8309 5th Avenue Northeast

8309 5th Avenue Northeast

Seattle, WA 98115

$4,600,000
Price
21
Beds
21
Baths
13,700 Sq. Ft.
$336 / Sq. Ft.
13,700
Sq. Ft.
$336
per Sq. Ft.
a car parked in front of a building
a car parked in front of a building
a view of a backyard with plants and a patio
a backyard of a house with lots of green space
an empty room with wooden floor and a window
a view of empty room with wooden floor
a kitchen with a sink cabinets and wooden floor
a kitchen with stainless steel appliances a stove top oven and refrigerator
a kitchen that has a sink and a stove
a view of walk in closet with empty racks
a bathroom with a granite countertop sink mirror toilet and bathtub
a bathroom with a granite countertop sink a toilet and a mirror
an empty room with wooden floor and windows
an empty room with wooden floor and closet
a view of empty room with wooden floor and potted plant
a view of entryway with wooden floor and a potted plant
a bathroom with 2 sink and a mirror
a view of room with hallway
a bathroom with a shower and a glass door
a view of a city
a view of residential houses with outdoor space
a backyard of a house with barbeque oven table and chairs
a row of table and chairs in patio of the house
Listing provided courtesy of Westlake Associates, Inc.

Description

5th Ave Manor presents an exceptional opportunity for investors seeking ownership of a prestigious building in a highly sought-after residential locale, characterized by a scarcity of rental accommodations. With its strategic location and potential for value-add enhancement through modest kitchen, flooring, and appliance upgrades, 5th Avenue Manor promises lucrative returns. Following these enhancements, a new owner can anticipate achieving a stabilized Market CAP of 5.60%. Nestled adjacent to the...5th Ave Manor presents an exceptional opportunity for investors seeking ownership of a prestigious building in a highly sought-after residential locale, characterized by a scarcity of rental accommodations. With its strategic location and potential for value-add enhancement through modest kitchen, flooring, and appliance upgrades, 5th Avenue Manor promises lucrative returns. Following these enhancements, a new owner can anticipate achieving a stabilized Market CAP of 5.60%. Nestled adjacent to the scenic Green Lake Park, renowned for its myriad recreational pursuits, this coveted address offers seamless access to the University of Washington, the bustling South Lake Union Tech Core, and the vibrant Northgate shopping and entertainment hub.
  1. Listed by Chad Michael Martini • Westlake Associates, Inc.
  2. Listed by David W Petersen • Westlake Associates, Inc.

Property Details for 8309 5th Avenue Northeast

Community Name
Green Lake
School District
Seattle
Number of Assigned Spaces
15
Total Covered Parking
0
Entry Date
04-10-2024
Energy Source
Electric
Sewer
Sewer Connected

Location

Listing Courtesy of Westlake Associates, Inc.
Add your commute
LISTING UPDATED: 04/10/2024 03:14 PM

Property Details for 8309 5th Avenue Northeast

StatusActive
MLS #2221698
Days on Market19
Cumulative Days on Market18
Taxes$39,678 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1969
Lot Size0.26 AC / 11,160 SF
CountyKing County

