1812 North 40th Street
1812 North 40th Street
Seattle, WA 98103
$1,270,000
Last Sold Price
9
Beds
3
Baths
2,670 Sq. Ft.
$476 / Sq. Ft.
2,670
Sq. Ft.
$476
per Sq. Ft.
Sold 1/24/22
Sold 1/24/22
Listing provided courtesy of Keller Williams Realty Bothell, WPI Real Estate Services, Inc.
Description
Investor Alert! 5.81% Cap Rate Triplex opportunity in the heart of Wallingford! Never a vacancy & never a missed rent payment! Leases good thru 8/31/22 Ea unit consists of 3 bed 1 bath approx. 890sf. Off street parking. Completed major upgrades include new water line from the street, all new plumbing, new sewer line, electrical updated and balanced, new storage unit with common W/D, new roof, windows & gutters, new concrete driveway & sidewalk, new patio w/ fire pit, BBQ, new toilets & sinks, garbage...Investor Alert! 5.81% Cap Rate Triplex opportunity in the heart of Wallingford! Never a vacancy & never a missed rent payment! Leases good thru 8/31/22 Ea unit consists of 3 bed 1 bath approx. 890sf. Off street parking. Completed major upgrades include new water line from the street, all new plumbing, new sewer line, electrical updated and balanced, new storage unit with common W/D, new roof, windows & gutters, new concrete driveway & sidewalk, new patio w/ fire pit, BBQ, new toilets & sinks, garbage disposals, new granite counter tops & new flooring in some areas. Excellent location near the University of Washington, Green Lake, Gas Works, Burke-Gilman Trail. Walking distance to the waterfront, shops & restaurants. Walking score of 92.
- Listed by Corey Crain • Keller Williams Realty Bothell
Property Details for 1812 North 40th Street
Community Name
Wallingford
School DistrictSeattle
ViewTerritorial
Number of Assigned Spaces3
Total Covered Parking0
Entry Date10-07-2021
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Keller Williams Realty Bothell![]()
Sold By WPI Real Estate Services, Inc.
Add your commute
LISTING UPDATED: 02/08/2022 11:19 AM
Property Details for 1812 North 40th Street
| Status | Sold |
|---|---|
| MLS # | 1850809 |
| Days on Market | 93 |
| Cumulative Days on Market | 921 |
| Taxes | $7,730 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1923 |
| Lot Size | 0.07 AC / 2,880 SF |
| County | King County |
Location
Listing Courtesy of Keller Williams Realty Bothell![]()
Sold By WPI Real Estate Services, Inc.
Add your commute
Building Information for 1812 North 40th Street
Stories3Residences3Year Built1923Building Size-Lot Size0.07 AC / 2,880 SF
Payment Calculator
$7,575 per month
30 year fixed, 7.25% Interest
Principal and Interest
$6,931
Property Taxes
$644
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1812 North 40th Street
Summary
Location and General Information
- Style: 53 - Tri-plex
- Area: 705 - Ballard/Greenlake
- Effective Year Built Source: Public Records
- Directions: I5 head W. North on 45th St. South on Wallingford Ave N. East on N. 40th Street.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2021
- Additional Tax Ids: 4083302070
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 3.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Softwood, Vinyl
- Features: Fir/Softwood
- Fireplace: No
- Heating: Yes
Exterior Features
- Exterior: Wood
- Roof: Composition
Property
Utilities
- Electric On Property: No
- Heating and Cooling: Baseboard
- Water Source: Public
- Water/Sewer/Garbage: 7200
- Power Company: Seattle
- Sewer Company: Seattle
- Water Company: Seattle
- Power Production Type: Electric
- Utilities: Sewer Connected, Electricity Available
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1923
- Photos Count: 18
Lot Information
- Lot Details: Curbs, Paved, Sidewalk
- Lot Size Source: Realist
- Parcel Number Free Text: 4083302070
- Building Condition: Good
- Calculated Square Footage: 2670
- Structure Type: Triplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2670.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 3
- Number of Stories in Building: 3
- Vacancy Rate: 2
- Number Of Units Total: 3
- Units Below Grade: true
- Units In Building Total: 3
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 17401
- Gross Adjusted Income: 92904
- Gross Rent Multiplier: 7
- Gross Scheduled Income: $94,800
- Insurance Expense: $971
- Net Operating Income: $75,503
- Other Expenses: $1,500
- Total Monthly Income: 7900
- Fuel Expense: $0
Unit 1
- Name Unit 1: A
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Rent Unit 1: $2,200.00
- Bedrooms Unit 1: 3
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: B
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Rent Unit 2: $2,500.00
- Bedrooms Unit 2: 3
- Fireplaces Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: C
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Rent Unit 3: $2,200.00
- Bedrooms Unit 3: 3
- Bathrooms Unit 3: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2670.0
- Leasable Area Units: Square Feet
Property History for 1812 North 40th 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 1812 North 40th Street
Taxable ValueLand$340,000Additions$649,000Total$989,000
Tax Record2022$8,392 ($699 / month)
Home Facts
Baths2.5Total Finished SqFt3,710 SqFtAbove Ground SqFt2,670 SqFtFinished Basement SqFt1,040 SqFtStories2Lot Size2,880 SqFtStyleTriplexYear Built1923ZoningNR3CountyKINGAPN408330-2070Fireplace TypeHas Fireplace
Schools near 1812 North 40th Street
This home is within Seattle Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
B F Day Elementary School PublicPK to 5 | ||
Hamilton International Middle School Public6 to 8 | ||
Lincoln High School Public9 to 12 | ||
John Stanford International 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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Listing Courtesy of Keller Williams Realty Bothell
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.