405 NW Market St

—
Beds
—
Baths
3,620 Sq. Ft.
$396 / Sq. Ft.
3,620
Sq. Ft.
$396
per Sq. Ft.

Description

Awesome opportunity to own this income generating 4-plex in the heart of highly sought after Ballard! Low maintenance & close to restaurants & shopping make this a desirable investment property. All units are 2 bedrooms, 1 bathroom & all have washers & dryers in unit & separate entries. Updated baths & fixtures. Each unit has a parking spot and off-street parking. Near major bus line & just minutes to downtown.Awesome opportunity to own this income generating 4-plex in the heart of highly sought after Ballard! Low maintenance & close to restaurants & shopping make this a desirable investment property. All units are 2 bedrooms, 1 bathroom & all have washers & dryers in unit & separate entries. Updated baths & fixtures. Each unit has a parking spot and off-street parking. Near major bus line & just minutes to downtown.
  1. Listed by Vince M Grant • RE/MAX Elite
    P: (425)-245-7179 vgrant@remax.net
  2. Listed by Cole Grant • RE/MAX Elite
    P: (425)-245-7179 cole@grantteamproperties.com

Property Details for 405 Northwest Market Street

Community Name
Ballard
School District
Seattle
View
Territorial
Number of Assigned Spaces
4
Total Covered Parking
0
Entry Date
03-24-2023
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 09/05/2024 05:46 AM

Property Details for 405 Northwest Market Street

StatusSold
MLS #2048618
Days on Market13
Cumulative Days on Market13
Taxes$12,954 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.12 AC / 5,282 SF
CountyKing County

Location

Listing Courtesy of RE/MAX Elite

Sold By Keller Williams Eastside

Add your commute

Building Information for 405 Northwest Market Street

Stories2Residences4Year Built1959Building Size-Lot Size0.12 AC / 5,282 SF

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$8,305 per month

30 year fixed, 6.46% Interest

Principal and Interest

$7,226

Property Taxes

$1,080

HOA Dues

$0

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Property Information for 405 Northwest Market Street

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Deck, Fenced-Fully, High Speed Internet, Patio
  • Area: 705 - Ballard/Greenlake
  • Elementary School: West Woodland
  • Middle Or Junior School: Hamilton Mid
  • High School: Ballard High
  • Directions: Drive east from 15th NW on Market, Drive west on NE 45th St.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2022
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, Carpet
  • Features: Ceramic Tile, Wall to Wall Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Wall Unit(s)
Exterior Features
  • Exterior: Wood
  • Roof: Built-Up
  • Security Features: PartiallyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 5550
  • Power Company: Seattle City Light
  • Sewer Company: City of Seattle
  • Water Company: City of Seattle
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 33
Lot Information
  • Lot Details: Paved, Sidewalk
  • Lot Size Source: Realist
  • Parcel Number Free Text: 0475000060
  • Building Condition: Very Good
  • Calculated Square Footage: 3620
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3620.0
  • 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: 4
  • Units Below Grade: true
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 19904
  • Gross Adjusted Income: 111000
  • Gross Rent Multiplier: 13.51
  • Gross Scheduled Income: $111,000
  • Insurance Expense: $1,400
  • Net Operating Income: $91,096
  • Other Expenses: $0
  • Total Monthly Income: 9608
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Vacant
  • Leasable Area: 3620.0
  • Leasable Area Units: Square Feet

Property History for 405 Northwest Market Street

DateEvent & SourcePriceAppreciation
May 12, 2023

Sold

NWMLS #2048618

$1,435,000—
May 11, 2023

Sold (Public Record)

Public Record #1510854170

$1,435,000

+3.9% / yr

Apr 6, 2023

Pending

NWMLS #2048618

—
DateEvent & SourcePrice
05/12/2023

Sold

NWMLS #2048618

$1,435,000
05/11/2023

Sold (Public Record)

Public Record #1510854170

$1,435,000

+3.9% / yr

04/06/2023

Pending

NWMLS #2048618

—

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

Public Records for 405 Northwest Market Street

Taxable ValueLand$1,109,200Additions$116,800Total$1,226,000
Tax Record2024$12,259 ($1,022 / month)
Home Facts
Total Finished SqFt3,620 SqFtAbove Ground SqFt3,620 SqFtStories1Lot Size5,282 SqFtStyleMulti-Family Dwelling (2-4)Year Built1959Year Renovated1989ZoningLR1 (M)CountyKINGAPN047500-0060

Schools near 405 Northwest Market Street

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 - K to 8
Rating
School
Distance
West Woodland Elementary School
PublicK to 5

Hamilton International Middle School
Public6 to 8

Ballard High School
Public9 to 12

Salmon Bay School
PublicK to 8

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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Listing Courtesy of RE/MAX Elite

Based on information submitted to the MLS GRID as of 09/05/2024 05:46 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.