5221 38th Avenue Southwest
5221 38th Avenue Southwest
Seattle, WA 98126
$1,300,000
Last Sold Price
8
Beds
4
Baths
4,920 Sq. Ft.
$264 / Sq. Ft.
4,920
Sq. Ft.
$264
per Sq. Ft.
Sold 5/11/18
Sold 5/11/18
Listing provided courtesy of Gerrard Beattie & Knapp, West Seattle Realty
Description
Great investor opportunity! Solid building, good rents, stable tenants and prime West Seattle location. Just north of the Fairmount playing fields and park and just down from the upcoming Whole Foods. The two lower units have attached garage and sizable storage area. All units have additional 2-car off-street parking, including potential for RVs. LR2 zoning could potentially support additional units (buyer to verify). Current owner has been very diligent with maintenance and upgrades.Great investor opportunity! Solid building, good rents, stable tenants and prime West Seattle location. Just north of the Fairmount playing fields and park and just down from the upcoming Whole Foods. The two lower units have attached garage and sizable storage area. All units have additional 2-car off-street parking, including potential for RVs. LR2 zoning could potentially support additional units (buyer to verify). Current owner has been very diligent with maintenance and upgrades.
- Listed by Kevin Broveleit • West Seattle Realty
- Listed by Shelby B. White • West Seattle Realty
Property Details for 5221 38th Avenue Southwest
Community Name
Fairmount
School DistrictSeattle
Number of Assigned Spaces10
Total Covered Parking2
Offers Review Date03-16-2018
Entry Date03-05-2018
SewerSewer Connected
Location
Listing Courtesy of West Seattle Realty![]()
Sold By Gerrard Beattie & Knapp
Add your commute
LISTING UPDATED: 03/27/2021 11:51 PM
Property Details for 5221 38th Avenue Southwest
| Status | Sold |
|---|---|
| MLS # | 1252737 |
| Days on Market | 11 |
| Cumulative Days on Market | 2154 |
| Taxes | $7,638 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1954 |
| Lot Size | 0.15 AC / 6,545 SF |
| County | King County |
Location
Listing Courtesy of West Seattle Realty![]()
Sold By Gerrard Beattie & Knapp
Add your commute
Building Information for 5221 38th Avenue Southwest
Stories3Residences4Year Built1954Building Size-Lot Size0.15 AC / 6,545 SF
Payment Calculator
$7,731 per month
30 year fixed, 7.25% Interest
Principal and Interest
$7,095
Property Taxes
$637
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 5221 38th Avenue Southwest
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Cable TV, Gas Available
- Area: 140 - West Seattle
- Elementary School: Fairmount Park
- Middle Or Junior School: Madison Mid
- High School: West Seattle High
- Effective Year Built Source: Public Records
- Directions: Easy to find. Take Fauntleroy to Dawson, east to 38th, south to near the end of the street on the west side.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2017
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 8.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Hardwood, Vinyl, Carpet
- Amenities: Basement,Storage
- Fireplace: No
- Heating: Yes
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Composition
Property
Utilities
- Electric On Property: No
- Heating and Cooling: Baseboard,Wall
- Water Source: Public
- Water/Sewer/Garbage: 5042
- Power Company: City Light
- Sewer Company: SPU
- Water Company: SPU
- Power Production Type: Electric
- Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electricity Available
Property and Assessments
- New Construction YN: No
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Special Listing Conditions: None
- Year Built Effective: 1979
- Photos Count: 12
Lot Information
- Lot Details: Alley, Curbs, Dead End Street, Paved, Sidewalk
- Lot Size Source: KCR
- Parcel Number Free Text: 3259400055
- Building Condition: Good
- Calculated Square Footage: 4920
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 4920.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 8
- Number of Stories in Building: 3
- Vacancy Rate: 3
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 18043
- Gross Adjusted Income: 72250
- Gross Rent Multiplier: 18
- Gross Scheduled Income: $76,740
- Insurance Expense: $1,250
- Net Operating Income: $53,190
- Other Expenses: $4,841
- Total Monthly Income: 6395
- Fuel Expense: $0
Unit 1
- Name Unit 1: 5223
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 900
- Rent Unit 1: $1,650.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 5221
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 900
- Rent Unit 2: $1,600.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 5219-B
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 900
- Rent Unit 3: $1,500.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 5219-A
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 900
- Rent Unit 4: $1,645.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 4920.0
- Leasable Area Units: Square Feet
Property History for 5221 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 5221 38th Avenue Southwest
Taxable ValueLand$981,700Additions$192,300Total$1,174,000
Tax Record2022$10,583 ($882 / month)
Home Facts
Total Finished SqFt3,280 SqFtAbove Ground SqFt3,280 SqFtStories2Lot Size6,545 SqFtStyleMulti-Family Res (5+ Units)Year Built1954Year Renovated1987ZoningLR2 (M)CountyKINGAPN325940-0055
Schools near 5221 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 West Seattle Realty
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.