Convert this motel into a 16 unit apartment complex! Estimated renovation cost at $1,300,000 for an estimated $3,000,000 finished value. Tons of sweat equity to be had as an investment. All numbers provided on rents/financials are an estimate proforma based on a newly renovated complex. There is currently no income on the building. Unit sizes would range from 346 sq ft to 433 sq feet. 4 units in the basement, 6 units on main floor, and 6 units upstairs. Tons of parking available on site. Tax Assessed Value at $1,945,500! Est. value of $3.1M after renovations into a multi-family dwelling are complete.
Sold
Listed by:
Greg Stock,
Keller Williams Rty Tacoma
Bought with: Specialty Real Estate Group
$1,050,000
7070 E Marginal Way S, Seattle, WA 98108
--beds
--baths
7,890sqft
Multi Family
Built in 1919
-- sqft lot
$1,055,400 Zestimate®
$133/sqft
$2,367 Estimated rent
Home value
$1,055,400
$971,000 - $1.14M
$2,367/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 26, 2025 at 04:04am
Listed by:
Greg Stock,
Keller Williams Rty Tacoma
Bought with:
Tracy Zelenka, 21035181
Specialty Real Estate Group
Source: NWMLS,MLS#: 2362738
Facts & features
Interior
Heating
- Wall Unit(s), Electric
Cooling
- None
Features
- Flooring: See Remarks
- Has fireplace: No
Interior area
- Total structure area: 7,890
- Total interior livable area: 7,890 sqft
Property
Parking
- Total spaces: 22
- Parking features: Open
- Uncovered spaces: 22
Lot
- Size: 10,441 sqft
- Features: Corner Lot, Paved, Sidewalk, Fenced-Partially
Details
- Parcel number: 3468800455
- Zoning description: Commercial,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Torch Down
Condition
- Fixer
- Year built: 1919
- Major remodel year: 1985
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Seattle
- Water: Public, Company: City of Seattle
Community & neighborhood
Location
- Region: Seattle
- Subdivision: Georgetown
Other
Other facts
- Listing terms: Cash Out
- Cumulative days on market: 23 days
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2025 | Sold | $1,050,000-12.5%$133/sqft |
Source:  NWMLS #2362738 Report a problem | ||
| 5/27/2025 | Pending sale | $1,200,000$152/sqft |
Source: NWMLS #2362738 Report a problem | ||
| 5/6/2025 | Listed for sale | $1,200,000$152/sqft |
Source: NWMLS #2362738 Report a problem | ||
| 4/25/2025 | Pending sale | $1,200,000$152/sqft |
Source: NWMLS #2362738 Report a problem | ||
| 4/23/2025 | Listed for sale | $1,200,000$152/sqft |
Source: NWMLS #2362738 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Georgetown
Nearby schools
GreatSchools rating
- 8/10Van Asselt Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 7/10Mercer Middle SchoolGrades: 6-8Distance: 1.7 mi
- 8/10Cleveland High SchoolGrades: 9-12Distance: 0.9 mi
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Estimated market value$1,055,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,055,400