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$1,695,000   Price Analysis
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11544 Greenwood Ave N
Seattle, WA 98133
Unknown bed None bath 5,935 SqFt ($285/SqFt)
7,200SqFt lot. Built 1947
Listed 2024-05-20, Taxes $15,127
Ⓧ USDA Ineligible
due to price & location

near Seattle

Greenwood Apartments was constructed in 1947 and is a beautiful

Well maintained two-story bu ilding consisting of 6 apartment homes averaging 550 square feet and 1 three-bedrom/two-bathroom house with 2, 136 square feet of living space.

The property includes a common laundry room and all of the exterior fascia and railings have new paint. The underlying lot is 7, 200 square feet and zoned LR3 (M) with 3 carport stalls and 5 surface parking stalls on site.


Presented by Alan Wileman at
Pacific Crest.


Property MLS #2238268 from NWMLS

Laminate
Wall to Wall Carpet
Flooring: Laminate, Vinyl, Wall to Wall Carpet

Heating Features: Forced Air
Heating Fuel: Electric
Heating: Yes

Brick
Metal/Vinyl

Carport Spaces: 3
Covered Spaces: 3
Open Parking Spaces: 8
Open Parking: Yes
Parking Total: 11
Garage Sqft: 1068

Lot Description: Paved Street
Lot Size Acres: 0.1652893
Lot Size Square Feet: 7200

Coin Op Laundry

Elementary School: Broadview-Thomson
High School: Ingraham High
High School District: Seattle
Middle School: Robert Eagle Staff Middle School

Broadview-Thomson Elementary School is a public elementary and middle school located approximately 0.8 miles away.
directions icon Map directions

Ingraham High School is a public high school located approximately 1.2 miles away.
directions icon Map directions

Christ The King School is a private elementary and middle school located approximately 0.1 miles away.
directions icon Map directions

Gross Scheduled Income: 159096
Leasable Area: 5935
Leasable Area Units: Square Feet

Number of Units: 7
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Unit-1 Description: 1
Unit-2 Description: 2
Unit-3 Description: 3
Unit-4 Description: 4
Unit-5 Description: 5
Unit-6 Description: 6
Unit-7 Description: 7
Unit-1 Square Feet: 2136
Unit-2 Square Feet: 550
Unit-3 Square Feet: 550
Unit-4 Square Feet: 550
Unit-5 Square Feet: 550
Unit-6 Square Feet: 550
Unit-7 Square Feet: 550
Unit 1 Total Actual Rent: 3500
Unit 2 Total Actual Rent: 1350
Unit 3 Total Actual Rent: 1350
Unit 4 Total Actual Rent: 1350
Unit 5 Total Actual Rent: 1350
Unit 6 Total Actual Rent: 1350
Unit 7 Total Actual Rent: 1350

Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 16219
Source Listing Status: Active
Country Region: US
County: King
Cap Rate: 6.03
Directions: Heading North on 15th Ave W (Uptown), Continue onto Holman Rd NW, Use the left 2 lanes to turn left onto Greenwood Ave N, destination wil be on your right.
Tax Year: 2023
Other Expense: 13330
Source Property Type: Multi-Family
Possible Use: Multi-Family
Insurance Expense: 2809
Area: 705 - Ballard/Greenlake
List Development Name: Greenwood
Source Neighborhood: Greenwood
Parcel Number: 6140100135
Street Suffix Modifier: Avenue
Subdivision: Greenwood
Zoning: MultiFamily
Source System Name: C2C
Buyer Agent Commission: 2.5

YearAssessments
Building + Land
Total
Tax
2023$857,000 + $864,000
$1,721,000
$15,127
2022$688,000 + $864,000
$1,552,000
$14,794
2021$756,000 + $864,000
$1,620,000
$16,103
2020$799,000 + $792,000
$1,591,000
$15,633
2019$658,000 + $720,000
$1,378,000
$12,294
2018$690,000 + $576,000
$1,266,000
$12,928
2017$505,000 + $576,000
$1,081,000
$10,747
2016$505,000 + $576,000
$1,081,000
$10,940
2015$339,000 + $540,000
$879,000
$8,777
2014$297,000 + $540,000
$837,000
$9,179
2013$160,000 + $540,000
$700,000
$7,869
2012$1,000 + $576,000
$577,000
$6,666
2011$257,000 + $576,000
$833,000
$5,992
2009$385,000 + $540,000
$925,000
$7,726
2007$316,000 + $504,000
$820,000
$7,741

Listed 2024-05-20
$1,695,000
NWMLS
Sold 2008-12-23
$845,000
Public Record
Sold 1994-02-04
$278,671
Public Record
Sold 1994-01-21
$230,000
Public Record

Net Operating Income: 102181
Operating Expense: 50551

Electric Expense: 2940
Power Production Type: Electric
Sewer: Sewer Connected
Water Source: Public

Building Area Total: 5935
Building Area Units: Square Feet
Living Area Units: Square Feet
Property Age: 77
Roof: Composition
Building Total Stories: 2
Structure Type: Multi Family
House Style: 5-9 Units
Elevation Units: Feet
Year Built Effective: 1992

Security Features: FullyFenced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.