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431 31st Ave E, Seattle, WA 98112

$740,000
Last sold 11/20/2012 after 117 Days
—
bed
—
bath
4,300
Sqft ($172/Sqft)

House not for sale

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About 431 31st Ave E

Property type House

Neighborhood

Year built 1924

HOA fee $0/month

Lot size 4,400 Sqft

Property description

Consistent income producing triplex just minutes to Madison Park. Each unit has 4 BR, 1.75 BA, & laundry. 6+ cap w/ solid rental income & very low owner expenses. Tenants pay utilities. Easy to rent in this desirable & central location w/ exceptional access to Seattle, the Eastside, & all surrounding schools. A short stroll to shops & restaurants. Excellent property for the new investor or a great performer to add to your portfolio. Significant positive cash flow possible at today's low rates.

Listed by

Listing Agent - Steve Leland

Listing Office - Windermere Real Estate Co.

Source: NWMLS

MLS#386869 • last updated 1 year ago

Movoto checked NWMLS for data 18 minutes ago

Overview
Levels/Style	Triplex
MLS #	386869
SubType	Multi-Family
Type	Residential Income
SqFt	4300
Status	Sold
Lot Size (SqFt)	4400
Lot Size (Acres)	0.101
Property Tax	4278
Year Built	1924
Buying Office Phone	206-290-7392

Interior
Interior Features	Wall To Wall Carpet

Exterior
Foundation	Poured Concrete
Roof	Composition
# Open Parking Spaces	3
# Parking Spaces	3
# Uncovered Spaces	3
Exterior Features	Wood

Amenities / Utilities
Sewer/ Septic	Sewer Connected, PSE
Water	Public
Water Company	PSE
Power Company	Seattle City Light
Power Production: Type	Electric

Location
County	King
Subdivision	Madison Park
Area	390 - Central Seattle
Elementary School	Mc Gilvra
Middle School	Wash Mid
High School District	Seattle
High School	Garfield High
APN	9209900300

Multifamily Details
Net Operating Income	47854
Capitalization Rate	6.2
Expense: Insurance	1000
Expense: Electricity	600
Gross Scheduled Income	56940
Expense: Other	1500
Gross Adjusted Income	55232
Total Expenses	7378
Gross Rent Multiplier	16
Nwm_Totalmonthlyincome	4745
Vacancy Rate	3

Lot/ Land Details
Site Features	Cable TV, Deck

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Sep 2018
Public Records
Sep 5, 2018 Sold
$1,202,000 (+62.4%)
Nov 2012
Public Records
Nov 20, 2012 Sold
$740,000
Nov 2012
MLS # 386869
Nov 20, 2012 Sold
$740,000 (-4.5%)
Jul 26, 2012 Listed
$775,000 (+29.2%)
Aug 2004
Public Records
Aug 3, 2004 Sold
$600,000
Jul 2004
MLS # 24023006
Jul 29, 2004 Sold
$600,000 (-5.5%)
Feb 23, 2004 Listed
$635,000 (+66.0%)
Jan 2001
MLS # 20089705
Jan 27, 2001 Sold
$382,500
Jul 20, 2000 Listed
$389,900
Jan 2001
Public Records
Jan 25, 2001 Sold
$382,500 (-1.9%)

431 31st Ave E
$740K
Harrison-Denny Blaine
$2.96M +21% y/y
98112
$1.29M -10% y/y
Seattle
$679K -15% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
433 31st Ave E, Seattle, WA 98112	$1,106,000	4/2	1,860	0.01
427 31st Ave E, Seattle, WA 98112	$1,015,000	4/1	1,350	0.01
423 31st Ave E, Seattle, WA 98112	$1,567,000	3/2	3,120	0.02
428 30th Ave E, Seattle, WA 98112	$828,000	2/2	1,070	0.02
432 31st Ave E, Seattle, WA 98112	$1,315,000	4/2	2,610	0.02
417 31st Ave E, Seattle, WA 98112	$820,000	3/1	1,320	0.02
424 31st Ave E, Seattle, WA 98112	$1,769,000	5/2	2,850	0.03
420 31st Ave E, Seattle, WA 98112	$1,529,000	3/2	2,290	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.