1806 16th Avenue
1806 16th Avenue
Seattle, WA 98122
$1,498,000
Price
3
Beds
5
Baths
2,600 Sq. Ft.
$576 / Sq. Ft.
2,600
Sq. Ft.
$576
per Sq. Ft.
Pending
Pending
Listing provided courtesy of Lee & Associates Commercial RE
Description
Capitol Hill 5 unit west facing towards Seven Hills Park across the street, features good natural light exposure & views from the top floor. Units have received updates on turnover with most units receiving laminate floors & appliances. The building received Milgard insulated window replacements in 2017. 4 Off-street parking spots. The building is steps from the charming cafes, restaurants & shops of the 15th Ave retail corridor. Current rents are well below market & 2 units will be delivered vacant...Capitol Hill 5 unit west facing towards Seven Hills Park across the street, features good natural light exposure & views from the top floor. Units have received updates on turnover with most units receiving laminate floors & appliances. The building received Milgard insulated window replacements in 2017. 4 Off-street parking spots. The building is steps from the charming cafes, restaurants & shops of the 15th Ave retail corridor. Current rents are well below market & 2 units will be delivered vacant allowing investors to reset rents or commence updates upon closing or convert to SFR. A desirable location that provides a high quality of living experience, 1806 16th Ave offers significant operational upside within the Seattle core.
- Listed by Daniel Lim • Lee & Associates Commercial RE
- Listed by Candice Chevaillier • Lee & Associates Commercial RE
Property Details for 1806 16th Avenue
Community Name
Capitol Hill
School DistrictSeattle
ViewCity
Number of Assigned Spaces4
Total Covered Parking0
Entry Date02-29-2024
Energy SourceElectric,Natural Gas
SewerSewer Connected
Location
Listing Courtesy of Lee & Associates Commercial RE![]()
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LISTING UPDATED: 04/16/2024 09:25 AM
Property Details for 1806 16th Avenue
| Status | Pending |
|---|---|
| MLS # | 2205242 |
| Days on Market | 45 |
| Cumulative Days on Market | 46 |
| Taxes | $15,087 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1906 |
| Lot Size | 0.11 AC / 4,980 SF |
| County | King County |
Location
Listing Courtesy of Lee & Associates Commercial RE![]()
Add your commute
Building Information for 1806 16th Avenue
Stories3Residences5Year Built1906Building Size-Lot Size0.11 AC / 4,980 SF
Payment Calculator
$9,432 per month
30 year fixed, 7.25% Interest
Principal and Interest
$8,175
Property Taxes
$1,257
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1806 16th Avenue
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Area: 390 - Central Seattle
- Directions: Headed east on E Thomas, right on 16th, 3 blocks south.
- Leased Items: Washer/Dryer
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 4.0
- Open Parking: Yes
Virtual Tour
- Virtual Tour URL Unbranded: http://www.lee-associates.com/northwest/properties/?propertyId=1320916-sale&address=1806-16th-Ave&officeId=2085
- Virtual Tour URL Description: Property Website
Interior and Exterior Features
Interior Features
- Floor Covering: See Remarks, Vinyl, Carpet
- Features: Wall to Wall Carpet
- Amenities: Basement,Coin Op Laundry,Thermal Windows
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
Exterior Features
- Exterior: Metal/Vinyl
- Roof: Composition
Property
Utilities
- Water/Sewer/Garbage: 5500
- Power Production Type: Electric, Natural Gas
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- First Right Of Refusal: false
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 14
Lot Information
- Lot Details: Adjacent to Public Land, Alley, Sidewalk
- Lot Size Source: County
- Parcel Number Free Text: 8080400180
- Calculated Square Footage: 2600
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2600.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
- Green Energy Efficient: Thermal Windows
Multi Family
Building Details
- Number of Uncovered Spaces: 4
- Number of Stories in Building: 3
- Vacancy Rate: 5
- Number Of Units Total: 5
- Units Below Grade: false
- Units In Building Total: 5
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 35535
- Gross Adjusted Income: 95115
- Gross Rent Multiplier: 20.7
- Gross Scheduled Income: $99,570
- Insurance Expense: $2,942
- Net Operating Income: $59,580
- Other Expenses: $12,006
- Total Monthly Income: 6290
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 900
- Rent Unit 1: $1,750.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 400
- Rent Unit 2: $1,200.00
- Bedrooms Unit 2: 0
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 400
- Rent Unit 3: $1,250.00
- Bedrooms Unit 3: 0
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: false
- Square Feet Unit 4: 500
- Rent Unit 4: $1,350.00
- Bedrooms Unit 4: 1
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 5
- Washer/Dryer Unit 5: false
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: false
- Square Feet Unit 5: 400
- Rent Unit 5: $475.00
- Bedrooms Unit 5: 0
- Fireplaces Unit 5: 0
- Bathrooms Unit 5: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2600.0
- Leasable Area Units: Square Feet
Property History for 1806 16th Avenue
| 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 1806 16th Avenue
Taxable ValueLand$1,145,400Additions$407,600Total$1,553,000
Tax Record2022$13,222 ($1,102 / month)
Home Facts
Total Finished SqFt3,325 SqFtAbove Ground SqFt3,325 SqFtStories3Lot Size4,980 SqFtStyleMulti-Family Dwelling (2-4)Year Built1906Year Renovated1980ZoningLR3 (M)CountyKINGAPN808040-0180
Schools near 1806 16th Avenue
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 - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Stevens Elementary School PublicK to 5 | ||
Edmonds S. Meany Middle School Public6 to 8 | ||
Garfield High School Public9 to 12 | ||
Seattle World School Public6 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 Lee & Associates Commercial RE
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.