1523 Northeast 147th Street
1523 Northeast 147th Street
Shoreline, WA 98155
$780,000
Price
6
Beds
2
Baths
2,030 Sq. Ft.
$384 / Sq. Ft.
2,030
Sq. Ft.
$384
per Sq. Ft.
Listing provided courtesy of John L. Scott, Inc.
Description
Exceptional Investment Opportunity Awaits! Discover the potential in this duplex, conveniently located minutes from the new light rail station and within walking distance to shopping and dining. Nestled in the award-winning Shoreline school district, this duplex sits on a spacious 8000+ sqft lot, zoned R24, offering immense possibilities for builders and investors alike. Imagine the prospect of boosting cash flow through cosmetic updates, aiming for a CAP RATE WELL ABOVE 5% in an area averaging 3-4%....Exceptional Investment Opportunity Awaits! Discover the potential in this duplex, conveniently located minutes from the new light rail station and within walking distance to shopping and dining. Nestled in the award-winning Shoreline school district, this duplex sits on a spacious 8000+ sqft lot, zoned R24, offering immense possibilities for builders and investors alike. Imagine the prospect of boosting cash flow through cosmetic updates, aiming for a CAP RATE WELL ABOVE 5% in an area averaging 3-4%. Envision expanding with a DADU or redeveloping into FOUR 2000 SQFT modern homes. A rare chance to significantly elevate property value and accelerate wealth creation. Act Now to Transform Potential into Profit With This Winning Deal!
- Listed by Shepard Fei • John L. Scott, Inc.
Property Details for 1523 Northeast 147th Street
Community Name
Briarcrest
School DistrictShoreline
Number of Assigned Spaces6
Total Covered Parking0
Entry Date04-25-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of John L. Scott, Inc.![]()
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LISTING UPDATED: 04/29/2024 02:25 PM
Property Details for 1523 Northeast 147th Street
| Status | Active |
|---|---|
| MLS # | 2228005 |
| Days on Market | 11 |
| Cumulative Days on Market | 10 |
| Taxes | $7,369 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1959 |
| Lot Size | 0.19 AC / 8,109 SF |
| County | King County |
Location
Listing Courtesy of John L. Scott, Inc.![]()
Add your commute
Building Information for 1523 Northeast 147th Street
Stories1Residences2Year Built1959Building Size-Lot Size0.19 AC / 8,109 SF
Payment Calculator
$4,871 per month
30 year fixed, 7.25% Interest
Principal and Interest
$4,257
Property Taxes
$614
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1523 Northeast 147th Street
Summary
Location and General Information
- Style: 52 - Duplex
- Area: 720 - Lake Forest Park
- Block: 3
- Elementary School: Briarcrest Elem
- Middle Or Junior School: Kellogg Mid
- High School: Shorecrest High
- Effective Year Built Source: Public Records
- Directions: From I5, exit at 145th Street. Turn east on 145th Street. Turn north on 15th Ave NE. Turn east on 147th Street.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 2.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Floor Covering: Vinyl, Carpet
- Features: Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Cement Planked, Wood
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 2850
- Power Company: Seattle City Light
- Sewer Company: City of Shoreline Wastewater Utility
- Water Company: Seattle Public Utility
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family,Residential
- First Right Of Refusal: false
- Possible Use: Multi-Family, Residential
- Letter On File: Duplicate Prop Type
- MLS Square Footage Source: King County Records
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1959
- Photos Count: 11
Lot Information
- Lot Number: 20
- Lot Size Source: King County Records
- Parcel Number Free Text: 3670500320
- Building Condition: Average
- Calculated Square Footage: 2030
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2030.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 2
- Number of Stories in Building: 1
- Vacancy Rate: 5
- Number Of Units Total: 2
- Units Below Grade: false
- Units In Building Total: 2
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 11345
- Gross Adjusted Income: 51300
- Gross Rent Multiplier: 14.44
- Gross Scheduled Income: $54,000
- Insurance Expense: $1,126
- Net Operating Income: $39,955
- Other Expenses: $0
- Total Monthly Income: 4500
- Fuel Expense: $0
Unit 1
- Name Unit 1: A
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 723
- Rent Unit 1: $2,000.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: B
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 1307
- Rent Unit 2: $2,500.00
- Bedrooms Unit 2: 4
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2030.0
- Leasable Area Units: Square Feet
Property History for 1523 Northeast 147th 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 1523 Northeast 147th Street
Taxable ValueLand$371,000Additions$357,000Total$728,000
Tax Record2022$7,645 ($637 / month)
Home Facts
Beds7Baths2Total Finished SqFt2,030 SqFtAbove Ground SqFt2,030 SqFtStories1Lot Size8,109 SqFtStyleSingle Family ResidenceYear Built1959ZoningR24CountyKINGAPN367050-0320Fireplace TypeHas Fireplace
Schools near 1523 Northeast 147th Street
This home is within Shoreline School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 12 |
Rating | School | Distance |
|---|---|---|
Briarcrest Elementary School PublicK to 5 | ||
Kellogg Middle School Public6 to 8 | ||
Shorecrest High School Public9 to 12 | ||
Fircrest Residential Habilitation PublicK to 12 |
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 John L. Scott, Inc.
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.