4202 Phinney Ave N

—
Beds
—
Baths
3,288 Sq. Ft.
$499 / Sq. Ft.
3,288
Sq. Ft.
$499
per Sq. Ft.

Description

Unbeatable Fremont Location. The Phinney Fourplex is a classic property situated on an ideal corner lot with beautiful Southwest views. The property is zoned LR1 and is a perfect land bank with tons of potential for future development. The existing building has a historically low vacancy rate with consistently strong rental cash flow. The units all boast desirable old world charm features such as coved archways and hardwood floors. Potential townhome/rowhouse redevelopment, corner lot zoned LR1.Unbeatable Fremont Location. The Phinney Fourplex is a classic property situated on an ideal corner lot with beautiful Southwest views. The property is zoned LR1 and is a perfect land bank with tons of potential for future development. The existing building has a historically low vacancy rate with consistently strong rental cash flow. The units all boast desirable old world charm features such as coved archways and hardwood floors. Potential townhome/rowhouse redevelopment, corner lot zoned LR1.
  1. Listed by Ian Brown • Westlake Associates, Inc.
    P: (206)-505-9400 Ian.brown@sperrycga.com

Property Details for 4202 Phinney Avenue North

Community Name
Fremont
School District
Seattle
Number of Assigned Spaces
1
Total Covered Parking
1
Entry Date
01-02-2024
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 09/05/2024 05:48 AM

Property Details for 4202 Phinney Avenue North

StatusSold
MLS #2187812
Days on Market29
Cumulative Days on Market29
Taxes$12,395 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1910
Lot Size0.14 AC / 6,000 SF
CountyKing County

Location

Listing Courtesy of Westlake Associates, Inc.

Sold By Windermere R.E. Shoreline

Add your commute

Building Information for 4202 Phinney Avenue North

Stories2Residences4Year Built1910Building Size-Lot Size0.14 AC / 6,000 SF

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$9,205 per month

30 year fixed, 6.36% Interest

Principal and Interest

$8,172

Property Taxes

$1,033

HOA Dues

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Property Information for 4202 Phinney Avenue North

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Area: 705 - Ballard/Greenlake
  • Directions: On I-5 N, take exit 167 for Mercer St. Turn right onto Aurora Ave N, keep right to continue on Bridge Way N. Turn L on N 38th St, turn R on Fremont Ave N, turn L onto 42nd St, turn R on Phinney Ave N
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • Open Parking: No
Interior and Exterior Features
Interior Features
  • Floor Covering: Hardwood
  • Features: Hardwood
  • Amenities: Coin Op Laundry
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
Exterior Features
  • Exterior: Brick, Stone, Wood
  • Roof: Composition
Property
Utilities
  • Water/Sewer/Garbage: 4458
  • Water Company: Seattle Public Utilities
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • 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: 14
Lot Information
  • Lot Details: Corner Lot
  • Lot Size Source: King County Assessor
  • Parcel Number Free Text: 8129701010
  • Building Condition: Good
  • Calculated Square Footage: 3288
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3288.0
  • 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: 2
  • Vacancy Rate: 3
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 22554
  • Gross Adjusted Income: 86834
  • Gross Rent Multiplier: 17.6
  • Gross Scheduled Income: $89,520
  • Insurance Expense: $2,501
  • Net Operating Income: $64,280
  • Other Expenses: $3,200
  • Total Monthly Income: 7460
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3288.0
  • Leasable Area Units: Square Feet

Property History for 4202 Phinney Avenue North

DateEvent & SourcePriceAppreciation
Mar 15, 2024

Sold

NWMLS #2187812

$1,640,000—
Mar 2, 2024

Sold (Public Record)

Public Record #1528861648

$1,640,000

+1.4% / yr

Jan 31, 2024

Pending

NWMLS #2187812

—
DateEvent & SourcePrice
03/15/2024

Sold

NWMLS #2187812

$1,640,000
03/02/2024

Sold (Public Record)

Public Record #1528861648

$1,640,000

+1.4% / yr

01/31/2024

Pending

NWMLS #2187812

—

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

Public Records for 4202 Phinney Avenue North

Taxable ValueLand$1,165,000Additions$756,000Total$1,921,000
Tax Record2025$19,971 ($1,664 / month)
Home Facts
Total Finished SqFt3,540 SqFtAbove Ground SqFt3,540 SqFtStories2Lot Size6,000 SqFtStyleQuadraplexYear Built1924ZoningLR1 (M)CountyKINGAPN812970-1010

Schools near 4202 Phinney Avenue North

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 8
Rating
School
Distance
B F Day Elementary School
PublicPK to 5

Hamilton International Middle School
Public6 to 8

Lincoln High School
Public9 to 12

Cascade Parent Partnership Program
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 Westlake Associates, Inc.

Based on information submitted to the MLS GRID as of 09/05/2024 05:48 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.