2515 16th Ave S

—
Beds
—
Baths
3,230 Sq. Ft.
$279 / Sq. Ft.
3,230
Sq. Ft.
$279
per Sq. Ft.

Description

Duplex w/ NC2-75 Zoning, just 400ft from Beacon Hill Light Rail! 2bed/1bath units retain original charm with no deferred maintenance. Complete remodel in 2013 leaves the property in excellent shape with updated electrical, plumbing, windows, kitchen, baths. Amazing city & mountain views. Purchase into a great condition rental property with owner-quality finishes and hold for future development. Potential for 36+ unit apartment building with 8-9 stories and breathtaking views. Buyer to verify.Duplex w/ NC2-75 Zoning, just 400ft from Beacon Hill Light Rail! 2bed/1bath units retain original charm with no deferred maintenance. Complete remodel in 2013 leaves the property in excellent shape with updated electrical, plumbing, windows, kitchen, baths. Amazing city & mountain views. Purchase into a great condition rental property with owner-quality finishes and hold for future development. Potential for 36+ unit apartment building with 8-9 stories and breathtaking views. Buyer to verify.
  1. Listed by Lucas Roth • Pellego, Inc.
    P: (425)-441-3180 lucas@raincityproperty.com

Property Details for 2515 16th Avenue South

Community Name
N Beacon Hill
School District
Seattle
View
Mountain(s), Territorial
Number of Assigned Spaces
4
Total Covered Parking
0
Entry Date
05-01-2020
Sewer
Sewer Connected
LISTING UPDATED: 09/05/2024 05:40 AM

Property Details for 2515 16th Avenue South

StatusSold
MLS #1594682
Days on Market21
Cumulative Days on Market25
Taxes$8,756 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1914
Lot Size0.08 AC / 3,680 SF
CountyKing County

Location

Listing Courtesy of Pellego, Inc.

Sold By Pellego, Inc.

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Building Information for 2515 16th Avenue South

Stories2Residences2Year Built1914Building Size-Lot Size0.08 AC / 3,680 SF

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Property Taxes

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Property Information for 2515 16th Avenue South

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Fenced-Partially, Gas Available
  • Area: 385 - SODO/Beacon Hill
  • Block: 7
  • Elementary School: Kimball
  • Middle Or Junior School: Mercer Mid
  • High School: Franklin High
  • Directions: From Beacon Ave S, turn east onto Lander, then north onto 16th.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2020
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Ceramic Tile, Softwood, Hardwood
  • Features: Forced Air, Ceramic Tile, Fir/Softwood, Hardwood
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Company: Seattle City Light
  • Sewer Company: SPU
  • Water Company: SPU
  • Power Production Type: Electric, Natural Gas
  • Utilities: Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Business,Multi-Family,Office,Residential,Retail
  • First Right Of Refusal: false
  • Possible Use: Business, Multi-Family, Office, Residential, Retail
  • Preliminary Title Ordered: Yes
  • Special Listing Conditions: None
  • Photos Count: 18
Lot Information
  • Lot Details: Alley, Curbs, Paved, Sidewalk, Value In Land
  • Lot Size Dimensions: approx. 40' x 90'
  • Lot Number: 5 & north 10' of 6
  • Lot Size Source: KCR
  • Parcel Number Free Text: 0907000035
  • Building Condition: Very Good
  • Calculated Square Footage: 3230
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3230.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 4
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 9956
  • Gross Adjusted Income: 54000
  • Gross Rent Multiplier: 17
  • Gross Scheduled Income: $54,000
  • Insurance Expense: $1,200
  • Net Operating Income: $44,044
  • Other Expenses: $0
  • Total Monthly Income: 4500
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Vacant
  • Leasable Area: 3230.0
  • Leasable Area Units: Square Feet

Property History for 2515 16th Avenue South

DateEvent & SourcePriceAppreciation
Jun 30, 2020

Sold

NWMLS #1594682

$902,000—
Jun 25, 2020

Sold (Public Record)

Public Record #671402747

$902,000

+6.0% / yr

May 22, 2020

Pending

NWMLS #1594682

—
May 1, 2020

Listed (Active)

NWMLS #1594682

$950,000—
Feb 10, 2016

Sold

NWMLS #885819

$700,000—
Feb 8, 2016

Sold (Public Record)

Public Record #565053148

$700,000

+7.8% / yr

Jan 27, 2016

Pending

NWMLS #885819

—
Jan 18, 2016

Listed (Active)

NWMLS #885819

$625,000—
May 11, 1999

Sold (Public Record)

Public Record #49410313

$200,000—
DateEvent & SourcePrice
06/30/2020

Sold

NWMLS #1594682

$902,000
06/25/2020

Sold (Public Record)

Public Record #671402747

$902,000

+6.0% / yr

05/22/2020

Pending

NWMLS #1594682

—
05/01/2020

Listed (Active)

NWMLS #1594682

$950,000
02/10/2016

Sold

NWMLS #885819

$700,000
02/08/2016

Sold (Public Record)

Public Record #565053148

$700,000

+7.8% / yr

01/27/2016

Pending

NWMLS #885819

—
01/18/2016

Listed (Active)

NWMLS #885819

$625,000
05/11/1999

Sold (Public Record)

Public Record #49410313

$200,000

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

Public Records for 2515 16th Avenue South

Taxable ValueLand$640,000Additions$268,000Total$908,000
Tax Record2024$8,940 ($745 / month)
Home Facts
Baths2Total Finished SqFt2,080 SqFtAbove Ground SqFt2,080 SqFtStories2Lot Size3,680 SqFtStyleDuplexYear Built1914Year Renovated2013ZoningNC2-75 (M1)CountyKINGAPN090700-0035Fireplace TypeHas Fireplace

Schools near 2515 16th Avenue South

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

Washington Middle School
Public6 to 8

Franklin High School
Public9 to 12

Bridges Transition
PublicPK to 12

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pellego, Inc.

Based on information submitted to the MLS GRID as of 09/05/2024 05:40 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.