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Listing ID: 1390148
Sold For: $1,500,000
Status: Closed
Address: 2371 48th Avenue SW
City: Seattle
State: Washington
Postal Code: 98116
SqFt: 2,620
Acres: 0.255
County: King
2 side x side retro mid-century triplexes. 6 units 2365 & 2371 48th SW, 2 more contiguous triplexes available, listing No. 1389930 North Admiral near Alki and Junction. Some units have LVT floors, Quartz Counter. All have fresh paint, original birch cabinets & tiles. 4 buildings available on 9 lots. Potential to build up to 21 units. Meticulously maintained, with updates and mid-century style. All units are non-smoking, with DW, Micro, Self-Clean Range and coin laundry, huge storage rooms

Primary Features

County: King
Property Sub Type: Multi-Family
Property Type: Residential Income
Subdivision: Admiral
Year Built: 1959


Building Area Units: Square Feet
Flooring: Laminate, Vinyl, Carpet
Furnished: Unfurnished
Heating Cooling Type: Baseboard
Living Area Units: Square Feet
Stories Total: 2


Elevation Units: Feet
Exterior Features: Brick, Wood
Foundation Details: Poured Concrete
Lot Features: Corner Lot, Curbs, Paved, Sidewalk
Lot Number: 1-5
Lot Size Dimensions: (56 x 99)x2
Lot Size Square Feet: 11088
Lot Size Units: Square Feet
MLS Lot Size Source: KC Records
Number Of Units Total: 6
Open Parking Spaces: 6
Parking Total: 6
Parking Uncovered Spaces: 6
Roof: Built-Up, Composition
Sewer: Sewer Connected
Structure Type: Triplex
Style Code: 53 - Tri-plex
Units Below Grade: false
Units In Building Total: 6
Utilities: Sewer Connected, Electricity Available
Water Sewer Garbage: 7856
Water Source: Public


Block: 43
Building Area Total: 2620
Building Name: West Seattle Park
Country: US
High School District: Seattle
MLS Area Major: 140 - West Seattle
Waterfront: no
Zoning Class: Multi-Family
Zoning Jurisdiction: City


Amenities: Coin Op Laundry,Storage
First Right Of Refusal: no
Mls Status: Sold
Offers: Seller intends to review offers upon receipt
Possible Use: Multi-Family
Power Production Type: Electric
Preliminary Title Ordered: yes
Property Condition: Very Good


Buyer Financing: Conventional
Cap Rate: 5
Electric Expense: 986
Gross Adjusted Income: 112380
Gross Rent Multiplier: 16
Gross Scheduled Income: 112380
Insurance Expense: 1706
Leasable Area: 4100
Leasable Area Units: Square Feet
Leased Items: None,Washer/Dryer
Net Operating Income: 88652
Possession: Closing, Tenant's Rights
Sale Type: MLS
Seller Disclosure: Provided
Special Listing Conditions: None
Tax Annual Amount: 13180
Tax Year: 2017
Total Expenses: 23728
Total Monthly Income: 9365

Zoning Info

Area Info

The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. The information contained in this listing has not been verified by Heaton Dainard, LLC (2412) and should be verified by the buyer. © 2022 NWMLS. All rights reserved. Data last updated: Wednesday, August 10th, 2022 12:30:09 AM.
Closed Listing courtesy of John L. Scott Westwood
Closed Listing courtesy of John L. Scott Westwood
Closed Listing courtesy of John L. Scott Westwood

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