1953 10th Avenue W, Seattle, WA 98119
- $1,495,000
Listing Broker: Lee & Associates Commercial RE; Dea Sumantri; 206-773-2680; dsumantri@lee-associates.com
- List Price
- $1,495,000
- Status
- ACTIVE
- MLS#
- 2585477
- Days on Market
- 0
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Annual Tax Ammount
- 16260
- Lot Size (sq ft)
- 7,200
- Sewer
- Sewer Connected
Property Description
We are pleased to present the 10th Ave W Fourplex in Seattle’s Queen Anne neighborhood. This offering presents a rare combination of immediate usability, flexible investment strategies, and future upside. Delivered vacant, the property is well suited for an owner occupant seeking to move in immediately while renovating or repositioning the remaining units over time. The property may also appeal to townhome developers evaluating the LR1 (M) zoning and 7,200 square foot lot for future redevelopment potential, subject to buyer verification. It features four individually metered residences with a unique mix of updated interiors, double pane windows offering sweeping views, and in unit washer and dryers. The units include hardwood flooring, stainless steel and white appliances, dishwashers, updated cabinetry, private deck access, and walk-in closet space. Recent improvements include a replacement water heater system completed in 2023 and electrical upgrades completed in conjunction with the water heater installation. The building also includes basement storage, seven parking spaces, and two garage spaces. With a blend of existing improvements and additional upside through continued interior modernization and operational review, the property presents investors with the opportunity to acquire a well located small multifamily asset in one of Seattle’s most established rental neighborhoods
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Additional Information
- List Date
- 2026-09-21 23:28:11
- Community
- Queen Anne
- Net Operating Income
- $85,037
- Gross Adjusted Income
- $107,103
- Gross Scheduled Income
- $112,740
- Total Monthly Income
- $9,542
- Insurance Expenses
- $4,500
- Water/Sewer/Garbage Expenses
- $8,703
- Gross Rent Multiplier
- 13.26
- Total Expenses
- $29,463
- Cap Rate
- 5.69
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 1953
- Potential Terms
- Cash, Conventional
- Year Built
- 1906
- View
- Bay, Territorial
- Roof
- Composition
- Site Features
- Deck, Outbuildings, Patio, Shop
- Energy Source
- Natural Gas
- School District
- Seattle
- Total Monthly Income
- $9,542
- Gross Scheduled Income
- $112,740
- Vacancy Rate
- 5
- Gross Adjusted Income
- $107,103
- Tax Year
- 2026
- Insurance Expense
- $4,500
- W/S/G Expenses
- $8,703
- Total Expenses
- $29,463
- Net Operating Income
- $85,037
- Gross Rent Multiplier
- 13.26
- Cap Rate
- 5.69
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.