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Listed by:Real Broker LLC • Charles Burnett
$1,300,000
Est. payment /mo
8 Baths
3,200 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $406
Subdivision Licton Springs
MLS Listing ID 2492452
Style 55 - 5-9 Units
Year Built 1986
Annual Tax Amount $11,916
Lot Size 3,760 Sqft
Property Sub-Type Multi Family
Property Description
Turn-key 8-unit asset with strong income potential and multiple operating strategies. Property is currently configured as hotel-style studio units, each fully furnished with a full bath and kitchenette, and was previously operated as overflow lodging for a nearby hotel. Units are separately metered for electric, providing flexibility to continue as short-term or extended-stay lodging, or reposition as long-term rentals for more traditional multifamily cash flow. Strong rent-per-square-foot potential with additional value-add upside. Property features 8 ground-level parking spaces plus a second-floor storage room already plumbed for future laundry installation. First time on the market — owned by the original owner with recent roof replacement and major capital improvements already completed. Excellent access to I-5 and Hwy 99, with close proximity to downtown supporting consistent rental demand and long-term investment appeal.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Flooring Ceramic Tile, Laminate, Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Metal/Vinyl
Garage Spaces 5.0
View Y/N Yes
View Territorial
Roof Type Torch Down
Building
Lot Description Curbs, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
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