3632 36th Avenue S, Seattle, WA 98144

$1,000,000
1,800
SqFt

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Listing courtesy of John L. Scott, Inc.

List Price
$1,000,000
Status
ACTIVE
MLS#
2563968
Days on Market
0
Style
52 - Duplex
Finished SqFt
1,800
Area Total SqFt
1800
Annual Tax Ammount
7688
Lot Size (sq ft)
4,080
Sewer
Sewer Connected

Property Description

Exceptional opportunity to acquire a Seattle development site with an advanced permit package for 8 modern townhomes. The project includes plans for two 4-unit buildings with a future unit lot subdivision, offering a significant head start for builders and developers. Extensive architectural, civil, structural, landscape, and utility work has already been completed, with an issued demolition permit and development documents available for buyer review. Located in the desirable Mount Baker neighborhood, just minutes from Light Rail, Downtown Seattle, Lake Washington, parks, restaurants, and major commuter routes. Existing home is sold as-is. Buyer to verify all plans, permits, approvals, unit count, and development potential to their own satisfaction.

Additional Information

List Date
2026-08-03 22:25:14
Community
Mt Baker
Net Operating Income
$17,612
Gross Adjusted Income
$34,200
Gross Scheduled Income
$36,000
Total Monthly Income
$3,000
Insurance Expenses
$1,800
Water/Sewer/Garbage Expenses
$2,400
Gross Rent Multiplier
30.97
Total Expenses
$16,588
Cap Rate
1.58
Vacancy Rate
5
Total Number of Units
2
Unit Name
3632
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1967
Roof
Composition
Electric Expenses
2400
Other Expenses
500
Energy Source
Electric
School District
Seattle
Elementary School
John Muir
Middle School
Wash Mid
High School
Franklin High
Total Monthly Income
$3,000
Gross Scheduled Income
$36,000
Vacancy Rate
5
Gross Adjusted Income
$34,200
Tax Year
2026
Insurance Expense
$1,800
W/S/G Expenses
$2,400
Total Expenses
$16,588
Net Operating Income
$17,612
Gross Rent Multiplier
30.97
Cap Rate
1.58
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.
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