5001 38th Avenue Southwest
5001 38th Avenue Southwest
Seattle, WA 98126
$1,150,000
Price
3
Beds
3
Baths
2,210 Sq. Ft.
$520 / Sq. Ft.
2,210
Sq. Ft.
$520
per Sq. Ft.
Listed By Compass
Virtual Tour
Listed By Compass
Virtual Tour
Listing provided courtesy of COMPASS
Description
This Fairmont Park property has three spacious 1-bed units, making it ideal for both portfolio investors and a landlord who wishes to occupy one of the units. Each unit has its own laundry room with full size washer and dryer, fireplace, either a patio or deck, and one assigned off-street parking. Built in 1991, the property has been meticulously maintained and well-managed, providing the new owner with peace of mind. The property is conveniently located close to California Ave restaurants and coffee...This Fairmont Park property has three spacious 1-bed units, making it ideal for both portfolio investors and a landlord who wishes to occupy one of the units. Each unit has its own laundry room with full size washer and dryer, fireplace, either a patio or deck, and one assigned off-street parking. Built in 1991, the property has been meticulously maintained and well-managed, providing the new owner with peace of mind. The property is conveniently located close to California Ave restaurants and coffee shops, shopping, parks, Alki Beach, schools, and West Seattle bridge. The seller-procured inspection report is available.
Listing Agents
![Amnon Bruck]()
amnon.bruck@compass.comP: 425.533.1443
![Dylan Kostadinov]()
dylan.kostadinov@compass.comP: 206.436.9549
Property Details for 5001 38th Avenue Southwest
Community Name
Fairmount
School DistrictSeattle
ViewTerritorial
Number of Assigned Spaces3
Total Covered Parking0
Entry Date04-16-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of COMPASS![]()
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LISTING UPDATED: 04/27/2024 12:26 PM
Property Details for 5001 38th Avenue Southwest
| Status | Active |
|---|---|
| MLS # | 2222752 |
| Days on Market | 13 |
| Cumulative Days on Market | 12 |
| Taxes | $10,068 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1991 |
| Lot Size | 0.08 AC / 3,510 SF |
| County | King County |
Location
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Building Information for 5001 38th Avenue Southwest
Stories3Residences3Year Built1991Building Size-Lot Size0.08 AC / 3,510 SF
Payment Calculator
$7,115 per month
30 year fixed, 7.25% Interest
Principal and Interest
$6,276
Property Taxes
$839
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 5001 38th Avenue Southwest
Summary
Location and General Information
- Style: 53 - Tri-plex
- Site Features: Deck, Fenced-Partially, High Speed Internet, Patio
- Area: 140 - West Seattle
- Elementary School: Fairmount Park
- Middle Or Junior School: Pathfinder K-8
- High School: West Seattle High
- Directions: Exit Hwy 99 toward W Marginal Way. Right on Spokane St. Left onto Avalon Way. Left onto 35th Ave. Right onto Hudson Street. Left onto 38th Avenue SW. Property's on the right.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 3.0
- Open Parking: Yes
Virtual Tour
- Virtual Tour URL Unbranded: https://my.matterport.com/show/?m=L7Yu7XjyKGR
- Virtual Tour URL Description: Matterport
Interior and Exterior Features
Interior Features
- Floor Covering: Laminate, Vinyl, Carpet
- Features: Laminate Hardwood, Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Metal/Vinyl
- Roof: Composition
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 2072.48
- Power Company: SCL
- Sewer Company: SPU
- Water Company: SPU
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Slab
- Zoning Class: Residential
- First Right Of Refusal: false
- Possible Use: Residential
- MLS Square Footage Source: County Records
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 28
Lot Information
- Lot Details: Curbs, Paved, Sidewalk
- Lot Size Dimensions: 3510
- Lot Size Source: County records
- Parcel Number Free Text: 2324039146
- Calculated Square Footage: 2210
- Structure Type: Triplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2210.0
- 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: 3
- Vacancy Rate: 0
- Number Of Units Total: 3
- Units Below Grade: false
- Units In Building Total: 3
Financing / Income and Expenses
- Electric Expense: $50
- Total Expenses: 15786.25
- Gross Adjusted Income: 72900
- Gross Rent Multiplier: 15.78
- Gross Scheduled Income: $72,900
- Insurance Expense: $1,474
- Net Operating Income: $57,114
- Other Expenses: $2,122
- Total Monthly Income: 6075
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 739
- Rent Unit 1: $1,875.00
- Bedrooms Unit 1: 1
- Fireplaces Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 736
- Rent Unit 2: $1,875.00
- Bedrooms Unit 2: 1
- Fireplaces Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 736
- Rent Unit 3: $2,000.00
- Bedrooms Unit 3: 1
- Fireplaces Unit 3: 1
- Bathrooms Unit 3: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2210.0
- Leasable Area Units: Square Feet
Property History for 5001 38th Avenue Southwest
| 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 5001 38th Avenue Southwest
Taxable ValueLand$314,000Additions$745,000Total$1,059,000
Tax Record2022$9,171 ($764 / month)
Home Facts
Baths3Total Finished SqFt2,930 SqFtAbove Ground SqFt2,210 SqFtFinished Basement SqFt720 SqFtStories2Lot Size3,510 SqFtStyleTriplexYear Built1991ZoningLR1 (M)CountyKINGAPN232403-9146Fireplace TypeHas Fireplace
Schools near 5001 38th Avenue Southwest
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 - | PK to 8 |
Rating | School | Distance |
|---|---|---|
Fairmount Park Elementary PublicPK to 5 | ||
Madison Middle School Public6 to 8 | ||
West Seattle High School Public9 to 12 | ||
Louisa Boren STEM K-8 PublicPK 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 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. The DOM value represents the number of days this listing has been Active on this website.