1516-1518 11th Avenue West
1516-1518 11th Avenue West
Seattle, WA 98119
$1,650,000
Price
6
Beds
6
Baths
4,170 Sq. Ft.
$396 / Sq. Ft.
4,170
Sq. Ft.
$396
per Sq. Ft.
Pending
Pending
Listing provided courtesy of Real Property Associates
Description
Discover a prime investment opportunity in Queen Anne! This remodeled triplex not only offers spacious 1,390 Sq Ft Units with 2-bedroom, 2-bath, each boasting modern amenities such as washer, dryer, dishwasher, & a patio or deck, but it also presents an excellent investment potential. Located on a quiet street with some mountain and water views, 2024 exterior painted, new roof in 2020, pipes and water main connection updated & off-street parking. This property is primed for long-term success. Whether...Discover a prime investment opportunity in Queen Anne! This remodeled triplex not only offers spacious 1,390 Sq Ft Units with 2-bedroom, 2-bath, each boasting modern amenities such as washer, dryer, dishwasher, & a patio or deck, but it also presents an excellent investment potential. Located on a quiet street with some mountain and water views, 2024 exterior painted, new roof in 2020, pipes and water main connection updated & off-street parking. This property is primed for long-term success. Whether you're an investor seeking a lucrative addition to your portfolio or an owner-occupier looking to capitalize on rental income, this triplex is a great investment property.
- Listed by Jennifer Bouffiou • Real Property Associates
- Listed by Gordon Stephenson • Real Property Associates
Property Details for 1516-1518 11th Avenue West
Community Name
Queen Anne
School DistrictSeattle
ViewMountain(s), Sound, Territorial
Number of Assigned Spaces4
Total Covered Parking0
Entry Date04-15-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Real Property Associates![]()
Add your commute
LISTING UPDATED: 04/22/2024 03:32 PM
Property Details for 1516-1518 11th Avenue West
| Status | Pending |
|---|---|
| MLS # | 2207060 |
| Days on Market | 3 |
| Cumulative Days on Market | 3 |
| Taxes | $14,754 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1969 |
| Lot Size | 0.12 AC / 5,400 SF |
| County | King County |
Location
Listing Courtesy of Real Property Associates![]()
Add your commute
Building Information for 1516-1518 11th Avenue West
Stories3Residences3Year Built1969Building Size-Lot Size0.12 AC / 5,400 SF
Payment Calculator
$10,234 per month
30 year fixed, 7.25% Interest
Principal and Interest
$9,005
Property Taxes
$1,230
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1516-1518 11th Avenue West
Summary
Location and General Information
- Style: 53 - Tri-plex
- Site Features: Cable TV, Deck, Patio
- Area: 700 - Queen Anne/Magnolia
- Elementary School: Bryant
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Effective Year Built Source: Public Records
- Directions: From 10th Avenue West, turn right on Gilman and left on 11th Avenue West. Address on Triplex is 1518
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 4.0
- Open Parking: Yes
Virtual Tour
- Virtual Tour URL Description: 3D Tour - Unit 1 (all units have same floor plan)
- Virtual Tour URL Unbranded2: https://media.showingtimeplus.com/videos/018ed93a-9b10-700e-9591-fef5b455d24d
- Virtual Tour URL Description2: Property video
Interior and Exterior Features
Interior Features
- Floor Covering: Ceramic Tile, Engineered Hardwood, Vinyl, Carpet
- Features: Ceramic Tile, Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Cement/Concrete
- Roof: Torch Down
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 5230
- Power Company: Seattle City Light
- Sewer Company: SPU
- Water Company: SPU
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Foundation: Poured Concrete
- First Right Of Refusal: false
- MLS Square Footage Source: Realist
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1969
- Photos Count: 35
Lot Information
- Lot Details: Paved
- Lot Size Source: Realist
- Parcel Number Free Text: 1861400150
- Building Condition: Good
- Calculated Square Footage: 4170
- Structure Type: Triplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 4170.0
- 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: 3
- Vacancy Rate: 3
- Number Of Units Total: 3
- Units Below Grade: false
- Units In Building Total: 3
Financing / Income and Expenses
- Electric Expense: $2,736
- Total Expenses: 26109
- Gross Adjusted Income: 103110
- Gross Rent Multiplier: 16.09
- Gross Scheduled Income: $102,510
- Insurance Expense: $1,556
- Net Operating Income: $76,999
- Other Expenses: $1,833
- Total Monthly Income: 8542
- Fuel Expense: $0
Unit 1
- Name Unit 1: 3
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 1390
- Rent Unit 1: $3,040.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 1
- Bathrooms Unit 1: 2
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 1390
- Rent Unit 2: $2,640.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 1
- Bathrooms Unit 2: 2
Unit 3
- Name Unit 3: 1
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 1390
- Rent Unit 3: $2,862.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 1
- Bathrooms Unit 3: 2
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 4170.0
- Leasable Area Units: Square Feet
Property History for 1516-1518 11th Avenue West
| 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.
Schools near 1516-1518 11th Avenue West
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 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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near West Queen Anne
Neighborhoods
Cities
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 Real Property Associates
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.