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

9322 Stone Ave N, Seattle, WA 98103

$1,147,828

Last sold 09/06/2024 for $900K

—
bed
—
bath
3,072
Sqft ($293/Sqft)

House not for sale

About 9322 Stone Ave N

Property type House

Neighborhood

Year built 1963

HOA fee $0/month

Lot size 5,610 Sqft

Movoto estimate

Property description

Prime Investment Opportunity. Family owned for over 40 years. This property has extremely low rents and LR3 zoning, with development potential for building apartments or townhomes, or renovating to easily double the rental income. Available for purchase as a single 4-plex or buy both units together (MLS 2239257). Showings are available with a signed purchase and sale agreement. Don’t miss this rare investment opportunity!

Listed by

Listing Agent - Brent D. Lumley

Listing Office - Windermere RE Greenwood

Source: NWMLS

MLS#2239253 • last updated 2 years ago

Movoto checked NWMLS for data 7 minutes ago

Overview
Cooling/AC	None
Heating	Baseboard
Levels/Style	Quadruplex
MLS #	2239253
SubType	Multi-Family
Type	Residential Income
SqFt	3072
Status	Sold
Lot Size (SqFt)	5610
Lot Size (Acres)	0.1288
Property Tax	10907
Buying Office	Kelly Right RE Of Seattle LLC
Year Built	1963
Buying Office Phone	206-525-5235
Condition	Average

Interior
Interior Features	Wall To Wall Carpet

Exterior
Foundation	Poured Concrete
Roof	Flat
# Open Parking Spaces	4
# Parking Spaces	4
# Uncovered Spaces	4
Exterior Features	Wood

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

Location
County	King
Subdivision	Licton Springs
Area	705 - Ballard/Greenlake
High School District	Seattle
APN	3126049078
Zoning	Multi-Family

Multifamily Details
Net Operating Income	31120
Capitalization Rate	2.8
Expense: Insurance	1347
Expense: Electricity	816
Gross Scheduled Income	52800
Gross Adjusted Income	50169
Total Expenses	19040
Gross Rent Multiplier	20.83
Nwm_Totalmonthlyincome	4400
Vacancy Rate	5

$1.14M

Range: $1.03M-$1.26M

Last 30 days

Rental est.: $811/month

• Gross rent multiplier: 92.5

Lower your payment with the loan terms that fit you.

Sep 2024
Public Records
Sep 6, 2024 Sold
$900,000
Sep 2024
MLS # 2239253
Sep 6, 2024 Sold
$900,000 (-18.2%)
Jul 21, 2024 Pending
—
May 17, 2024 Listed
$1,100,000

Year Property taxes Tax assessment
2024
$10,481 -3.9%

$1,026,000 -16.72%
2023
$10,907

$1,232,000
2022
$10,907 +6.8%

$1,232,000 +21.88%
2021
$10,210 +23.0%

$1,010,800 +26.19%
2018
$8,303 +58.8%

$801,000 +4.98%
2015
$5,228

$763,000

9322 Stone Ave N
$900K
North College Park
$629K -3% y/y
98103
$765K -12% y/y
Seattle
$695K -13% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
9219 Stone Ave N, Seattle, WA 98103	$866,000	2/2	1,175	0.06
1136 N 93rd St, Seattle, WA 98103	$1,040,000	5/1	1,770	0.07
1144 N 92nd St, Seattle, WA 98103	$1,099,000	5/2	1,910	0.09
9526 Interlake Ave N, Seattle, WA 98103	$926,000	3/2	1,450	0.12
9228 Woodlawn Ave N, Seattle, WA 98103	$889,000	3/2	1,480	0.15
9224 Woodlawn Ave N, Seattle, WA 98103	$881,000	3/2	1,480	0.15
9226 Woodlawn Ave N, Seattle, WA 98103	$888,000	3/2	1,480	0.15
9243 Densmore Ave N, Seattle, WA 98103	$1,244,000	6/2	2,660	0.17

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