2460 Northeast Northgate Way
2460 Northeast Northgate Way
Seattle, WA 98125
$2,190,000
Price
6
Beds
10
Baths
5,800 Sq. Ft.
$378 / Sq. Ft.
5,800
Sq. Ft.
$378
per Sq. Ft.
Listing provided courtesy of Keller Williams Seattle Metro
Description
This boutique 10 unit apartment checks all the boxes with its ideal location, mid-mod vibes, ample parking & strong cash flow. Fully stabilized with updated units, market rents & excellent professional management! Offered at a true 6.4% Cap Rate! A good unit mix of 2 beds, 1 beds, studios plus easy access to Northgate & Lake City Way attract solid commuter tenants. All units were remodeled to the studs with sleek new kitchens, baths, SS appliances, tile backsplash & pops of chic Hawaiian themed touches....This boutique 10 unit apartment checks all the boxes with its ideal location, mid-mod vibes, ample parking & strong cash flow. Fully stabilized with updated units, market rents & excellent professional management! Offered at a true 6.4% Cap Rate! A good unit mix of 2 beds, 1 beds, studios plus easy access to Northgate & Lake City Way attract solid commuter tenants. All units were remodeled to the studs with sleek new kitchens, baths, SS appliances, tile backsplash & pops of chic Hawaiian themed touches. Recent CapX includes new windows, 30 year TPO roof & updated plumbing throughout. Coin Op laundry provides additional income. In a world of bland & drab apartment buildings-be an Aloha House... don't miss this unique turnkey investment!
- Listed by Charles Burnett • Keller Williams Seattle Metro
- Listed by Chelsea Shapiro • Keller Williams Seattle Metro
Property Details for 2460 Northeast Northgate Way
Community Name
Seattle
School DistrictSeattle
ViewCity
Number of Assigned Spaces8
Total Covered Parking0
Entry Date03-07-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Keller Williams Seattle Metro![]()
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LISTING UPDATED: 04/09/2024 03:19 PM
Property Details for 2460 Northeast Northgate Way
| Status | Active |
|---|---|
| MLS # | 2206896 |
| Days on Market | 56 |
| Cumulative Days on Market | 56 |
| Taxes | $17,536 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1962 |
| Lot Size | 0.18 AC / 8,000 SF |
| County | King County |
Location
Listing Courtesy of Keller Williams Seattle Metro![]()
Add your commute
Building Information for 2460 Northeast Northgate Way
Stories2Residences10Year Built1962Building Size-Lot Size0.18 AC / 8,000 SF
Payment Calculator
$13,413 per month
30 year fixed, 7.25% Interest
Principal and Interest
$11,952
Property Taxes
$1,461
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 2460 Northeast Northgate Way
Summary
Location and General Information
- Style: 56 - 10+ Units
- Area: 710 - North Seattle
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Effective Year Built Source: Public Records
- Directions: From S. Seattle, head N on I-5, and take exit 171 for WA-522 E. Keep N and merge left onto 24th Ave NE, then turn right to NE Northgate Way. Property will be on your left.
- Leased Items: Washer/Dryer
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
- Additional Tax Ids: 8902500007
Parking
- Number of Carport Spaces: 2.0
- Carport: No
- Open Parking Spaces: 6.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Floor Covering: Bamboo/Cork, Concrete, Engineered Hardwood, Laminate
- Features: Bamboo/Cork, Concrete, Laminate Hardwood
- Amenities: Coin Op Laundry,Storage,Thermal Windows
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Cement/Concrete, Stucco
- Roof: Flat
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 9240
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Commercial,Multi-Family,Residential
- First Right Of Refusal: false
- Possible Use: Commercial, Multi-Family, Residential
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1993
- Photos Count: 39
Lot Information
- Lot Details: Paved, Sidewalk
- Lot Size Source: Realist
- Parcel Number Free Text: 8902500007
- Building Condition: Good
- Calculated Square Footage: 5800
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 5800.0
- 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: 6
- Number of Stories in Building: 2
- Vacancy Rate: 2
- Number Of Units Total: 10
- Units Below Grade: false
- Units In Building Total: 10
Financing / Income and Expenses
- Electric Expense: $1,424
- Total Expenses: 46625
- Gross Adjusted Income: 186032
- Gross Rent Multiplier: 12
- Gross Scheduled Income: $189,792
- Insurance Expense: $2,350
- Net Operating Income: $139,406
- Other Expenses: $16,075
- Total Monthly Income: 15816
- 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: true
- Square Feet Unit 1: 450
- Rent Unit 1: $1,392.00
- Bedrooms Unit 1: 0
- 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: true
- Square Feet Unit 2: 450
- Rent Unit 2: $1,475.00
- Bedrooms Unit 2: 0
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 6
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 700
- Rent Unit 3: $1,737.00
- Bedrooms Unit 3: 1
- 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: true
- Square Feet Unit 4: 450
- Rent Unit 4: $1,437.00
- Bedrooms Unit 4: 0
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 7
- Washer/Dryer Unit 5: false
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: true
- Square Feet Unit 5: 700
- Rent Unit 5: $1,587.00
- Bedrooms Unit 5: 1
- Fireplaces Unit 5: 0
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 5
- Washer/Dryer Unit 6: false
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: true
- Square Feet Unit 6: 450
- Rent Unit 6: $1,450.00
- Bedrooms Unit 6: 0
- Fireplaces Unit 6: 0
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 3
- Washer/Dryer Unit 7: true
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Dishwasher Unit 7: true
- Square Feet Unit 7: 450
- Rent Unit 7: $1,380.00
- Bedrooms Unit 7: 0
- Fireplaces Unit 7: 0
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 8
- Washer/Dryer Unit 8: false
- Range/Oven Unit 8: true
- Refrigerator Unit 8: true
- Dishwasher Unit 8: true
- Square Feet Unit 8: 700
- Rent Unit 8: $1,655.00
- Bedrooms Unit 8: 1
- Fireplaces Unit 8: 0
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: 9
- Washer/Dryer Unit 9: false
- Range/Oven Unit 9: true
- Refrigerator Unit 9: true
- Dishwasher Unit 9: true
- Square Feet Unit 9: 700
- Rent Unit 9: $1,723.00
- Bedrooms Unit 9: 1
- Fireplaces Unit 9: 0
- Bathrooms Unit 9: 1
Unit 10
- Name Unit 10: 10
- Washer/Dryer Unit 10: false
- Range/Oven Unit 10: true
- Refrigerator Unit 10: true
- Dishwasher Unit 10: true
- Square Feet Unit 10: 850
- Rent Unit 10: $1,828.00
- Bedrooms Unit 10: 2
- Fireplaces Unit 10: 0
- Bathrooms Unit 10: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 5800.0
- Leasable Area Units: Square Feet
Property History for 2460 Northeast Northgate Way
| 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 2460 Northeast Northgate Way
Taxable ValueLand$456,000Additions$1,546,000Total$2,002,000
Tax Record2022$17,536 ($1,461 / month)
Home Facts
Total Finished SqFt5,800 SqFtAbove Ground SqFt5,800 SqFtStories2Lot Size8,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1962Year Renovated1993ZoningNC3-40 (M)CountyKINGAPN890250-0007
Schools near 2460 Northeast Northgate Way
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 8 |
Rating | School | Distance |
|---|---|---|
Sacajawea Elementary School PublicPK to 5 | ||
Jane Addams Middle School Public6 to 8 | ||
Nathan Hale High School Public9 to 12 | ||
Hazel Wolf K-8 PublicK to 8 |
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 Keller Williams Seattle Metro
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.