5839 5th Avenue NW, Seattle, WA 98107

$1,305,000
3,440
SqFt

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Listing courtesy of Windermere Real Estate Co.. Selling Office: COMPASS.

Sold Price
$1,305,000
List Price
$1,300,000
Status
SOLD
MLS#
2204321
Closing Date
Apr 19, 2024
Days on Market
5
Style
53 - Tri-plex
Finished SqFt
3,440
Area Total SqFt
3440
Annual Tax Ammount
10903
Lot Size (sq ft)
5,000
Sewer
Sewer Connected
Offer Review Date
2024-03-27

Property Description

This is a remarkably attractive, well built, full brick mid-century triplex that shows exceptionally well. All units offer 2 bedrms, a full bath & tongue & groove oak flrs. Main unit could be owner occupied featuring a classic mantled wood burning fireplace. Each unit has its own utility room offering storage & conventionally sized washers & dryers. There are submeters so that each tenant pays for their own water, sewer & 3 separate electric meters. The landscaped grounds include a spacious, fully fenced, very private rear yard. 2 units have separate 1 car garages. Upside potential for rents. Excellent location, close to schools, restaurants on 65th, all shopping & public transportation. 2 units are vacant for easy viewing. Brand new roof!

Additional Information

List Date
2024-04-14 00:00:00
Community
Ballard
Net Operating Income
$58,843
Gross Adjusted Income
$76,200
Gross Scheduled Income
$76,200
Total Monthly Income
$6,350
Insurance Expenses
$1,454
Gross Rent Multiplier
17.1
Total Expenses
$15,857
Cap Rate
4.5
Total Number of Units
3
Unit Name
5839
Potential Terms
Cash Out, Conventional
Year Built
1959
Roof
Composition
Site Features
Fenced-Partially, Gas Available
Other Expenses
3500
Energy Source
Electric
School District
Seattle
Elementary School
West Woodland
Middle School
Hamilton Mid
High School
Ballard High
Total Monthly Income
$6,350
Gross Scheduled Income
$76,200
Gross Adjusted Income
$76,200
Tax Year
2023
Insurance Expense
$1,454
Total Expenses
$15,857
Net Operating Income
$58,843
Gross Rent Multiplier
17.1
Cap Rate
4.5
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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