6553 42nd Avenue Southwest
6553 42nd Avenue Southwest
Seattle, WA 98136
$950,000
Price
6
Beds
4
Baths
3,460 Sq. Ft.
$275 / Sq. Ft.
3,460
Sq. Ft.
$275
per Sq. Ft.
Pending
Pending
Listing provided courtesy of John L Scott Westwood
Description
Investor Alert! Profitable investment opportunity in the heart of The vibrant Morgan Junction neighborhood of West Seattle. Two 2bed/1bath units on main floor and two 1bed/1bath units on lower level. Large deck w/westerly mountain & sound view. Garage for 2 cars plus off-street parking for 2 more cars. Alley/street access. Walk/bike to everything West Seattle has to offer. 85 walk score. Long-term tenants, low vacancies and low turnover. Significant rental upside as rents are low. The cap rate is...Investor Alert! Profitable investment opportunity in the heart of The vibrant Morgan Junction neighborhood of West Seattle. Two 2bed/1bath units on main floor and two 1bed/1bath units on lower level. Large deck w/westerly mountain & sound view. Garage for 2 cars plus off-street parking for 2 more cars. Alley/street access. Walk/bike to everything West Seattle has to offer. 85 walk score. Long-term tenants, low vacancies and low turnover. Significant rental upside as rents are low. The cap rate is currently sitting at 5.62%, but could be higher if an investor wants to upscale the units or get creative with shorter-term (AirBNB), higher rent leases. Zoned LR2 for future development options.
- Listed by Jen Shaughnessy • John L Scott Westwood
- Listed by Greg D. Singleton • John L Scott Westwood
Property Details for 6553 42nd Avenue Southwest
Community Name
Gatewood
School DistrictSeattle
ViewMountain(s), Sound
Number of Assigned Spaces4
Total Covered Parking2
Offers Review Date04-25-2024
Entry Date04-16-2024
Energy SourceElectric
Location
Listing Courtesy of John L Scott Westwood![]()
Add your commute
LISTING UPDATED: 04/25/2024 06:15 PM
Property Details for 6553 42nd Avenue Southwest
| Status | Pending |
|---|---|
| MLS # | 2222226 |
| Days on Market | 9 |
| Cumulative Days on Market | 9 |
| Taxes | $8,800 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1963 |
| Lot Size | 0.14 AC / 6,250 SF |
| County | King County |
Location
Listing Courtesy of John L Scott Westwood![]()
Add your commute
Building Information for 6553 42nd Avenue Southwest
Stories2Residences4Year Built1963Building Size-Lot Size0.14 AC / 6,250 SF
Payment Calculator
$5,918 per month
30 year fixed, 7.25% Interest
Principal and Interest
$5,185
Property Taxes
$733
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 6553 42nd Avenue Southwest
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Deck, Fenced-Partially, Patio
- Area: 140 - West Seattle
- Directions: GPS is accurate.
- 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: 2.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Floor Covering: Ceramic Tile, Hardwood, Vinyl, Carpet
- Features: Ceramic Tile, Hardwood, Wall to Wall Carpet
- Amenities: Coin Op Laundry
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard, Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Brick, Wood
- Roof: Composition
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 6000
- Power Company: Seattle City Light
- Sewer Company: SPU
- Water Company: SPU
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: Realist
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 14
Lot Information
- Lot Details: Curbs, Paved, Sidewalk, Value In Land
- Lot Size Dimensions: 50 x 124
- Lot Size Source: Realist
- Parcel Number Free Text: 2719100025
- Calculated Square Footage: 3460
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3460.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 2
- 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: $600
- Total Expenses: 17630
- Gross Adjusted Income: 72000
- Gross Rent Multiplier: 13.19
- Gross Scheduled Income: $72,000
- Insurance Expense: $2,230
- Net Operating Income: $54,370
- Other Expenses: $0
- Total Monthly Income: 6000
- 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: true
- Square Feet Unit 1: 743
- Rent Unit 1: $1,600.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- 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: true
- Square Feet Unit 2: 846
- Rent Unit 2: $1,500.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 866
- Rent Unit 3: $1,600.00
- Bedrooms Unit 3: 1
- Fireplaces Unit 3: 0
- 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
- Square Feet Unit 4: 649
- Rent Unit 4: $1,300.00
- Bedrooms Unit 4: 1
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3371.0
- Leasable Area Units: Square Feet
Property History for 6553 42nd 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 6553 42nd Avenue Southwest
Taxable ValueLand$567,000Additions$340,000Total$907,000
Tax Record2022$8,369 ($697 / month)
Home Facts
Baths4Total Finished SqFt5,190 SqFtAbove Ground SqFt3,460 SqFtFinished Basement SqFt1,730 SqFtStories1Lot Size6,250 SqFtStyleQuadraplexYear Built1963ZoningLR2 (M)CountyKINGAPN271910-0025
Schools near 6553 42nd Avenue Southwest
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 - | PK to 8 |
Rating | School | Distance |
|---|---|---|
Gatewood Elementary School PublicK 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 John L Scott Westwood
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.