3823 Delridge Way SW, Seattle, WA 98106
- $498,700
- 1,410
- SqFt
Listing courtesy of Marketplace Sotheby's Intl Rty.
- List Price
- $498,700
- Status
- ACTIVE
- MLS#
- 2544828
- Days on Market
- 295
- Style
- 52 - Duplex
- Building Condition
- Fair
- Finished SqFt
- 1,410
- Area Total SqFt
- 1410
- Annual Tax Ammount
- 5707
- Lot Size (sq ft)
- 1,215
- Sewer
- Sewer Connected
Property Description
Discover an excellent investment opportunity in the heart of West Seattle. This income-producing duplex is ideally positioned in the Delridge neighborhood, offering convenient access to downtown Seattle, neighborhood parks, shopping, restaurants, and major commuter routes. The upper residence features 2 bedrooms and 1 full bathroom, while the lower residence includes 1 bedroom and a ¾ bath, providing flexible rental options. Separate gas and electric meters allow tenants to pay their own utilities. The future light rail expansion is expected to further enhance the area's appeal and long-term value. Property is located at the corner of Delridge Way SW and 23rd Ave SW (GPS directions may incorrectly place you across the street). Please do not disturb the occupants. Interior showings will be available only after an accepted offer. No sign at property.
/u.realgeeks.media/nwmoderngroup/nwmodern_blue-grey_logo_REAL_black-real.png){kind=logo}
Additional Information
- List Date
- 2025-10-04 16:28:12
- Community
- Delridge
- Net Operating Income
- $31,022
- Gross Adjusted Income
- $40,800
- Gross Scheduled Income
- $40,800
- Total Monthly Income
- $3,400
- Insurance Expenses
- $878
- Water/Sewer/Garbage Expenses
- $2,500
- Gross Rent Multiplier
- 12.25
- Total Expenses
- $9,785
- Cap Rate
- 7.64
- Vacancy Rate
- 3
- Total Number of Units
- 2
- Unit Name
- 3823
- Potential Terms
- Cash, Conventional, FHA, Rehab Loan, VA Loan
- Year Built
- 1925
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Fully, Gas Available, High Speed Internet
- Other Expenses
- 700
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Elementary School
- Lafayette
- Middle School
- Madison Mid
- High School
- West Seattle High
- Total Monthly Income
- $3,400
- Gross Scheduled Income
- $40,800
- Vacancy Rate
- 3
- Gross Adjusted Income
- $40,800
- Tax Year
- 2025
- Insurance Expense
- $878
- W/S/G Expenses
- $2,500
- Total Expenses
- $9,785
- Net Operating Income
- $31,022
- Gross Rent Multiplier
- 12.25
- Cap Rate
- 7.64
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.