1249 5th Avenue North

1249 5th Avenue North

Seattle, WA 98109

$2,000,000
Last Sold Price
9
Beds
5
Baths
4,048 Sq. Ft.
$494 / Sq. Ft.
4,048
Sq. Ft.
$494
per Sq. Ft.

Sold 3/30/18

Virtual Tour

Sold 3/30/18

Virtual Tour

Listing provided courtesy of RE/MAX Northwest Realtors, Skyline Properties, Inc.

Description

Stable 5 unit apartment building in excellent east slope Queen Anne location, one block north of Highland Drive, with L-3 zoning and outstanding views of the city, Lake Union, and the Cascade Mountains. The market is overheated for building right now, building costs are high because of all the demand. The Kahala Apartments make a great buy and hold with a potential to redevelop this prime location once the building market slows and building costs settle back to normal.Stable 5 unit apartment building in excellent east slope Queen Anne location, one block north of Highland Drive, with L-3 zoning and outstanding views of the city, Lake Union, and the Cascade Mountains. The market is overheated for building right now, building costs are high because of all the demand. The Kahala Apartments make a great buy and hold with a potential to redevelop this prime location once the building market slows and building costs settle back to normal.
  1. Listed by Paul Waln • RE/MAX Northwest Realtors

Property Details for 1249 5th Avenue North

Community Name
Queen Anne
School District
Seattle
Number of Assigned Spaces
5
Total Covered Parking
5
Entry Date
02-02-2018
Sewer
Sewer Connected

Location

Listing Courtesy of RE/MAX Northwest Realtors

Sold By Skyline Properties, Inc.

Add your commute
LISTING UPDATED: 03/27/2021 11:46 PM

Property Details for 1249 5th Avenue North

StatusSold
MLS #1240587
Days on Market8
Cumulative Days on Market152
Taxes$11,344 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1912
Lot Size0.16 AC / 7,177 SF
CountyKing County

Location

Listing Courtesy of RE/MAX Northwest Realtors

Sold By Skyline Properties, Inc.

Add your commute

Virtual Tour

Building Information for 1249 5th Avenue North

Stories2Residences5Year Built1912Building Size-Lot Size0.16 AC / 7,177 SF

Payment Calculator

$11,860 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$945

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1249 5th Avenue North

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Area: 700 - Queen Anne/Magnolia
  • Effective Year Built Source: Public Records
  • Directions: On the west side of 5th Ave N just north of Highland Dr.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2017
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • Open Parking: No
Virtual Tour
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Electric On Property: No
  • Heating and Cooling: Radiator
  • Water/Sewer/Garbage: 6837
  • Power Production Type: Natural Gas
  • Utilities: Sewer Connected, Natural Gas Connected
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Special Listing Conditions: None
  • Year Built Effective: 1975
  • Photos Count: 25
Lot Information
  • Lot Details: Dead End Street, Value In Land
  • Lot Size Source: KCR
  • Parcel Number Free Text: 6889900276
  • Building Condition: Fair
  • Calculated Square Footage: 4048
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 4048.0
  • 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: 2
  • Number Of Units Total: 5
  • Units Below Grade: false
  • Units In Building Total: 5
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 36887
  • Gross Adjusted Income: 100299
  • Gross Rent Multiplier: 20
  • Gross Scheduled Income: $102,300
  • Insurance Expense: $4,761
  • Net Operating Income: $63,342
  • Other Expenses: $10,320
  • Total Monthly Income: 8630
  • Fuel Expense: $3,026
Unit 1
  • Name Unit 1: A
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 907
  • Rent Unit 1: $1,600.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: B
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 796
  • Rent Unit 2: $1,775.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: D
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 1000
  • Rent Unit 3: $1,850.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: C
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 1014
  • Rent Unit 4: $1,775.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: E
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: true
  • Square Feet Unit 5: 656
  • Rent Unit 5: $1,500.00
  • Bedrooms Unit 5: 1
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 4048.0
  • Leasable Area Units: Square Feet

Property History for 1249 5th Avenue North

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1249 5th Avenue North

Taxable ValueLand$1,693,700Additions$436,300Total$2,130,000
Tax Record2022$18,170 ($1,514 / month)
Home Facts
Total Finished SqFt4,375 SqFtAbove Ground SqFt4,375 SqFtStories2Lot Size7,177 SqFtStyleMulti-Family Dwelling (2-4)Year Built1912Year Renovated1985ZoningLR3 (M)CountyKINGAPN688990-0276

Schools near 1249 5th Avenue North

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Hay Elementary School
Public - K to 5
Mcclure Middle School
Public - 6 to 8
Lincoln High School
Public - 9 to 12
Queen Anne Elementary School
Public - K to 5
Rating
School
Distance
Hay Elementary School
PublicK to 5

Mcclure Middle School
Public6 to 8

Lincoln High School
Public9 to 12

Queen Anne Elementary 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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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Northwest Realtors

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.