Listing ID: 1690639
Sold For: $1,012,500
Status: Closed
Address: 650 NW 52nd Street
City: Seattle
State: Washington
Postal Code: 98107
SqFt: 2,550
Acres: 0.115
County: King
This newly painted three-unit building consists of two charming 2Bd/1Bth units and one non-conforming 1Bd/1Bth unit. The property is located in West Woodland, the center of the Ballard, Fremont, Phinney neighborhoods within easy walking distance to two different bus lines as well as close proximity to West Woodland Elementary School, Woodland Park and the Zoo. The property presents a unique opportunity for both an investor or a single-family home buyer with an opportunity to link the ground floor apartment with one of the upstairs units to create a lovely home with an additional rental unit or guest home. Additionally, the property features two secured covered parking garages providing the opportunity for additional income.

Primary Features

County: King
Property Sub Type: Multi-Family
Property Type: Residential Income
Subdivision: Woodland Park
Year Built: 1972


Building Area Units: Square Feet
Flooring: Carpet
Furnished: Unfurnished
Heating Cooling Type: Forced Air
Living Area Units: Square Feet
Stories Total: 2


Covered Spaces: 2
Elevation Units: Feet
Exterior Features: Wood
Foundation Details: Block
Lot Size Square Feet: 5000
Lot Size Units: Square Feet
MLS Lot Size Source: Public Records
Number Of Units Total: 3
Parking Total: 2
Roof: Composition
Sewer: Available
Structure Type: Triplex
Style Code: 53 - Tri-plex
Units Below Grade: false
Units In Building Total: 3
Utilities: Electricity Available
Water Sewer Garbage: 4928
Water Source: Community


Building Area Total: 2550
Country: US
Elementary School: West Woodland
High School District: Seattle
MLS Area Major: 705 - Ballard/Greenlak
Waterfront: no
Zoning Class: Multi-Family
Zoning Jurisdiction: County


Amenities: See Remarks
Effective Year Built Source: Public Records
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
Year Built Effective: 1972


Association Fee Frequency: Annually
Buyer Financing: Not Disclosed
Cap Rate: 3.97
Gross Adjusted Income: 54708
Gross Rent Multiplier: 17
Gross Scheduled Income: 56400
Insurance Expense: 1051
Leasable Area: 2550
Leasable Area Units: Square Feet
Leased Items: None
Net Operating Income: 38724
Other Expense: 2000
Possession: Closing
Sale Type: MLS
Seller Disclosure: Provided
Special Listing Conditions: None
Tax Annual Amount: 8005
Tax Year: 2020
Total Expenses: 15984
Total Monthly Income: 4700
Vacancy Rate: 3

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. © 2023 NWMLS. All rights reserved. Data last updated: Friday, March 24th, 2023 05:38:41 AM.
Closed Listing courtesy of Paragon Real Estate Advisors
Closed Listing courtesy of Paragon Real Estate Advisors

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