, Seattle, WA 98103	$1,635,000	4/3	2,670	0.01
3826 Eastern Ave N, Seattle, WA 98103	$1,259,000	3/1	1,690	0.01
2511 N 39th St, Seattle, WA 98103	$1,327,000	2/1	1,580	0.02
2500 N 39th St, Seattle, WA 98103	$1,249,000	3/1	2,100	0.02
2506 N 39th St, Seattle, WA 98103	$1,298,000	3/—	1,610	0.02
2508 N 39th St, Seattle, WA 98103	$1,295,000	3/2	1,890	0.03
3829 Eastern Ave N, Seattle, WA 98103	$1,308,000	5/2	1,840	0.03
2510 N 39th St, Seattle, WA 98103	$1,006,000	2/1	880	0.03

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