1302 West Emerson Street
1302 West Emerson Street
Seattle, WA 98119
$1,800,000
Last Sold Price
6
Beds
7
Baths
4,619 Sq. Ft.
$390 / Sq. Ft.
4,619
Sq. Ft.
$390
per Sq. Ft.
Sold 10/12/23
Sold 10/12/23
Listing provided courtesy of Paragon Real Estate Advisors
Description
The Emerson Apartments consists of 6 large 1 bedroom/1 bathroom units and 1 studio unit. Currently, all the units are being operated as fully furnished short-term rentals primarily renting to traveling nurses and corporate transferees. This unique opportunity allows a new owner to continue to improve the short-term rental operating strategy or transition the units into traditionally leased apartments. The value-add opportunity is renovating the units on turnovers before operating the units on longer-term...The Emerson Apartments consists of 6 large 1 bedroom/1 bathroom units and 1 studio unit. Currently, all the units are being operated as fully furnished short-term rentals primarily renting to traveling nurses and corporate transferees. This unique opportunity allows a new owner to continue to improve the short-term rental operating strategy or transition the units into traditionally leased apartments. The value-add opportunity is renovating the units on turnovers before operating the units on longer-term traditional leases. The one-bedroom units offer spacious floor plans with a living room and a dining area off the kitchen. Most of the units have hardwood style flooring and there are 7 parking spots, one for each unit.
- Listed by Cathy Jeney • Paragon Real Estate Advisors
- Listed by Ben Douglas • Paragon Real Estate Advisors
Property Details for 1302 West Emerson Street
Community Name
Queen Anne
School DistrictSeattle
Number of Assigned Spaces7
Total Covered Parking0
Entry Date10-12-2023
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Paragon Real Estate Advisors![]()
Sold By Paragon Real Estate Advisors
Add your commute
LISTING UPDATED: 10/13/2023 01:11 PM
Property Details for 1302 West Emerson Street
| Status | Sold |
|---|---|
| MLS # | 2171606 |
| Days on Market | 1 |
| Cumulative Days on Market | 160 |
| Taxes | $17,825 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1962 |
| Lot Size | 0.14 AC / 6,000 SF |
| County | King County |
Location
Listing Courtesy of Paragon Real Estate Advisors![]()
Sold By Paragon Real Estate Advisors
Add your commute
Building Information for 1302 West Emerson Street
Stories2Residences7Year Built1962Building Size-Lot Size0.14 AC / 6,000 SF
Payment Calculator
$11,309 per month
30 year fixed, 7.25% Interest
Principal and Interest
$9,823
Property Taxes
$1,485
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1302 West Emerson Street
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Area: 700 - Queen Anne/Magnolia
- 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: 7.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Cooling: Yes
- Cooling: Other – See Remarks
- Fireplace: No
- Heating: Yes
- Heating: Forced Air
Exterior Features
- Exterior: Wood Products
- Roof: Flat
Property
Utilities
- Water/Sewer/Garbage: 18868
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Senior Community: No
- Photos Count: 18
Lot Information
- Lot Size Source: King County
- Parcel Number Free Text: 2770604843
- Calculated Square Footage: 4619
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 4619.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 7
- Number of Stories in Building: 2
- Vacancy Rate: 5
- Number Of Units Total: 7
- Units Below Grade: false
- Units In Building Total: 7
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 62315
- Gross Adjusted Income: 187747
- Gross Rent Multiplier: 10.09
- Gross Scheduled Income: $197,628
- Insurance Expense: $1,384
- Net Operating Income: $125,432
- Other Expenses: $24,238
- Total Monthly Income: 16469
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Square Feet Unit 1: 700
- Rent Unit 1: $2,195.00
- Bedrooms Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Square Feet Unit 2: 700
- Rent Unit 2: $1,995.00
- Bedrooms Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Square Feet Unit 3: 700
- Rent Unit 3: $2,695.00
- Bedrooms Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Square Feet Unit 4: 700
- Rent Unit 4: $2,395.00
- Bedrooms Unit 4: 1
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 5
- Square Feet Unit 5: 700
- Rent Unit 5: $2,595.00
- Bedrooms Unit 5: 1
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 6
- Square Feet Unit 6: 700
- Rent Unit 6: $2,695.00
- Bedrooms Unit 6: 1
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 7
- Square Feet Unit 7: 400
- Rent Unit 7: $1,895.00
- Bathrooms Unit 7: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 4619.0
- Leasable Area Units: Square Feet
Property History for 1302 West Emerson Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1302 West Emerson Street
Taxable ValueLand$1,050,000Additions$960,000Total$2,010,000
Tax Record2022$17,285 ($1,440 / month)
Home Facts
Total Finished SqFt4,620 SqFtAbove Ground SqFt4,620 SqFtStories2Lot Size6,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1952Year Renovated1987ZoningLR3 RC (M)CountyKINGAPN277060-4843
Schools near 1302 West Emerson 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 |
|---|---|---|
Coe Elementary School PublicK to 5 | ||
Mcclure 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 Paragon Real Estate Advisors
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.