2321 Northeast 55th Street
2321 Northeast 55th Street
Seattle, WA 98105
$2,250,000
Last Sold Price
11
Beds
8
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Sold 7/17/23
Sold 7/17/23
Listing provided courtesy of Lee & Associates Commercial RE, WeLakeside
Description
Situated across the street from Ravenna Park on a 7,675 sf LR3 RC (M) zone lot, the Parkway offers a diverse unit mix of four 2-beds, three 1-beds and one studio unit. These classic mid-century floorplans feature an average unit size of 731 sf. The building has received updates over the years including a full tile roof replacement and vinyl window replacements. Onsite parking to accommodate six vehicles includes four secured garage spaces. Potential to incorporate the current garage spaces into rentable...Situated across the street from Ravenna Park on a 7,675 sf LR3 RC (M) zone lot, the Parkway offers a diverse unit mix of four 2-beds, three 1-beds and one studio unit. These classic mid-century floorplans feature an average unit size of 731 sf. The building has received updates over the years including a full tile roof replacement and vinyl window replacements. Onsite parking to accommodate six vehicles includes four secured garage spaces. Potential to incorporate the current garage spaces into rentable square footage may exist. Ideally situated near work, school and play, the Parkway appeals to multiple investment strategies including value add repositions, adding net rentable, development potential, & opportunities abound.
- Listed by Daniel Lim • Lee & Associates Commercial RE
- Listed by Christopher Larsen • Lee & Associates Commercial RE
Property Details for 2321 Northeast 55th Street
Community Name
Ravenna
School DistrictSeattle
ViewMountain(s), Partial, Territorial
Number of Assigned Spaces6
Total Covered Parking4
Entry Date01-26-2023
Energy SourceElectric,Natural Gas
SewerSewer Connected
Location
Listing Courtesy of Lee & Associates Commercial RE![]()
Sold By WeLakeside
Add your commute
LISTING UPDATED: 07/18/2023 04:59 PM
Property Details for 2321 Northeast 55th Street
| Status | Sold |
|---|---|
| MLS # | 2030689 |
| Days on Market | 88 |
| Cumulative Days on Market | 336 |
| Taxes | $21,604 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1955 |
| Lot Size | 0.18 AC / 7,675 SF |
| County | King County |
Location
Listing Courtesy of Lee & Associates Commercial RE![]()
Sold By WeLakeside
Add your commute
Building Information for 2321 Northeast 55th Street
Stories3Residences8Year Built1955Building Size-Lot Size0.18 AC / 7,675 SF
Payment Calculator
$14,080 per month
30 year fixed, 7.25% Interest
Principal and Interest
$12,279
Property Taxes
$1,800
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 2321 Northeast 55th Street
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Area: 710 - North Seattle
- Elementary School: Seattle Public Sch
- Middle Or Junior School: Seattle Public Sch
- High School: Seattle Public Sch
- Effective Year Built Source: Public Records
- Directions: When heading north on Montlake Blvd NE, turn left onto 25th Ave NE. From there, turn left onto NE 55th St
- 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: 2.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Carpet
- Features: Radiator, Wall to Wall Carpet
- Amenities: Coin Op Laundry,See Remarks,Storage
- Cooling: Yes
- Fireplace: No
- Heating: Yes
- FIRPTA: No
Exterior Features
- Exterior: Brick
- Roof: Tile
Property
Utilities
- Water Source: Community
- Water/Sewer/Garbage: 9600
- Power Company: Seattle City Light
- Sewer Company: Seattle Public Utilities
- Power Production Type: Electric, Natural Gas
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- 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: 1987
- Photos Count: 18
Lot Information
- Lot Details: Adjacent to Public Land, Paved, Sidewalk
- Lot Size Source: Public Record
- Parcel Number Free Text: 7172700037
- Calculated Square Footage: 0
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 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: 3
- Vacancy Rate: 5
- Number Of Units Total: 8
- Units Below Grade: false
- Units In Building Total: 8
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 56143
- Gross Adjusted Income: 163077
- Gross Rent Multiplier: 13.7
- Gross Scheduled Income: $171,660
- Insurance Expense: $3,200
- Net Operating Income: $122,630
- Other Expenses: $21,739
- Total Monthly Income: 15613
- Fuel Expense: $0
Unit 1
- Name Unit 1: 2325
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 863
- Rent Unit 1: $2,050.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2323
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 605
- Rent Unit 2: $1,525.00
- Bedrooms Unit 2: 1
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 2321
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 463
- Rent Unit 3: $1,375.00
- Bedrooms Unit 3: 0
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 2319
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: false
- Square Feet Unit 4: 635
- Rent Unit 4: $1,600.00
- Bedrooms Unit 4: 1
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 2317
- Washer/Dryer Unit 5: false
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: false
- Square Feet Unit 5: 878
- Rent Unit 5: $2,050.00
- Bedrooms Unit 5: 2
- Fireplaces Unit 5: 0
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 2315
- Washer/Dryer Unit 6: false
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: true
- Square Feet Unit 6: 708
- Rent Unit 6: $1,800.00
- Bedrooms Unit 6: 1
- Fireplaces Unit 6: 0
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 2313
- Washer/Dryer Unit 7: false
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Dishwasher Unit 7: false
- Square Feet Unit 7: 894
- Rent Unit 7: $2,100.00
- Bedrooms Unit 7: 2
- Fireplaces Unit 7: 0
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 2311
- Washer/Dryer Unit 8: false
- Range/Oven Unit 8: true
- Refrigerator Unit 8: true
- Dishwasher Unit 8: false
- Square Feet Unit 8: 800
- Rent Unit 8: $1,950.00
- Bedrooms Unit 8: 2
- Fireplaces Unit 8: 0
- Bathrooms Unit 8: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 5846.0
- Leasable Area Units: Square Feet
Property History for 2321 Northeast 55th 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 2321 Northeast 55th Street
Taxable ValueLand$1,995,500Additions$436,500Total$2,432,000
Tax Record2022$20,975 ($1,748 / month)
Home Facts
Total Finished SqFt6,176 SqFtAbove Ground SqFt6,176 SqFtStories2Lot Size7,675 SqFtStyleMulti-Family Dwelling (2-4)Year Built1955Year Renovated1987ZoningLR3 RC (M)CountyKINGAPN717270-0037
Schools near 2321 Northeast 55th Street
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 |
|---|---|---|
Bryant Elementary School PublicK to 5 | ||
Eckstein Middle School Public6 to 8 | ||
Roosevelt High School Public9 to 12 | ||
McDonald International 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 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.