2648 NW 86th Street

Seattle, Washington WA98117

INVESTMENT OPPORTUNITY!!! TWO DETACHED HOMES ON A DOUBLE LOT with two individual garages and plenty of additional off street parking. Great potential for a condo sub-subdivision, or House Hack—live in one and rent the other to assist paying the mortgage or rent both with great ROI of 4.25% cap rate. Or consider a short term vacation rental promising upwards of $30k a year in income. Many possibilities – solid investment with upside. Large private large fenced yard w/ deck, new roof, furnace, paint, carpet, refinished fir flooring & more. Detached Cottage 1 BR/1 BA off of alley. Separate garage used for additional parking, storage, or shop. 2 garages & 3 additional off-street parking spots. W/D in each unit.

About This Property

Listing ID1861251
SqFt 2,140
Acres 0.135
SubdivisionNorth Beach
Year Built1924
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision North Beach
Year Built 1924
Building Area Units Square Feet
Flooring Ceramic Tile, Softwood, Laminate, Carpet
Furnished Unfurnished
Heating Cooling Type Forced Air
Interior Features Ceramic Tile, Fir/Softwood, Wall to Wall Carpet
Living Area Units Square Feet
Stories Total 2
Covered Spaces 2
Elevation Units Feet
Exterior Features Cement Planked, Wood Products
Foundation Details Poured Concrete
Lot Features Alley
Lot Number 38-39
Lot Size Dimensions 60' x 98'
Lot Size Square Feet 5880
Lot Size Units Square Feet
MLS Lot Size Source King County Data
Number Of Units Total 2
Open Parking Spaces 3
Parking Total 5
Parking Uncovered Spaces 3
Roof Composition, Torch Down
Sewer Sewer Connected
Sewer Company Seattle Public Utilities
Structure Type Duplex
Style Code 52 - Duplex
Units Below Grade false
Units In Building Total 2
Utilities Natural Gas Available, Sewer Connected, Electricity Available, Natural Gas Connected
Water Company Seattle Public Utilities
Water Source Public
Block 2
Building Area Total 2140
Country US
Elementary School North Beach
High School Ingraham High
High School District Seattle
Middle Or Junior School Whitman Mid
MLS Area Major 705 - Ballard/Greenlak
Waterfront no
Zoning Jurisdiction City
First Right Of Refusal no
Mls Status Active
Offers Seller intends to review offers upon receipt
Power Company Seattle City Light
Power Production Type Electric, Natural Gas
Preliminary Title Ordered yes
Property Condition Good
Site Features Deck, Fenced-Partially, Gas Available, Outbuildings
Cap Rate 4.25
Gross Adjusted Income 61661
Gross Rent Multiplier 20
Gross Scheduled Income 69000
Insurance Expense 1200
Leasable Area 2140
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 61661
Possession Closing
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 6139
Tax Year 2021
Total Expenses 7339
Total Monthly Income 5750

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2648 NW 86th Street Seattle, WA 98117

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The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. The information contained in this listing has not been verified by WPI Real Estate Services, Inc. (7101) and should be verified by the buyer. © 2021 NWMLS. All rights reserved. Data last updated: Sunday, December 5th, 2021 10:17:27 PM.
Active Listing courtesy of Keller Williams Seattle Metro
Active Listing courtesy of Keller Williams Seattle Metro
Active Listing courtesy of Keller Williams Seattle Metro
Data services provided by IDX Broker