$1,555,000 Price Analysis    ♡   Shoreline, WA 98155 Unknown bed None bath 3,183 SqFt ($488/SqFt) 9,086SqFt lot. Built 1963 Listed 2024-05-01, Taxes $10,735 | Ⓧ USDA Ineligible due to price & location near Shoreline |
Residential investment!
Awesome quadruplex currently leased as tri-plex welcomes owner occupants and investors wi th residential lending. Effectively built 1995 and thoroughly updated by the builder/owner. Easy future Light Rail access and 15th Avenue commuting to UW and North City restaurants and shopping. Units 1 and 2 currently combined as single space with luxury appointments throughout. Also, a pellet stove, mini-split, in-floor heating, low voltage & internet panel and lots of high-sped cabling. Two upper floor residential units (unit 3 updated), outbuilding storage with security, Nat Gas Generator, Nat Gas Tankless Hot Water Htr, decks, patio, bike rack, 12 tandem parking spaces and much more!
Cap Rate 4.6%
Presented by Jack Malek at
Windermere RE Greenwood.
Property MLS #2231272 from NWMLS
Wall to Wall Carpet
Bamboo/Cork
Flooring: Bamboo/Cork, Ceramic Tile, Stone, Vinyl Plank, Wall to Wall Carpet
Heating Features: 90%+ High Efficiency, Ductless HP-Mini Split, Radiant, Tankless Water Heater, Wall
Heating Fuel: Electric, Pellet
Heating: Yes
Cement Planked
Stone
Lot Size Acres: 0.2085859
Lot Size Dimensions: 141'X64'
Lot Size Square Feet: 9086
Open Parking: Yes
Parking Total: 12
High School: Shorecrest High
High School District: Shoreline
Middle School: Kellogg Mid
Map directions Map directions Map directions Map directionsLeasable Area: 3168
Leasable Area Units: Square Feet
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Unit-1 Description: Grnd Nth
Unit-2 Description: Grnd Sth
Unit-3 Description: Up Nth
Unit-4 Description: Up Sth
Unit-5 Description: Laundry
Unit-1 Square Feet: 776
Unit-2 Square Feet: 776
Unit-3 Square Feet: 800
Unit-4 Square Feet: 800
Unit-5 Square Feet: 48
Unit 1 Total Actual Rent: 2400
Unit 2 Total Actual Rent: 2400
Unit 3 Total Actual Rent: 1600
Unit 4 Total Actual Rent: 2000
Source Listing Status: Active
Country Region: US
County: King
Cap Rate: 4.6
Directions: From I-5 take Exit 176 to the east and turn right onto 15th Ave NE. Turn left at 170th St and property is on left.
Tax Year: 2023
Other Expense: 2400
Source Property Type: Multi-Family
Possible Use: Multi-Family
Insurance Expense: 4878
Area: 715 - Richmond Beach/Shoreline
List Development Name: Ridgecrest
Source Neighborhood: Ridgecrest
Parcel Number: 5589300185
Street Suffix Modifier: Street
Subdivision: Ridgecrest
Zoning: MultiFamily
Lot Number: 6
Source System Name: C2C
Buyer Agent Commission: 2.5
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $648,000 + $318,000 $966,000 | $10,735 |
| 2022 | $724,300 + $181,700 $906,000 | $11,067 |
| 2021 | $794,300 + $181,700 $976,000 | $12,790 |
| 2020 | $750,300 + $181,700 $932,000 | $12,427 |
| 2019 | $647,300 + $181,700 $829,000 | $10,659 |
| 2018 | $589,300 + $181,700 $771,000 | $10,001 |
| 2017 | $485,300 + $181,700 $667,000 | $8,321 |
| 2016 | $441,300 + $181,700 $623,000 | $8,064 |
| 2015 | $327,300 + $181,700 $509,000 | $6,861 |
| 2014 | $324,300 + $181,700 $506,000 | $7,558 |
| 2013 | $292,300 + $181,700 $474,000 | $7,290 |
| 2012 | $227,300 + $181,700 $409,000 | $6,110 |
| 2011 | $254,300 + $181,700 $436,000 | $5,839 |
| 2009 | $317,300 + $181,700 $499,000 | $5,982 |
| 2007 | $360,800 + $127,200 $488,000 | $5,770 |
$2,200
NWMLS
Listed 2024-05-01
$1,555,000
NWMLS
Listed 2024-04-18
$1,555,000
NWMLS
Sold 2005-12-16
$555,000
Public Record
Sold 2002-10-25
$410,000
Public Record
Sold 1999-10-22
$285,000
Public Record
Sold 1999-01-29
$258,000
Public Record
Sold 1996-09-30
$255,000
Public Record
Sold 1994-11-30
$215,000
Public Record
Sold 1977-11-10
$98,000
Public Record
Operating Expense: 24951.31000000
Power Production Type: Electric, Pellet
Sewer: Sewer Connected
Water Source: Public
Building Area Units: Square Feet
Building Name: MONTE VISTA ADD PLAT
Foundation Details: Post & Pillar
Living Area Units: Square Feet
Property Age: 61
Roof: Flat
Building Total Stories: 2
Structure Type: Quadruplex
House Style: 4-Plex
Elevation Units: Feet
Year Built Effective: 1995
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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.