Location

Listing Courtesy of Westlake Associates, Inc.
Add your commute

Building Information for 8309 5th Avenue Northeast

Stories3Residences16Year Built1969Building Size-Lot Size0.26 AC / 11,160 SF

Payment Calculator

$28,411 per month

30 year fixed, 7.25% Interest

Principal and Interest

$25,104

Property Taxes

$3,307

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8309 5th Avenue Northeast

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 705 - Ballard/Greenlake
  • Directions: From I5 S take exit 169 toward NE 50th. Keep Right at fork. Merge onto 5th Ave NE. Right on NE 50th. Right on Latona Ave NE. Right on NE 54th. Right on 5th Ave NE. Property is on the right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 6.0
  • Carport: No
  • Open Parking Spaces: 9.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Floor Covering: Laminate, Vinyl, Carpet
  • Features: Laminate Hardwood, Wall to Wall Carpet
  • Amenities: Coin Op Laundry,Elevator,Storage
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
Exterior Features
  • Exterior: Brick, Cement/Concrete, Wood Products
  • Roof: Flat
Property
Utilities
  • Water/Sewer/Garbage: 18028
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: King County Assessor
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 24
Lot Information
  • Lot Size Source: King County Assessor
  • Parcel Number Free Text: 2061100055
  • Calculated Square Footage: 13700
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 13700.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 9
  • Number of Stories in Building: 3
  • Vacancy Rate: 5
  • Number Of Units Total: 16
  • Units Below Grade: false
  • Units In Building Total: 16
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 113730
  • Gross Adjusted Income: 371412
  • Gross Rent Multiplier: 11.77
  • Gross Scheduled Income: $390,960
  • Insurance Expense: $6,400
  • Net Operating Income: $257,681
  • Other Expenses: $49,624
  • Total Monthly Income: 32580
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 304
  • Square Feet Unit 1: 1750
  • Rent Unit 1: $2,995.00
  • Bedrooms Unit 1: 3
  • Bathrooms Unit 1: 2
Unit 2
  • Name Unit 2: 303
  • Square Feet Unit 2: 740
  • Rent Unit 2: $1,675.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 302
  • Square Feet Unit 3: 740
  • Rent Unit 3: $1,675.00
  • Bedrooms Unit 3: 1
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 301
  • Square Feet Unit 4: 950
  • Rent Unit 4: $2,150.00
  • Bedrooms Unit 4: 2
  • Bathrooms Unit 4: 2
Unit 5
  • Name Unit 5: 205
  • Square Feet Unit 5: 950
  • Rent Unit 5: $2,150.00
  • Bedrooms Unit 5: 2
  • Bathrooms Unit 5: 2
Unit 6
  • Name Unit 6: 204
  • Square Feet Unit 6: 740
  • Rent Unit 6: $1,675.00
  • Bedrooms Unit 6: 1
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 203
  • Square Feet Unit 7: 740
  • Rent Unit 7: $1,675.00
  • Bedrooms Unit 7: 1
  • Bathrooms Unit 7: 1
Unit 8
  • Name Unit 8: 202
  • Square Feet Unit 8: 740
  • Rent Unit 8: $1,675.00
  • Bedrooms Unit 8: 1
  • Bathrooms Unit 8: 1
Unit 9
  • Name Unit 9: 201
  • Square Feet Unit 9: 950
  • Rent Unit 9: $2,150.00
  • Bedrooms Unit 9: 2
  • Bathrooms Unit 9: 2
Unit 10
  • Name Unit 10: 105
  • Square Feet Unit 10: 950
  • Rent Unit 10: $2,150.00
  • Bedrooms Unit 10: 2
  • Bathrooms Unit 10: 2
Unit 11
  • Name Unit 11: 104
  • Square Feet Unit 11: 740
  • Rent Unit 11: $1,675.00
  • Bedrooms Unit 11: 1
  • Bathrooms Unit 11: 1
Unit 12
  • Name Unit 12: 103
  • Square Feet Unit 12: 740
  • Rent Unit 12: $1,675.00
  • Bedrooms Unit 12: 1
  • Bathrooms Unit 12: 1
Unit 13
  • Name Unit 13: 102
  • Square Feet Unit 13: 740
  • Rent Unit 13: $1,675.00
  • Bedrooms Unit 13: 1
  • Bathrooms Unit 13: 1
Unit 14
  • Name Unit 14: 101
  • Square Feet Unit 14: 740
  • Rent Unit 14: $1,675.00
  • Bedrooms Unit 14: 1
  • Bathrooms Unit 14: 1
Unit 15
  • Name Unit 15: B-2
  • Square Feet Unit 15: 740
  • Rent Unit 15: $1,675.00
  • Bedrooms Unit 15: 1
  • Bathrooms Unit 15: 1
Unit 16
  • Name Unit 16: B1
  • Square Feet Unit 16: 750
  • Rent Unit 16: $1,400.00
  • Bedrooms Unit 16: 0
  • Bathrooms Unit 16: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 13700.0
  • Leasable Area Units: Square Feet

Property History for 8309 5th Avenue Northeast

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8309 5th Avenue Northeast

Taxable ValueLand$1,897,200Additions$2,722,800Total$4,620,000
Tax Record2022$39,629 ($3,302 / month)
Home Facts
Total Finished SqFt12,900 SqFtAbove Ground SqFt12,900 SqFtStories3Lot Size11,160 SqFtStyleMulti-Family Dwelling (2-4)Year Built1969Year Renovated2001ZoningNC1-55 (M)CountyKINGAPN206110-0055

Schools near 8309 5th Avenue Northeast

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Olympic View Elementary School
Public - K to 5
Jane Addams Middle School
Public - 6 to 8
Roosevelt High School
Public - 9 to 12
Education Service Centers
Public - 6 to 12
Rating
School
Distance
Olympic View Elementary School
PublicK to 5

Jane Addams Middle School
Public6 to 8

Roosevelt High School
Public9 to 12

Education Service Centers
Public6 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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More information about 8309 5th Avenue Northeast, Seattle, WA 98115

8309 5th Avenue Northeast is a multi-family home for sale in Seattle, WA 98115. This property was listed for sale on April 10, 2024 by Westlake Associates, Inc., it's currently listed at $4,600,000. It has been on the market for a total of 19 days and was last sold on September 28, 2005. This listing's school district is Seattle Public Schools. Nearby schools include Olympic View Elementary School, Jane Addams Middle School and Roosevelt High School. 8309 5th Avenue Northeast is a 21-bed, 21-bath, 13,700 sqft multi-family home built in 1969.

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 Westlake Associates, 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.