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4509 Eastern Ave NE, Seattle, WA 98103

$1,599,000
Last sold 11/25/2015 for $1.04M
—
bed
—
bath
3,300
Sqft ($315/Sqft)

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About 4509 Eastern Ave NE

Property type House

Neighborhood

Year built 1974

HOA fee $0/month

Lot size 6,840 Sqft

Movoto estimate

Property description

Legal triplex conveniently located in business/shopping district, easy access to I-5. Marblecrete exterior. Walkscore of 93-within walking distance to restaurants, shops, grocery store, Greenlake and Woodland Park! Easy to rent units are rarely vacant. Rents are below market-great upside potential. Income/expense/CAP reflect current numbers. 6.4% CAP with market rents. 3 garage spaces rented separately + additional coin-op laundry income. Private courtyard on side of building, and yard in rear.

Listed by

Listing Agent - James S. Tjoa

Listing Office - RE/MAX Metro Realty, Inc.

Source: NWMLS

MLS#844946 • last updated 1 year ago

Movoto checked NWMLS for data 19 minutes ago

Overview
Levels/Style	Triplex
MLS #	844946
SubType	Multi-Family
Type	Residential Income
SqFt	3300
Status	Sold
Lot Size (SqFt)	6840
Lot Size (Acres)	0.157
Property Tax	9442
Buying Office	RE/MAX Integrity
Year Built	1974
Buying Office Phone	425-391-1997
Condition	Average

Interior

Exterior
Foundation	Slab
Roof	Flat
Construction	Standard Frame
# Open Parking Spaces	6
# Covered Spaces	3
# Parking Spaces	9
# Uncovered Spaces	6
Exterior Features	See Remarks

Amenities / Utilities
Sewer/ Septic	Sewer Connected, City Of Seattle
Water	Public
Water Company	City Of Seattle
Power Company	City Of Seattle
Power Production: Type	Electric
Security Features	FullyFenced
HOA Amenities	Coin Op Laundry

Location
County	King
Subdivision	Wallingford
Area	_705BallardGreenlak
High School District	Seattle
APN	510001290
Zoning	Residential

Multifamily Details
Net Operating Income	33475
Capitalization Rate	3.43
Expense: Electricity	4022
Gross Scheduled Income	60240
Expense: Other	8615
Gross Adjusted Income	60240
Total Expenses	26764
Gross Rent Multiplier	16
Nwm_Totalmonthlyincome	4070

Lot/ Land Details
Site Features	Deck, Fenced-Partially

$1.59M

Range: $1.39M-$1.8M

Last 30 days

Rental est.: $873/month

• Gross rent multiplier: 99.3

Lower your payment with the loan terms that fit you.

Nov 2015
Public Records
Nov 25, 2015 Sold
$1,040,000
Nov 2015
MLS # 844946
Nov 25, 2015 Sold
$1,040,000 (-12.6%)
Sep 18, 2015 Pending
—
Sep 8, 2015 Listed
$1,190,000
Sep 7, 2015 Listed
$1,190,000 (+22.1%)
Jul 2015
MLS # 818940
Jul 31, 2015 Pending
—
Jul 14, 2015 Listed
$975,000

4509 Eastern Ave NE
$1.04M
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
4515 Eastern Ave N, Seattle, WA 98103	$1,605,000	4/1	2,220	0.01
4521 Eastern Ave N, Seattle, WA 98103	$1,352,000	3/1	1,690	0.02
4525 Eastern Ave N, Seattle, WA 98103	$1,410,000	6/2	2,190	0.03
4514 Eastern Ave N, Seattle, WA 98103	$1,101,000	3/1	1,530	0.03
4508 Eastern Ave N, Seattle, WA 98103	$1,147,000	3/1	1,220	0.03
4510 Eastern Ave N, Seattle, WA 98103	$1,482,000	4/2	2,760	0.03
4520 Eastern Ave N, Seattle, WA 98103	$1,027,000	3/1	1,340	0.03
4529 Eastern Ave N, Seattle, WA 98103	$1,112,000	2/2	1,380	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.