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.
Sold
Listed by:
Jennifer Shaughnessy,
John L Scott Westwood,
Greg D. Singleton,
John L Scott Westwood
Bought with: Best Choice Realty LLC
$955,000
6553 42nd Avenue SW, Seattle, WA 98136
--beds
--baths
3,460sqft
Quadruplex
Built in 1963
-- sqft lot
$937,000 Zestimate®
$276/sqft
$3,367 Estimated rent
Home value
$937,000
$853,000 - $1.02M
$3,367/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 05, 2024 at 05:48am
Offers reviewed: Apr 25
Listed by:
Jennifer Shaughnessy,
John L Scott Westwood,
Greg D. Singleton,
John L Scott Westwood
Bought with:
Wenwei Xu, 21035288
Best Choice Realty LLC
Source: NWMLS,MLS#: 2222226
Facts & features
Interior
Heating
- Baseboard
Cooling
- None
Features
- Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,460
- Total interior livable area: 3,460 sqft
Property
Parking
- Total spaces: 4
- Parking features: Open
- Covered spaces: 2
- Uncovered spaces: 2
Features
- Patio & porch: Ceramic Tile, Hardwood, Wall to Wall Carpet
- Has view: Yes
- View description: Mountain(s), Sound
- Has water view: Yes
- Water view: Sound
Lot
- Size: 6,250 sqft
- Dimensions: 50 x 124
- Features: Curbs, Paved, Sidewalk, Value In Land, Deck, Fenced-Partially, Patio
Details
- Parcel number: 2719100025
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Brick, Wood Siding
- Roof: Composition
Condition
- Year built: 1963
Utilities & green energy
- Electric: Company: Seattle City Light
- Sewer: Sewer Connected, Company: SPU
- Water: Public, Company: SPU
Community & neighborhood
Location
- Region: Seattle
- Subdivision: Gatewood
Other
Other facts
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 361 days
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2024 | Sold | $955,000+0.5%$276/sqft |
Source:  NWMLS #2222226 | ||
| 4/26/2024 | Pending sale | $950,000$275/sqft |
Source: NWMLS #2222226 | ||
| 4/16/2024 | Listed for sale | $950,000$275/sqft |
Source: NWMLS #2222226 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,690 +21.5% | $1,036,000 +21.3% |
| 2023 | $8,800 +5.1% | $854,000 -5.8% |
| 2022 | $8,369 +9.3% | $907,000 +19.3% |
Find assessor info on the county website
Neighborhood: Gatewood
Nearby schools
GreatSchools rating
- 6/10Gatewood Elementary SchoolGrades: K-5Distance: 0.2 mi
- 9/10Madison Middle SchoolGrades: 6-8Distance: 2.1 mi
- 7/10West Seattle High SchoolGrades: 9-12Distance: 2.3 mi
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$937,000
2% more+ $18,740
With Zillow Showcase(estimated)
$955,740