2337 Northeast 55th Street
2337 Northeast 55th Street
Seattle, WA 98105
$1,600,000
Last Sold Price
10
Beds
7
Baths
4,900 Sq. Ft.
$327 / Sq. Ft.
4,900
Sq. Ft.
$327
per Sq. Ft.
Sold 2/1/23
Sold 2/1/23
Listing provided courtesy of Lee & Associates Commercial RE, RSVP Real Estate-ERA Powered
Description
Located across the street from Ravenna Park, the Parkside features 7 large 1 & 2 bedroom units averaging 700 sf. Originally constructed in 1954 on a 7,197 sf LR3RC (M) zone lot, Parkside received updates over the years including a tile roof replacement, vinyl window replacements, and a newer boiler and central hot water systems. Current onsite parking is available for seven vehicles. Perfectly situated near, work, school and play, The Parkside Apartments offers investors the opportunity to acquire...Located across the street from Ravenna Park, the Parkside features 7 large 1 & 2 bedroom units averaging 700 sf. Originally constructed in 1954 on a 7,197 sf LR3RC (M) zone lot, Parkside received updates over the years including a tile roof replacement, vinyl window replacements, and a newer boiler and central hot water systems. Current onsite parking is available for seven vehicles. Perfectly situated near, work, school and play, The Parkside Apartments offers investors the opportunity to acquire a stabilized asset with the ability to increase performance in the near term by recapturing significant loss-to-lease from below market rents. Additional lift can be achieved by implementing a full value-add program and renovating the units.
- Listed by Christopher Larsen • Lee & Associates Commercial RE
- Listed by Daniel Lim • Lee & Associates Commercial RE
Property Details for 2337 Northeast 55th Street
Community Name
Ravenna
School DistrictSeattle
ViewTerritorial
Number of Assigned Spaces7
Total Covered Parking1
Entry Date11-07-2022
Energy SourceNatural Gas
SewerSewer Connected
Location
Listing Courtesy of Lee & Associates Commercial RE![]()
Sold By RSVP Real Estate-ERA Powered
Add your commute
LISTING UPDATED: 02/03/2023 01:01 PM
Property Details for 2337 Northeast 55th Street
| Status | Sold |
|---|---|
| MLS # | 2014899 |
| Days on Market | 22 |
| Cumulative Days on Market | 78 |
| Taxes | $19,482 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1954 |
| Lot Size | 0.17 AC / 7,197 SF |
| County | King County |
Location
Listing Courtesy of Lee & Associates Commercial RE![]()
Sold By RSVP Real Estate-ERA Powered
Add your commute
Building Information for 2337 Northeast 55th Street
Stories2Residences7Year Built1954Building Size-Lot Size0.17 AC / 7,197 SF
Payment Calculator
$10,355 per month
30 year fixed, 7.25% Interest
Principal and Interest
$8,732
Property Taxes
$1,624
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 2337 Northeast 55th Street
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Area: 710 - North Seattle
- Effective Year Built Source: Public Records
- Directions: Heading north on 25th Ave NE right on NE 55th St 2nd building on left.
- Leased Items: Washer/Dryer
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2022
- Additional Tax Ids: 717270-0036
Parking
- Number of Carport Spaces: 3.0
- Carport: No
- Open Parking Spaces: 3.0
- Open Parking: Yes
Virtual Tour
- Virtual Tour URL Unbranded: http://www.lee-associates.com/northwest/properties/?propertyId=888432-sale&address=2337-NE-55th-St&o
- Virtual Tour URL Description: Property Website
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Hardwood, Laminate, Carpet
- Features: Hardwood, Laminate, Wall to Wall Carpet
- Amenities: Coin Op Laundry,See Remarks,Thermal Windows
- Fireplace: No
- Heating: Yes
- FIRPTA: No
Exterior Features
- Exterior: Brick, Wood
- Roof: Tile
Property
Utilities
- Heating and Cooling: Radiant
- Water/Sewer/Garbage: 10595
- Power Production Type: Natural Gas
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- First Right Of Refusal: false
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1996
- Photos Count: 11
Lot Information
- Lot Details: Paved, Sidewalk
- Lot Size Source: King County Parcel Viewer
- Parcel Number Free Text: 7172700036
- Building Condition: Good
- Calculated Square Footage: 4900
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 4900.0
- 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: 3
- Number of Stories in Building: 2
- Vacancy Rate: 5
- Number Of Units Total: 7
- Units Below Grade: false
- Units In Building Total: 7
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 48505
- Gross Adjusted Income: 119185
- Gross Rent Multiplier: 14.2
- Gross Scheduled Income: $123,000
- Insurance Expense: $2,800
- Net Operating Income: $70,680
- Other Expenses: $15,628
- Total Monthly Income: 9932
- Fuel Expense: $0
Unit 1
- Name Unit 1: 2333
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 800
- Rent Unit 1: $1,300.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2333.5
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 650
- Rent Unit 2: $1,550.00
- Bedrooms Unit 2: 1
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 2335
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 800
- Rent Unit 3: $1,925.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 2337
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: false
- Square Feet Unit 4: 800
- Rent Unit 4: $1,300.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 2412
- Washer/Dryer Unit 5: false
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: false
- Square Feet Unit 5: 600
- Rent Unit 5: $1,230.00
- Bedrooms Unit 5: 1
- Fireplaces Unit 5: 0
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 2414
- Washer/Dryer Unit 6: false
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: false
- Square Feet Unit 6: 625
- Rent Unit 6: $1,595.00
- Bedrooms Unit 6: 1
- Fireplaces Unit 6: 0
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 2416
- Washer/Dryer Unit 7: false
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Dishwasher Unit 7: false
- Square Feet Unit 7: 625
- Rent Unit 7: $1,350.00
- Bedrooms Unit 7: 1
- Fireplaces Unit 7: 0
- Bathrooms Unit 7: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 4900.0
- Leasable Area Units: Square Feet
Property History for 2337 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 2337 Northeast 55th Street
Taxable ValueLand$1,871,200Additions$350,800Total$2,222,000
Tax Record2022$19,195 ($1,600 / month)
Home Facts
Total Finished SqFt5,033 SqFtAbove Ground SqFt5,033 SqFtStories2Lot Size7,197 SqFtStyleMulti-Family Dwelling (2-4)Year Built1954Year Renovated1996ZoningLR3 RC (M)CountyKINGAPN717270-0036
Schools near 2337 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.