1053 S Southern Street, Seattle, WA 98108
- $799,995
- 2,480
- SqFt
Listing courtesy of RE/MAX Extra Inc..
- List Price
- $799,995
- Status
- ACTIVE
- MLS#
- 2497011
- Price Change
- ▼ $50,004 1783052576
- Days on Market
- 134
- Style
- 53 - Tri-plex
- Building Condition
- Very Good
- Finished SqFt
- 2,480
- Area Total SqFt
- 2480
- Annual Tax Ammount
- 7574
- Lot Size (sq ft)
- 4,800
- Sewer
- Sewer Connected
Property Description
South Park income-producing property featuring a beautifully updated Northwest Contemporary home with a basement apartment and detached DADU, offering excellent potential for rental income. The main home showcases vaulted ceilings with exposed beams, warm wood flooring, and abundant natural light. The chef’s kitchen is designed for both style and function with quartz countertops, stainless appliances, farmhouse sink, live-edge shelving, pantry, breakfast bar, and a huge quartz center island, along with skylights that create a bright, inviting space perfect for entertaining. Flexible living includes a main floor bedroom or office, full bath, and main-level laundry. Upstairs you’ll find a spacious primary suite with a walk-in closet and relaxing bathroom with jetted tub. The property also features two income-producing units: a lower-level apartment with kitchen, living room, den, private laundry and bath, plus a detached industrial-style DADU with loft, kitchen, bath and private laundry. Outdoor spaces include a walkout deck, private patio, and thoughtfully designed garden seating areas, along with RV parking, carport, and parking for up to five vehicles. Located in a central South Park location, this rare opportunity is ideal for investors or buyers seeking rental income to offset their mortgage. The main home and basement apartment are currently rented through August.
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Additional Information
- List Date
- 2026-03-14 15:28:11
- Community
- South Park
- Net Operating Income
- $53,423
- Gross Adjusted Income
- $70,584
- Gross Scheduled Income
- $70,584
- Insurance Expenses
- $2,400
- Water/Sewer/Garbage Expenses
- $2,880
- Gross Rent Multiplier
- 12.18
- Total Expenses
- $17,354
- Cap Rate
- 6.2
- Total Number of Units
- 3
- Unit Name
- 1053
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1917
- View
- Territorial
- Roof
- Metal
- Site Features
- Cabana/Gazebo, Cable TV, Deck, Fenced-Fully, Gas Available, High Speed Internet, Outbuildings, RV Parking
- Other Expenses
- 4500
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Gross Scheduled Income
- $70,584
- Gross Adjusted Income
- $70,584
- Tax Year
- 2026
- Insurance Expense
- $2,400
- W/S/G Expenses
- $2,880
- Total Expenses
- $17,354
- Net Operating Income
- $53,423
- Gross Rent Multiplier
- 12.18
- Cap Rate
- 6.2
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.