Sold
Last Sold Price
7,769 sqft$515/sqft
1609 N 46th St, Seattle, WA 98103
Multi FamilyProperty Type
6,400 sq ftLot Size
1926Year Built
$515/sq ftPrice per sq ft
5 carsParking Spaces

Description

Trophy asset located a half block off the desirable 45th Street retail corridor in the coveted Wallingford neighborhood. The building has been well-maintained and presents an investor with a turnkey asset. Building offers 5 studio units and 9 – 1BD units along with 5 garage parking stalls and 5 storage lockers on the back of the lot. The units contain coved ceilings, hardwood floors and receive an abundance of natural light. The property has been updated with double pane vinyl windows, has sprinklers...Trophy asset located a half block off the desirable 45th Street retail corridor in the coveted Wallingford neighborhood. The building has been well-maintained and presents an investor with a turnkey asset. Building offers 5 studio units and 9 – 1BD units along with 5 garage parking stalls and 5 storage lockers on the back of the lot. The units contain coved ceilings, hardwood floors and receive an abundance of natural light. The property has been updated with double pane vinyl windows, has sprinklers throughout the basement units and hallways, and has a coin-operated common laundry room. The building has also been implemented with RUBS. The lot totals 6,400 SF of LR2 RC (M) zoning providing an investor with future development potential.
  • Listed by: Michael Urquhart 206.623.8880 michael@paragonrea.com • Paragon Real Estate Advisors
  • Listed by: Eric P. Smith 206.623.8880 officemanager@paragonrea.com • Paragon Real Estate Advisors
Listing closed: 07/26/2021 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 1758382

Recent comparable sales

Median sold price

$3,315,000

Avg days on market

67

Sale-to-list ratio

90.1%

Seattle, WA

9 comparable properties found

a front view of a house
1/9
1

$4,000,000

Sold 03/02/26

Unavailable
Bedrooms
Unavailable
Bathrooms
7,000
Square Feet
0.12
Acres
an aerial view of multiple houses with a yard
1/15
2

$3,650,000

Sold 08/28/25

Unavailable
Bedrooms
Unavailable
Bathrooms
8,350
Square Feet
0.25
Acres
a view of a house with backyard and sitting area
1/28
3

$3,200,000

Sold 06/23/25

Unavailable
Bedrooms
Unavailable
Bathrooms
7,408
Square Feet
0.14
Acres
$3,100,000 | 645 West Nickerson Street, Seattle, WA 98119
1/17
4

$3,100,000

Sold 07/25/25

Unavailable
Bedrooms
Unavailable
Bathrooms
8,040
Square Feet
0.20
Acres
a front view of a house with a yard
1/31
5

$3,315,000

Sold 06/24/25

Unavailable
Bedrooms
Unavailable
Bathrooms
8,738
Square Feet
0.11
Acres
6

$3,268,000

Sold 10/02/25

Unavailable
Bedrooms
Unavailable
Bathrooms
7,145
Square Feet
0.16
Acres
a street sign on a pole on a street
1/28
7

$4,000,000

Sold 11/26/24

Unavailable
Bedrooms
Unavailable
Bathrooms
13,700
Square Feet
0.26
Acres
8

$3,909,200

Sold 10/14/25

Unavailable
Bedrooms
Unavailable
Bathrooms
7,590
Square Feet
0.11
Acres
a view of a large white building next to a yard
1/24
9

$2,115,000

Sold 08/01/25

Unavailable
Bedrooms
Unavailable
Bathrooms
8,115
Square Feet
0.17
Acres

Location

Listing Courtesy of Paragon Real Estate Advisors

Sold By Westlake Associates, Inc.

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Property Taxes

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Property Information for 1609 North 46th Street

Property Details
  • Taxes: $33,351 / year
  • MLS Type: Residential Income
  • County: King County
  • Community Name: Wallingford
  • School District: Seattle
  • Number of Assigned Spaces: 5
  • Total Covered Parking: 5
  • Entry Date: 04-20-2021
  • Energy Source: Natural Gas
  • Sewer: Sewer Connected
Building Information
  • Stories: 3
  • Residences: 14
  • Year Built: 1926
  • Lot Size: 0.15 AC / 6,400 SF
Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 705 - Ballard/Greenlake
  • Directions: From I5 take the 50th St Exit. Follow signs for 50th St/Seattle Pacific University. From 50th turn left on Wallingford Ave N. Right on N 46th. Property will be on the Left.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2021
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • Open Parking: No
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Hardwood, Vinyl
  • Features: Radiator, Hardwood
  • Amenities: Coin Op Laundry,Storage
  • Fireplace: No
  • Heating: Yes
Exterior Features
  • Exterior: Brick, Wood, Wood Products
  • Roof: Flat
Property
Utilities
  • Water/Sewer/Garbage: 20210
  • Power Production Type: Natural Gas
  • Utilities: Sewer Connected, Natural Gas Connected
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • Construction Methods: Standard Frame
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 18
Lot Information
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 4083803110
  • Calculated Square Footage: 7769
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 7769.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 0
  • Number of Stories in Building: 3
  • Vacancy Rate: 4
  • Number Of Units Total: 14
  • Units Below Grade: false
  • Units In Building Total: 14
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 94663
  • Gross Adjusted Income: 271273
  • Gross Rent Multiplier: 14
  • Gross Scheduled Income: $282,576
  • Insurance Expense: $4,390
  • Net Operating Income: $176,610
  • Other Expenses: $36,703
  • Total Monthly Income: 23548
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 7769.0
  • Leasable Area Units: Square Feet

Property History for 1609 North 46th Street

DateEvent & SourcePriceAppreciation
Jul 26, 2021

Sold

NWMLS #1758382

$4,000,000
Jun 28, 2021

Sold (Public Record)

Public Record #1467134335

$3,993,000

+6.7% / yr

May 4, 2021

Pending

NWMLS #1758382

DateEvent & SourcePrice
07/26/2021

Sold

NWMLS #1758382

$4,000,000
06/28/2021

Sold (Public Record)

Public Record #1467134335

$3,993,000

+6.7% / yr

05/04/2021

Pending

NWMLS #1758382

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1609 North 46th Street

Taxable ValueLand$1,536,000Additions$1,827,000Total$3,363,000
Tax Record2026$34,829 ($2,902 / month)
Home Facts
Total Finished SqFt8,450 SqFtAbove Ground SqFt8,450 SqFtStories3Lot Size6,400 SqFtStyleMulti-Family Res (5+ Units)Year Built1926Year Renovated1995ZoningLR2 RC (M)CountyKINGAPN408380-3110

Schools near 1609 North 46th Street

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Green Lake Elementary School
PublicPK to 5

Hamilton International Middle School
Public6 to 8

Lincoln High School
Public9 to 12

McDonald International School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1609 North 46th Street, Seattle, WA 98103
$4,000,000
7,769
6,400
4
2
2,140
3,750
$1,074,000
3
1,530
1,128
$1,047,000
3
1,510
1,182
$1,195,000
3
1,430
1,675
$2,149,250
5,281
5,890

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Paragon Real Estate Advisors

Based on information submitted to the MLS GRID as of 09/05/2024 05:42 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.