3103 E Thomas Street  3105

Seattle, Washington WA98112

Twin home style duplex in amazing Madison Valley neighborhood! Rents below market, offering an investor plenty of upside with long-term or short term renters. