405 Northwest Market Street
405 Northwest Market Street
Seattle, WA 98107
$1,435,000
Last Sold Price
8
Beds
4
Baths
3,620 Sq. Ft.
$396 / Sq. Ft.
3,620
Sq. Ft.
$396
per Sq. Ft.
Sold 5/12/23
Sold 5/12/23
Listing provided courtesy of RE/MAX Elite, Keller Williams Eastside
Description
Awesome opportunity to own this income generating 4-plex in the heart of highly sought after Ballard! Low maintenance & close to restaurants & shopping make this a desirable investment property. All units are 2 bedrooms, 1 bathroom & all have washers & dryers in unit & separate entries. Updated baths & fixtures. Each unit has a parking spot and off-street parking. Near major bus line & just minutes to downtown.Awesome opportunity to own this income generating 4-plex in the heart of highly sought after Ballard! Low maintenance & close to restaurants & shopping make this a desirable investment property. All units are 2 bedrooms, 1 bathroom & all have washers & dryers in unit & separate entries. Updated baths & fixtures. Each unit has a parking spot and off-street parking. Near major bus line & just minutes to downtown.
- Listed by Vince M Grant • RE/MAX Elite
- Listed by Cole Grant • RE/MAX Elite
Property Details for 405 Northwest Market Street
Community Name
Ballard
School DistrictSeattle
ViewTerritorial
Number of Assigned Spaces4
Total Covered Parking0
Entry Date03-24-2023
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of RE/MAX Elite![]()
Sold By Keller Williams Eastside
Add your commute
LISTING UPDATED: 05/15/2023 09:33 AM
Property Details for 405 Northwest Market Street
| Status | Sold |
|---|---|
| MLS # | 2048618 |
| Days on Market | 13 |
| Cumulative Days on Market | 324 |
| Taxes | $12,954 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1959 |
| Lot Size | 0.12 AC / 5,282 SF |
| County | King County |
Location
Listing Courtesy of RE/MAX Elite![]()
Sold By Keller Williams Eastside
Add your commute
Building Information for 405 Northwest Market Street
Stories2Residences4Year Built1959Building Size-Lot Size0.12 AC / 5,282 SF
Payment Calculator
$8,911 per month
30 year fixed, 7.25% Interest
Principal and Interest
$7,831
Property Taxes
$1,080
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 405 Northwest Market Street
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Cable TV, Deck, Fenced-Fully, High Speed Internet, Patio
- Area: 705 - Ballard/Greenlake
- Elementary School: West Woodland
- Middle Or Junior School: Hamilton Mid
- High School: Ballard High
- Directions: Drive east from 15th NW on Market, Drive west on NE 45th St.
- 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: 4.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Ceramic Tile, Carpet
- Features: Ceramic Tile, Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Wall Unit(s)
Exterior Features
- Exterior: Wood
- Roof: Built-Up
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 5550
- Power Company: Seattle City Light
- Sewer Company: City of Seattle
- Water Company: City of Seattle
- Power Production Type: Electric
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
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 33
Lot Information
- Lot Details: Paved, Sidewalk
- Lot Size Source: Realist
- Parcel Number Free Text: 0475000060
- Building Condition: Very Good
- Calculated Square Footage: 3620
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3620.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 4
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 4
- Units Below Grade: true
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 19904
- Gross Adjusted Income: 111000
- Gross Rent Multiplier: 13.51
- Gross Scheduled Income: $111,000
- Insurance Expense: $1,400
- Net Operating Income: $91,096
- Other Expenses: $0
- Total Monthly Income: 9608
- Fuel Expense: $0
Unit 1
- Name Unit 1: 403
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 905
- Rent Unit 1: $2,250.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 405
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 905
- Rent Unit 2: $2,150.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 407
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 905
- Rent Unit 3: $2,400.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 409
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 905
- Rent Unit 4: $2,345.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Vacant
- Leasable Area: 3620.0
- Leasable Area Units: Square Feet
Property History for 405 Northwest Market Street
| 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 405 Northwest Market Street
Taxable ValueLand$1,082,800Additions$235,200Total$1,318,000
Tax Record2022$11,553 ($963 / month)
Home Facts
Total Finished SqFt3,620 SqFtAbove Ground SqFt3,620 SqFtStories1Lot Size5,282 SqFtStyleMulti-Family Dwelling (2-4)Year Built1959Year Renovated1989ZoningLR1 (M)CountyKINGAPN047500-0060
Schools near 405 Northwest Market Street
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 |
|---|---|---|
West Woodland Elementary School PublicK to 5 | ||
Hamilton International Middle School Public6 to 8 | ||
Ballard High School Public9 to 12 | ||
Salmon Bay School 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 RE/MAX Elite
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.