5210 12th Avenue Northeast
5210 12th Avenue Northeast
Seattle, WA 98105
$2,150,000
Last Sold Price
6
Beds
11
Baths
5,200 Sq. Ft.
$413 / Sq. Ft.
5,200
Sq. Ft.
$413
per Sq. Ft.
Sold 5/19/23
Sold 5/19/23
Listing provided courtesy of Paragon Real Estate Advisors, Champion Real Estate
Description
25% Down Seller Financing Available! This classic 11-unit building provides a great value-add opportunity in one of Seattle’s core markets. Located in the U District, one of the lowest vacancy submarkets in the city, this asset is poised to take advantage of steady future growth and appreciation. The building is comprised of studio, one and two bedroom units, featuring spacious floorplans, hardwood floors, and fireplaces in select units. This offering presents an opportunity for a buyer to continue...25% Down Seller Financing Available! This classic 11-unit building provides a great value-add opportunity in one of Seattle’s core markets. Located in the U District, one of the lowest vacancy submarkets in the city, this asset is poised to take advantage of steady future growth and appreciation. The building is comprised of studio, one and two bedroom units, featuring spacious floorplans, hardwood floors, and fireplaces in select units. This offering presents an opportunity for a buyer to continue a proven value-add model, with upside through cosmetic unit renovations and rental increases.
- Listed by Michael Urquhart • Paragon Real Estate Advisors
- Listed by Paul T. Mickley • Paragon Real Estate Advisors
Property Details for 5210 12th Avenue Northeast
Community Name
University District
School DistrictSeattle
Number of Assigned Spaces1
Total Covered Parking0
Entry Date02-28-2023
Energy SourceElectric
SewerAvailable
Location
Listing Courtesy of Paragon Real Estate Advisors![]()
Sold By Champion Real Estate
Add your commute
LISTING UPDATED: 05/22/2023 11:41 AM
Property Details for 5210 12th Avenue Northeast
| Status | Sold |
|---|---|
| MLS # | 2039883 |
| Days on Market | 55 |
| Cumulative Days on Market | 360 |
| Taxes | $21,558 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1913 |
| Lot Size | 0.13 AC / 5,500 SF |
| County | King County |
Location
Listing Courtesy of Paragon Real Estate Advisors![]()
Sold By Champion Real Estate
Add your commute
Building Information for 5210 12th Avenue Northeast
Stories3Residences11Year Built1913Building Size-Lot Size0.13 AC / 5,500 SF
Payment Calculator
$13,530 per month
30 year fixed, 7.25% Interest
Principal and Interest
$11,733
Property Taxes
$1,797
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 5210 12th Avenue Northeast
Summary
Location and General Information
- Style: 56 - 10+ Units
- Area: 710 - North Seattle
- Effective Year Built Source: See Remarks
- Directions: From Downtown Seattle, Get on I-5 N. Continue on I-5 N to 7th Ave NE. Take exit 169. Take NE 50th St and 11th Ave NE to 12th Ave NE.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2022
Parking
- Number of Carport Spaces: 1.0
- Carport: No
- Open Parking Spaces: 0.0
- Open Parking: No
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Cooling: Yes
- Cooling: Other – See Remarks
- Fireplace: No
- Heating: Yes
- Heating: Radiator
Exterior Features
- Exterior: Wood
- Roof: Built-Up
Property
Utilities
- Water/Sewer/Garbage: 18842
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Preliminary Title Ordered: No
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1994
- Photos Count: 21
Lot Information
- Lot Size Source: King County
- Parcel Number Free Text: 6746700280
- Calculated Square Footage: 5200
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 5200.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 0
- Number of Stories in Building: 3
- Vacancy Rate: 1
- Number Of Units Total: 11
- Units Below Grade: true
- Units In Building Total: 11
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 58707
- Gross Adjusted Income: 174161
- Gross Rent Multiplier: 12.79
- Gross Scheduled Income: $175,920
- Insurance Expense: $2,757
- Net Operating Income: $115,454
- Other Expenses: $15,550
- Total Monthly Income: 14660
- Fuel Expense: $0
Unit 1
- Name Unit 1: A
- Square Feet Unit 1: 450
- Rent Unit 1: $1,500.00
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: B
- Square Feet Unit 2: 650
- Rent Unit 2: $1,325.00
- Bedrooms Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: C
- Square Feet Unit 3: 500
- Rent Unit 3: $1,150.00
- Bedrooms Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: D
- Square Feet Unit 4: 100
- Rent Unit 4: $795.00
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: E
- Square Feet Unit 5: 450
- Rent Unit 5: $1,300.00
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: F
- Square Feet Unit 6: 550
- Rent Unit 6: $1,425.00
- Bedrooms Unit 6: 1
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: G
- Square Feet Unit 7: 400
- Rent Unit 7: $1,250.00
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: H
- Square Feet Unit 8: 400
- Rent Unit 8: $1,400.00
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: I
- Square Feet Unit 9: 600
- Rent Unit 9: $1,350.00
- Bedrooms Unit 9: 1
- Bathrooms Unit 9: 1
Unit 10
- Name Unit 10: J
- Square Feet Unit 10: 700
- Rent Unit 10: $1,750.00
- Bedrooms Unit 10: 2
- Bathrooms Unit 10: 1
Unit 11
- Name Unit 11: J2
- Square Feet Unit 11: 400
- Rent Unit 11: $900.00
- Bathrooms Unit 11: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 5200.0
- Leasable Area Units: Square Feet
Property History for 5210 12th Avenue Northeast
| 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 5210 12th Avenue Northeast
Taxable ValueLand$1,430,000Additions$1,142,000Total$2,572,000
Tax Record2022$21,558 ($1,796 / month)
Home Facts
Total Finished SqFt5,200 SqFtAbove Ground SqFt5,200 SqFtUnfinished Basement Area1,270 SqFtStories3Lot Size5,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1913Year Renovated1994ZoningLR2CountyKINGAPN674670-0280
Schools near 5210 12th Avenue Northeast
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 | ||
McDonald International 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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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 Paragon Real Estate Advisors
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.