4725 38th Avenue South
4725 38th Avenue South
Seattle, WA 98118
$1,500,000
Last Sold Price
10
Beds
5
Baths
3,805 Sq. Ft.
$394 / Sq. Ft.
3,805
Sq. Ft.
$394
per Sq. Ft.
Sold 7/30/21
Sold 7/30/21
Listing provided courtesy of John L. Scott, Inc, Skyline Properties, Inc.
Description
Family-owned since the 80's, your rare opportunity to own this fabulous 4plex in ultra desirable Columbia City! Comprised of two 2-bedroom/1-bath units and two 3-bedroom/1.5 bath units, for a massive total 3805 sq ft of rentable living space! With a prime location and very spacious units, this solid 4-plex generates huge rents, and is offered at an attractive value of 5.3% Cap Rate. New exterior paint, newer roof in 2017, & various newer updates in the units, you'll appreciate this well-maintained...Family-owned since the 80's, your rare opportunity to own this fabulous 4plex in ultra desirable Columbia City! Comprised of two 2-bedroom/1-bath units and two 3-bedroom/1.5 bath units, for a massive total 3805 sq ft of rentable living space! With a prime location and very spacious units, this solid 4-plex generates huge rents, and is offered at an attractive value of 5.3% Cap Rate. New exterior paint, newer roof in 2017, & various newer updates in the units, you'll appreciate this well-maintained property. Include 4 off-street parking spots. Located just a block from a lively collections of restaurants, shops & services on Rainier Ave S. Light Rail Station is just blocks away. Zoned NC2-55 for possible future expansion. Walk Score of 93!
- Listed by Vu Nguyen • John L. Scott, Inc
Property Details for 4725 38th Avenue South
Community Name
Columbia City
School DistrictSeattle
ViewTerritorial
Number of Assigned Spaces4
Total Covered Parking0
Offers Review Date06-30-2021
Entry Date06-23-2021
Energy SourceElectric
Location
Listing Courtesy of John L. Scott, Inc![]()
Sold By Skyline Properties, Inc.
Add your commute
LISTING UPDATED: 07/31/2021 11:09 AM
Property Details for 4725 38th Avenue South
| Status | Sold |
|---|---|
| MLS # | 1789035 |
| Days on Market | 4 |
| Cumulative Days on Market | 4 |
| Taxes | $8,724 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1968 |
| Lot Size | 0.11 AC / 4,800 SF |
| County | King County |
Location
Listing Courtesy of John L. Scott, Inc![]()
Sold By Skyline Properties, Inc.
Add your commute
Building Information for 4725 38th Avenue South
Stories2Residences4Year Built1968Building Size-Lot Size0.11 AC / 4,800 SF
Payment Calculator
$8,913 per month
30 year fixed, 7.25% Interest
Principal and Interest
$8,186
Property Taxes
$727
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 4725 38th Avenue South
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Deck, Fenced-Fully
- Area: 380 - Southeast Seattle
- Effective Year Built Source: Public Records
- Directions: Driving South on Rainier Ave S, take right on , take left on 38th Ave S. Property on your left.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2020
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, Laminate, Vinyl, Carpet
- Features: Laminate
- Amenities: Thermal Windows
- Fireplace: No
- Heating: Yes
- FIRPTA: No
Exterior Features
- Exterior: Wood, Wood Products
- Roof: Composition
Property
Utilities
- Electric On Property: No
- Heating and Cooling: Wall
- Water Source: Public
- Water/Sewer/Garbage: 7800
- Power Company: Seattle City Light
- Sewer Company: Seattle Public Utilities
- Water Company: Seattle Public Utilities
- Power Production Type: Electric
- Utilities: Sewer Connected, Electricity Available
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Commercial,Multi-Family,Residential
- First Right Of Refusal: false
- Possible Use: Commercial, Multi-Family, Residential
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1992
- Photos Count: 36
Lot Information
- Lot Details: Paved
- Lot Size Source: KCR
- Parcel Number Free Text: 3929900050
- Building Condition: Good
- Calculated Square Footage: 3805
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3805.0
- 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: 4
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $300
- Total Expenses: 20624
- Gross Adjusted Income: 100500
- Gross Rent Multiplier: 14
- Gross Scheduled Income: $100,500
- Insurance Expense: $3,800
- Net Operating Income: $79,876
- Other Expenses: $0
- Total Monthly Income: 8375
- 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
- Rent Unit 1: $1,600.00
- Bedrooms Unit 1: 2
- 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
- Rent Unit 2: $2,475.00
- Bedrooms Unit 2: 3
- Bathrooms Unit 2: 2
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Rent Unit 3: $1,725.00
- Bedrooms Unit 3: 2
- 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
- Rent Unit 4: $2,575.00
- Bedrooms Unit 4: 3
- Bathrooms Unit 4: 2
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3805.0
- Leasable Area Units: Square Feet
Property History for 4725 38th Avenue South
| 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 4725 38th Avenue South
Taxable ValueLand$733,200Additions$357,800Total$1,091,000
Tax Record2022$9,767 ($814 / month)
Home Facts
Total Finished SqFt3,804 SqFtAbove Ground SqFt3,804 SqFtStories2Lot Size5,640 SqFtStyleMulti-Family Res (5+ Units)Year Built1968Year Renovated1992ZoningNC2-55 (M)CountyKINGAPN392990-0050
Schools near 4725 38th Avenue South
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 - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Hawthorne Elementary School PublicPK to 5 | ||
Aki Kurose Middle School Public6 to 8 | ||
Franklin High School Public9 to 12 | ||
Interagency Open Doors 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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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 John L. Scott, 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.