3832 Eastern Avenue North
3832 Eastern Avenue North
Seattle, WA 98103
$1,650,000
Last Sold Price
8
Beds
7
Baths
3,640 Sq. Ft.
$453 / Sq. Ft.
3,640
Sq. Ft.
$453
per Sq. Ft.
Sold 10/14/22
Sold 10/14/22
Listing provided courtesy of Kidder Mathews, Lee & Associates Commercial RE
Description
A true value add property located 2 blocks away from Lake Union. This is the first time this property has been on the market in 40+ years. 7 Units available for a complete renovation. Strong in-place cash flow with substantial renovation upside to over 21%. Common laundry for all units with two parking spots available. Located within walking distance from gas works park, Fremont & Wallingford neighborhoods and the University of Washington. Financials are Proforma and Rents are In-Place.A true value add property located 2 blocks away from Lake Union. This is the first time this property has been on the market in 40+ years. 7 Units available for a complete renovation. Strong in-place cash flow with substantial renovation upside to over 21%. Common laundry for all units with two parking spots available. Located within walking distance from gas works park, Fremont & Wallingford neighborhoods and the University of Washington. Financials are Proforma and Rents are In-Place.
- Listed by Winslow Thomas Lee • Kidder Mathews
Property Details for 3832 Eastern Avenue North
Community Name
Wallingford
School DistrictSeattle
ViewCity, Lake, Mountain(s), Territorial
Number of Assigned Spaces2
Total Covered Parking0
Entry Date05-05-2022
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Kidder Mathews![]()
Sold By Lee & Associates Commercial RE
Add your commute
LISTING UPDATED: 10/20/2022 02:20 PM
Property Details for 3832 Eastern Avenue North
| Status | Sold |
|---|---|
| MLS # | 1928867 |
| Days on Market | 11 |
| Cumulative Days on Market | 529 |
| Taxes | $20,000 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1907 |
| Lot Size | 0.08 AC / 3,300 SF |
| County | King County |
Location
Listing Courtesy of Kidder Mathews![]()
Sold By Lee & Associates Commercial RE
Add your commute
Building Information for 3832 Eastern Avenue North
Stories4Residences7Year Built1907Building Size-Lot Size0.08 AC / 3,300 SF
Payment Calculator
$10,671 per month
30 year fixed, 7.25% Interest
Principal and Interest
$9,005
Property Taxes
$1,667
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 3832 Eastern Avenue North
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Area: 705 - Ballard/Greenlake
- Effective Year Built Source: Public Records
- Directions: Going south on N Pacific St, take right on Eastern Ave N, property will be on your right.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2022
- Additional Tax Ids: 9178601635
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 2.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Hardwood, Carpet
- Features: Hardwood, Wall to Wall Carpet
- Amenities: Coin Op Laundry
- Fireplace: No
- Heating: Yes
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Composition
Property
Utilities
- Heating and Cooling: Baseboard
- Water Source: Public
- Water/Sewer/Garbage: 8289
- Power Company: Seattle Light
- Sewer Company: SPU
- Water Company: SPU
- Power Production Type: Electric
- Utilities: Sewer Connected, Electricity Available
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family,Residential
- First Right Of Refusal: false
- Possible Use: Multi-Family, Residential
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1907
- Photos Count: 27
Lot Information
- Lot Details: Curbs, Paved, Secluded, Sidewalk
- Lot Size Dimensions: 3300
- Lot Size Source: King County
- Parcel Number Free Text: 9178601635
- Building Condition: Fixer
- Calculated Square Footage: 3640
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3640.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 2
- Number of Stories in Building: 4
- Vacancy Rate: 3
- Number Of Units Total: 7
- Units Below Grade: true
- Units In Building Total: 7
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 49667
- Gross Adjusted Income: 148505
- Gross Rent Multiplier: 17
- Gross Scheduled Income: $140,400
- Insurance Expense: $3,555
- Net Operating Income: $103,244
- Other Expenses: $17,823
- Total Monthly Income: 9260
- 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: false
- Square Feet Unit 1: 600
- Rent Unit 1: $1,575.00
- 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: 600
- Rent Unit 2: $1,575.00
- 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: false
- Square Feet Unit 3: 463
- Rent Unit 3: $1,220.00
- 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: false
- Square Feet Unit 4: 600
- Rent Unit 4: $1,205.00
- 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: 427
- Rent Unit 5: $1,295.00
- 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: 550
- Rent Unit 6: $1,345.00
- 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: 400
- Rent Unit 7: $1,045.00
- Bedrooms Unit 7: 1
- Fireplaces Unit 7: 0
- Bathrooms Unit 7: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3640.0
- Leasable Area Units: Square Feet
Property History for 3832 Eastern 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 3832 Eastern Avenue North
Taxable ValueLand$330,000Additions$1,552,000Total$1,882,000
Tax Record2022$15,693 ($1,308 / month)
Home Facts
Total Finished SqFt3,570 SqFtAbove Ground SqFt3,570 SqFtStories2Lot Size3,300 SqFtStyleMulti-Family Dwelling (2-4)Year Built1907Year Renovated1984ZoningNR3CountyKINGAPN917860-1635
Schools near 3832 Eastern 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 5 |
Rating | School | Distance |
|---|---|---|
Green Lake Elementary School PublicPK to 5 | ||
Hamilton International Middle School Public6 to 8 | ||
Lincoln High School Public9 to 12 | ||
John Stanford International Elementary 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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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.