3421 14th Avenue West

Seattle, WA 98119

$2,400,000
Last Sold Price
11
Beds
11
Baths
7,468 Sq. Ft.
$321 / Sq. Ft.
7,468
Sq. Ft.
$321
per Sq. Ft.

Description

Positioned in Seattle’s desirable North Queen Anne neighborhood, Posada Apartments is within walking distance of Seattle Pacific University and is an easy commute to South Lake Union and Downtown Seattle with their many prestigious employers. Posada Apartments’ 11 units offer a new investor the likely opportunity for significant upside in the form of increased rents and monthly charges for laundry, utilities, and parking, as well as the option to build out one down unit to begin collecting even more...Positioned in Seattle’s desirable North Queen Anne neighborhood, Posada Apartments is within walking distance of Seattle Pacific University and is an easy commute to South Lake Union and Downtown Seattle with their many prestigious employers. Posada Apartments’ 11 units offer a new investor the likely opportunity for significant upside in the form of increased rents and monthly charges for laundry, utilities, and parking, as well as the option to build out one down unit to begin collecting even more rent. With desirable features including nine parking spaces, on-site laundry, storage, and several remodeled units, Posada Apartments is an excellent investment opportunity.
  1. Listed by Dan Swanson • Kidder Mathews

Property Details for 3421 14th Avenue West

Community Name
Queen Anne
School District
Seattle
View
Partial
Number of Assigned Spaces
9
Total Covered Parking
0
Entry Date
06-07-2022
Energy Source
Electric
Sewer
Sewer Connected

Location

Listing Courtesy of Kidder Mathews

Sold By ZNonMember-Office-MLS

Add your commute
LISTING UPDATED: 11/30/2022 02:41 PM

Property Details for 3421 14th Avenue West

StatusSold
MLS #1947835
Days on Market72
Cumulative Days on Market549
Taxes$21,296 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1945
Lot Size0.21 AC / 9,000 SF
CountyKing County

Location

Listing Courtesy of Kidder Mathews

Sold By ZNonMember-Office-MLS

Add your commute

Building Information for 3421 14th Avenue West

Stories2Residences11Year Built1945Building Size-Lot Size0.21 AC / 9,000 SF

Payment Calculator

$14,872 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,098

Property Taxes

$1,775

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3421 14th Avenue West

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 700 - Queen Anne/Magnolia
  • Elementary School: Frantz Coe Elementary
  • Middle Or Junior School: Mc Clure Mid
  • High School: Lincoln High
  • Directions: Just north of the intersection of W Bertona Street and 14th Avenue W. Also accessible via the alley between 14th Ave W and 15th Ave W.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2022
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 9.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Features: Forced Air
  • Amenities: Coin Op Laundry,Storage,Thermal Windows
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Metal/Vinyl, Wood
  • Roof: Composition, Flat
Property
Utilities
  • Heating and Cooling: Baseboard,Forced Air
  • Water Source: Public
  • Water/Sewer/Garbage: 12232
  • Power Production Type: Electric
  • Utilities: Sewer Connected, Electricity Available
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete, Slab
  • Zoning Class: Multi-Family
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 19
Lot Information
  • Lot Details: Alley, Curbs, Paved, Sidewalk
  • Lot Size Source: county
  • Parcel Number Free Text: 2770603505
  • Calculated Square Footage: 7468
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 7468.0
  • 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: 9
  • Number of Stories in Building: 2
  • Vacancy Rate: 5
  • Number Of Units Total: 11
  • Units Below Grade: false
  • Units In Building Total: 11
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 70322
  • Gross Adjusted Income: 156192
  • Gross Rent Multiplier: 16
  • Gross Scheduled Income: $164,413
  • Insurance Expense: $7,500
  • Net Operating Income: $85,870
  • Other Expenses: $29,294
  • Total Monthly Income: 13701
  • 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: 499
  • Rent Unit 1: $1,250.00
  • Bedrooms Unit 1: 1
  • 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: false
  • Square Feet Unit 2: 510
  • Rent Unit 2: $.00
  • Bedrooms Unit 2: 1
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 509
  • Rent Unit 3: $1,250.00
  • 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: 507
  • Rent Unit 4: $1,300.00
  • Bedrooms Unit 4: 1
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 5
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: false
  • Square Feet Unit 5: 512
  • Rent Unit 5: $1,250.00
  • Bedrooms Unit 5: 1
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 6
  • Washer/Dryer Unit 6: false
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: false
  • Square Feet Unit 6: 520
  • Rent Unit 6: $1,700.00
  • Bedrooms Unit 6: 2
  • Fireplaces Unit 6: 0
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 7
  • Washer/Dryer Unit 7: false
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: false
  • Square Feet Unit 7: 644
  • Rent Unit 7: $1,700.00
  • Bedrooms Unit 7: 2
  • 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: false
  • Square Feet Unit 8: 411
  • Rent Unit 8: $900.00
  • Bedrooms Unit 8: 0
  • 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: false
  • Square Feet Unit 9: 441
  • Rent Unit 9: $995.00
  • Bedrooms Unit 9: 0
  • Fireplaces Unit 9: 0
  • Bathrooms Unit 9: 1
Unit 10
  • Name Unit 10: 3419
  • Washer/Dryer Unit 10: false
  • Range/Oven Unit 10: true
  • Refrigerator Unit 10: true
  • Dishwasher Unit 10: true
  • Square Feet Unit 10: 1042
  • Rent Unit 10: $1,500.00
  • Bedrooms Unit 10: 1
  • Fireplaces Unit 10: 0
  • Bathrooms Unit 10: 1
Unit 11
  • Name Unit 11: 3421
  • Washer/Dryer Unit 11: false
  • Range/Oven Unit 11: true
  • Refrigerator Unit 11: true
  • Dishwasher Unit 11: false
  • Square Feet Unit 11: 920
  • Rent Unit 11: $1,200.00
  • Bedrooms Unit 11: 1
  • Fireplaces Unit 11: 0
  • Bathrooms Unit 11: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 5394.0
  • Leasable Area Units: Square Feet

Property History for 3421 14th Avenue West

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3421 14th Avenue West

Taxable ValueLand$1,575,000Additions$1,319,000Total$2,894,000
Tax Record2022$24,936 ($2,078 / month)
Home Facts
Total Finished SqFt6,512 SqFtAbove Ground SqFt6,512 SqFtStories2Lot Size9,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1945Year Renovated1990ZoningLR3 RC (M)CountyKINGAPN277060-3505

Schools near 3421 14th 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 8
Rating
School
Distance
Coe Elementary School
PublicK to 5

Mcclure Middle School
Public6 to 8

Lincoln High School
Public9 to 12

Cascade Parent Partnership Program
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.

Similar Homes

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Similar Sold Homes

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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 Kidder Mathews

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.