1925 4th Avenue West
1925 4th Avenue West
Seattle, WA 98119
$2,200,000
Price
6
Beds
3
Baths
3,310 Sq. Ft.
$665 / Sq. Ft.
3,310
Sq. Ft.
$665
per Sq. Ft.
Listing provided courtesy of Paragon Real Estate Advisors
Description
The triplex consists of 3 – 2 bedroom/1 bathroom units that have all been updated since 2018. On the 7,200 SqFt lot, there is a front and backyard, 3 off-street parking spaces, and a 2-car garage that has had its roof replaced. The plumbing systems have been updated with a mix of copper and PEX but there is a small amount of original galvanized pipe. This property has been passively managed for the last few years and is ready for a new owner to take it to the next level. Rents are significantly below...The triplex consists of 3 – 2 bedroom/1 bathroom units that have all been updated since 2018. On the 7,200 SqFt lot, there is a front and backyard, 3 off-street parking spaces, and a 2-car garage that has had its roof replaced. The plumbing systems have been updated with a mix of copper and PEX but there is a small amount of original galvanized pipe. This property has been passively managed for the last few years and is ready for a new owner to take it to the next level. Rents are significantly below market, but all tenants are on month-to-month leases. The top floor unit can be vacant at closing, creating a great opportunity for an owner-user. Potential to add another unit or expand the top unit (buyer to verify).
- Listed by Ben Douglas • Paragon Real Estate Advisors
- Listed by Michael Urquhart • Paragon Real Estate Advisors
Property Details for 1925 4th Avenue West
Community Name
Queen Anne
School DistrictSeattle
Number of Assigned Spaces3
Total Covered Parking0
Entry Date04-09-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Paragon Real Estate Advisors![]()
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LISTING UPDATED: 04/10/2024 11:52 AM
Property Details for 1925 4th Avenue West
| Status | Active |
|---|---|
| MLS # | 2220598 |
| Days on Market | 21 |
| Cumulative Days on Market | 20 |
| Taxes | $13,581 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1963 |
| Lot Size | 0.17 AC / 7,200 SF |
| County | King County |
Location
Listing Courtesy of Paragon Real Estate Advisors![]()
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Building Information for 1925 4th Avenue West
Stories2Residences3Year Built1963Building Size-Lot Size0.17 AC / 7,200 SF
Payment Calculator
$13,138 per month
30 year fixed, 7.25% Interest
Principal and Interest
$12,006
Property Taxes
$1,132
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1925 4th Avenue West
Summary
Location and General Information
- Style: 53 - Tri-plex
- Area: 700 - Queen Anne/Magnolia
- Directions: From Downtown Seattle, Take 1st Ave and Queen Anne Ave N to W Howe St. Continue on W Howe St. Drive to 4th Ave W.
- 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: 3.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
Exterior Features
- Exterior: Wood
- Roof: Built-Up
Property
Utilities
- Water/Sewer/Garbage: 4564
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 19
Lot Information
- Lot Size Source: King County
- Parcel Number Free Text: 2397101065
- Calculated Square Footage: 3310
- Structure Type: Triplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3310.0
- 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: 2
- Vacancy Rate: 5
- Number Of Units Total: 3
- Units Below Grade: true
- Units In Building Total: 3
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 22913
- Gross Adjusted Income: 67830
- Gross Rent Multiplier: 30.81
- Gross Scheduled Income: $71,400
- Insurance Expense: $2,518
- Net Operating Income: $44,917
- Other Expenses: $2,250
- Total Monthly Income: 5950
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 1100
- Rent Unit 1: $1,800.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 1100
- Rent Unit 2: $1,800.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 1110
- Rent Unit 3: $2,350.00
- Bedrooms Unit 3: 2
- Bathrooms Unit 3: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3310.0
- Leasable Area Units: Square Feet
Property History for 1925 4th 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.
Public Records for 1925 4th Avenue West
Taxable ValueLand$1,165,000Additions$347,000Total$1,512,000
Tax Record2022$27,008 ($2,251 / month)
Home Facts
Baths3Total Finished SqFt4,600 SqFtAbove Ground SqFt3,310 SqFtFinished Basement SqFt1,290 SqFtStories1Lot Size7,200 SqFtStyleTriplexYear Built1963ZoningNR3CountyKINGAPN239710-1065Fireplace TypeHas Fireplace
Schools near 1925 4th 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 |
|---|---|---|
Coe 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.
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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 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.