129 21st Avenue E

Seattle, Washington WA98112

PRIME Capitol Hill Development Opportunity! 129 AND 133 21st Avenue East are located on a tree-lined street just steps from Miller Park and close to all of the entertainment and culture in Capitol Hill. The property offers easy access to South Lake Union, downtown Seattle, and the University of Washington. The existing three and four unit buildings are in good condition, with over 4300 square feet of living space. Always close to 100% occupancy and offering a stable tenant pool, this unique property offers an opportunity to cover all carrying costs during a feasibility period while planning a large development project, with up to 45 units possible in varying configurations in an LR3 Urban Village Zoning Area.

About This Property

Listing ID1862491
SqFt 4,314
Acres 0.226
SubdivisionCapitol Hill
Year Built1978
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Capitol Hill
Year Built 1978
Building Area Units Square Feet
Flooring Hardwood
Furnished Unfurnished
Heating Cooling Type Baseboard
Interior Features Hardwood
Living Area Units Square Feet
Stories Total 2
Elevation Units Feet
Exterior Features Wood
Foundation Details Poured Concrete
Lot Size Dimensions 238x80
Lot Size Square Feet 9833
Lot Size Units Square Feet
MLS Lot Size Source Realist
Number Of Units Total 7
Parking Total 8
Roof Composition
Sewer Sewer Connected
Sewer Company Seattle Public Utilities
Structure Type Quadruplex
Style Code 54 - 4-Plex
Units Below Grade false
Utilities Sewer Connected, Electricity Available
Water Company Seattle Public Utilities
Water Sewer Garbage 13245
Water Source Public
Building Area Total 4314
Country US
Elementary School Buyer To Verify
High School Buyer To Verify
High School District Seattle
Middle Or Junior School Buyer To Verify
MLS Area Major 390 - Central Seattle
Waterfront no
Zoning Jurisdiction City
First Right Of Refusal no
Mls Status Active
Offers Seller intends to review offers upon receipt
Power Company Seattle Power & Light
Power Production Type Electric
Preliminary Title Ordered yes
Property Condition Good
Cap Rate 2.2
Gross Adjusted Income 75750
Gross Scheduled Income 75750
Insurance Expense 3000
Leasable Area 4430
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 53034
Possession Closing
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 23969
Tax Year 2021
Total Expenses 4436
Total Monthly Income 7575

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129 21st Avenue E Seattle, WA 98112

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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 eXp Realty
Active Listing courtesy of eXp Realty
Active Listing courtesy of eXp Realty
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