3431 23rd Avenue West

Seattle, WA 98199

$2,200,000
Price
7
Beds
5.25
Baths
3,832 Sq. Ft.
$574 / Sq. Ft.
3,832
Sq. Ft.
$574
per Sq. Ft.

Description

Magnolia 4-plex in prime location. Turnkey rental property with 3 2BR units and 1 spacious 1BR unit in a large 7000sf lot zoned LR1. Extensive upgrades including durable TPO and Metal roof in 2017, new skylights for top two units, new double pane windows for all units, quality kitchen and bathroom remodel with wood cabinets, quartz countertop and SS appliances, new laminate/luxury vinyl floors in all units, Washer/dryer in each unit, new designer color interior paint in all units. Unit 3431 offers...Magnolia 4-plex in prime location. Turnkey rental property with 3 2BR units and 1 spacious 1BR unit in a large 7000sf lot zoned LR1. Extensive upgrades including durable TPO and Metal roof in 2017, new skylights for top two units, new double pane windows for all units, quality kitchen and bathroom remodel with wood cabinets, quartz countertop and SS appliances, new laminate/luxury vinyl floors in all units, Washer/dryer in each unit, new designer color interior paint in all units. Unit 3431 offers an enclosed backyard with a first grade cedar fence. Top two units have view balconies with privacy screens. Current rents in two top units are below market rate. 5 parking lots on the property. Great cash flow with land potential!

Listing Agent

  1. Xiaoliu Li

    Xiaoliu Li

    Listing Agent

    Compass

    sheri.li@compass.com

    P: 206.683.6027

Property Details for 3431 23rd Avenue West

Community Name
Magnolia
School District
Seattle
View
Ocean
Number of Assigned Spaces
5
Total Covered Parking
0
Entry Date
10-24-2022
Energy Source
Electric,Wood
Sewer
Sewer Connected

Location

Listing Courtesy of COMPASS
Add your commute
LISTING UPDATED: 10/25/2022 03:08 PM

Property Details for 3431 23rd Avenue West

StatusActive
MLS #2010213
Days on Market42
Taxes$12,409 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1969
Lot Size0.16 AC / 7,000 SF
CountyKing County

Location

Listing Courtesy of COMPASS
Add your commute

Virtual Tour

Building Information for 3431 23rd Avenue West

Stories2Residences4Year Built1969Building Size-Lot Size0.16 AC / 7,000 SF

Payment Calculator

$12,147 per month

30 year fixed, 6.49% Interest

Principal and Interest

$11,113

Property Taxes

$1,034

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3431 23rd Avenue West

Summary
    Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Fenced-Partially
  • Area: 700 - Queen Anne/Magno
  • Block: 4
  • Effective Year Built Source: Public Records
  • Directions: Access from private drive off W Ruffner St. between 23rd Ave W and 24th Ave W.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
    Taxes and HOA Information
  • Tax Year: 2022
    Parking
  • Number of Carport Spaces: 0.0
  • Open Parking Spaces: 5.0
  • Open Parking: Yes
Interior and Exterior Features
    Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Laminate, Vinyl Plank
  • Features: Laminate
  • Amenities: Basement,Storage,Thermal Windows
  • Heating: Yes
  • FIRPTA: No
    Exterior Features
  • Exterior: Cement Planked, Metal/Vinyl
  • Roof: See Remarks
Property
    Utilities
  • Heating and Cooling: Baseboard
  • Water Source: Public
  • Water/Sewer/Garbage: 4678
  • Power Company: Seattle City Light
  • Sewer Company: City of Seattle
  • Water Company: City of Seattle
  • Power Production Type: Electric, Wood
  • Utilities: Sewer Connected, Electricity Available, Wood
    Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Special Listing Conditions: None
  • Year Built Effective: 1996
  • Photos Count: 32
    Lot Information
  • Lot Size Dimensions: 50 feetx140feet
  • Lot Number: 19
  • Lot Size Source: King
  • Parcel Number Free Text: 2770600525
  • Building Condition: Very Good
  • Calculated Square Footage: 3832
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3832.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Green Energy Efficient: Thermal Windows
Multi Family
    Building Details
  • Number of Uncovered Spaces: 5
  • Number of Stories in Building: 2
  • Vacancy Rate: 1
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
    Financing / Income and Expenses
  • Electric Expense: $720
  • Total Expenses: 19770
  • Gross Adjusted Income: 119820
  • Gross Rent Multiplier: 18
  • Gross Scheduled Income: $119,820
  • Insurance Expense: $1,243
  • Net Operating Income: $100,050
  • Other Expenses: $720
  • Total Monthly Income: 9985
  • Fuel Expense: $0
    Unit 1
  • Name Unit 1: 3431
  • Washer/Dryer Unit 1: Yes
  • Range/Oven Unit 1: Yes
  • Refrigerator Unit 1: Yes
  • Dishwasher Unit 1: Yes
  • Square Feet Unit 1: 950
  • Rent Unit 1: $2,930.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: No
  • Bathrooms Unit 1: 1
    Unit 2
  • Name Unit 2: 3433
  • Washer/Dryer Unit 2: Yes
  • Range/Oven Unit 2: Yes
  • Refrigerator Unit 2: Yes
  • Dishwasher Unit 2: Yes
  • Square Feet Unit 2: 1000
  • Rent Unit 2: $2,565.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: No
  • Bathrooms Unit 2: 2
    Unit 3
  • Name Unit 3: 3435
  • Washer/Dryer Unit 3: Yes
  • Range/Oven Unit 3: Yes
  • Refrigerator Unit 3: Yes
  • Dishwasher Unit 3: Yes
  • Square Feet Unit 3: 1000
  • Rent Unit 3: $2,645.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: No
  • Bathrooms Unit 3: 2
    Unit 4
  • Name Unit 4: 1845
  • Washer/Dryer Unit 4: Yes
  • Range/Oven Unit 4: Yes
  • Refrigerator Unit 4: Yes
  • Dishwasher Unit 4: Yes
  • Square Feet Unit 4: 712
  • Rent Unit 4: $1,845.00
  • Bedrooms Unit 4: 1
  • Fireplaces Unit 4: No
  • Bathrooms Unit 4: 1
Rental
    Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3832.0
  • Leasable Area Units: Square Feet

Property History for 3431 23rd 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 3431 23rd Avenue West

Taxable ValueLand$1,050,000Additions$264,000Total$1,314,000
Tax Record2022$12,409 ($1,034 / month)
Home Facts
Total Finished SqFt3,600 SqFtAbove Ground SqFt3,600 SqFtStories2Lot Size7,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1969Year Renovated1996ZoningLR1 (M)CountyKINGAPN277060-0525Fireplace TypeHas Fireplace

Schools near 3431 23rd Avenue West

This home is within Seattle Public Schools.
RatingSchoolTypeGradesDistance
Public - K to 12
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
RatingSchoolDistance
Cascade Parent Partnership Program
PublicK to 12

Mcclure Middle School
Public6 to 8

Ballard High School
Public9 to 12

The Center School
Public9 to 12

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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3431 23rd Avenue West is a multi-family home for sale in Seattle, WA 98199. This property was listed for sale on October 24, 2022 by Compass at $2,200,000. It has been on the market for a total of 42 days and was last sold on April 28, 2015. This listing's school district is Seattle Public Schools. Nearby schools include Cascade Parent Partnership Program, Mcclure Middle School and Ballard High School. 3431 23rd Avenue West is a 7-bed, 5.25-bath, 3,832 sqft multi-family home built in 1969.

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 COMPASS

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.