3606 Interlake Avenue North
3606 Interlake Avenue North
Seattle, WA 98103
$1,850,000
Price
6
Beds
6
Baths
2,940 Sq. Ft.
$629 / Sq. Ft.
2,940
Sq. Ft.
$629
per Sq. Ft.
Listing provided courtesy of Westlake Associates, Inc.
Description
Seller Financing Available! The Interlake 6 is in an A+ location in the popular Wallingford neighborhood of Seattle. The property boasts a Walk Score of 89 & Bike Score of 91, which means most daily errands can be easily accomplished on foot or bicycle. Built in 1957, according to the previous owner the building was fully re-plumbed with copper/PEX plumbing (Buyer to Verify). Property has low historical vacancy rate and when units turnover, they’re often re-rented within a week. The property also...Seller Financing Available! The Interlake 6 is in an A+ location in the popular Wallingford neighborhood of Seattle. The property boasts a Walk Score of 89 & Bike Score of 91, which means most daily errands can be easily accomplished on foot or bicycle. Built in 1957, according to the previous owner the building was fully re-plumbed with copper/PEX plumbing (Buyer to Verify). Property has low historical vacancy rate and when units turnover, they’re often re-rented within a week. The property also sits on a 4,400 square foot lot zoned LR2 (M), which leaves the door open for future redevelopment. Offers investors a well-maintained building with impeccable rental history in an A+ location with abundant amount of walkable retail amenities.
- Listed by Chad Michael Martini • Westlake Associates, Inc.
Property Details for 3606 Interlake Avenue North
Community Name
Wallingford
School DistrictSeattle
ViewCity, Lake, Partial
Number of Assigned Spaces3
Total Covered Parking0
Entry Date02-26-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Westlake Associates, Inc.![]()
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LISTING UPDATED: 03/20/2024 12:31 PM
Property Details for 3606 Interlake Avenue North
| Status | Active |
|---|---|
| MLS # | 2203715 |
| Days on Market | 61 |
| Cumulative Days on Market | 62 |
| Taxes | $14,653 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1957 |
| Lot Size | 0.10 AC / 4,400 SF |
| County | King County |
Location
Listing Courtesy of Westlake Associates, Inc.![]()
Add your commute
Building Information for 3606 Interlake Avenue North
Stories2Residences6Year Built1957Building Size-Lot Size0.10 AC / 4,400 SF
Payment Calculator
$11,317 per month
30 year fixed, 7.25% Interest
Principal and Interest
$10,096
Property Taxes
$1,221
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 3606 Interlake Avenue North
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Area: 705 - Ballard/Greenlake
- Directions: On Aurora Ave N/Hwy 99 N, slight right onto Bridge Way N. Turn right onto N 38th St. Turn right onto Stone Way N. Left onto N 36th St. Left onto Interlake Ave N, site is on the right.
- 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: 3.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard, Wall Unit(s)
Exterior Features
- Exterior: Wood
- Roof: Flat
Property
Utilities
- Water/Sewer/Garbage: 6198
- Power Production Type: Electric
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
- Photos Count: 21
Lot Information
- Lot Size Source: King County Assessor
- Parcel Number Free Text: 2264500920
- Calculated Square Footage: 2940
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2940.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 3
- Number of Stories in Building: 2
- Vacancy Rate: 2
- Number Of Units Total: 6
- Units Below Grade: false
- Units In Building Total: 6
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 29810
- Gross Adjusted Income: 115072
- Gross Rent Multiplier: 15.76
- Gross Scheduled Income: $117,420
- Insurance Expense: $2,659
- Net Operating Income: $85,262
- Other Expenses: $6,300
- Total Monthly Income: 9785
- Fuel Expense: $0
Unit 1
- Name Unit 1: 6
- Square Feet Unit 1: 565
- Rent Unit 1: $1,650.00
- Bedrooms Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 5
- Square Feet Unit 2: 475
- Rent Unit 2: $1,695.00
- Bedrooms Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 4
- Square Feet Unit 3: 475
- Rent Unit 3: $1,545.00
- Bedrooms Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 3
- Square Feet Unit 4: 475
- Rent Unit 4: $1,550.00
- Bedrooms Unit 4: 1
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 2
- Square Feet Unit 5: 475
- Rent Unit 5: $1,600.00
- Bedrooms Unit 5: 1
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 1
- Square Feet Unit 6: 475
- Rent Unit 6: $1,750.00
- Bedrooms Unit 6: 1
- Bathrooms Unit 6: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2940.0
- Leasable Area Units: Square Feet
Property History for 3606 Interlake Avenue North
| 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 3606 Interlake Avenue North
Taxable ValueLand$968,000Additions$684,000Total$1,652,000
Tax Record2022$14,126 ($1,177 / month)
Home Facts
Total Finished SqFt2,862 SqFtAbove Ground SqFt2,862 SqFtStories2Lot Size4,400 SqFtStyleMulti-Family Dwelling (2-4)Year Built1957Year Renovated1993ZoningLR2 (M)CountyKINGAPN226450-0920
Schools near 3606 Interlake Avenue North
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 |
|---|---|---|
B F Day Elementary School PublicPK to 5 | ||
Hamilton International 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.
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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 Westlake Associates, Inc.
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.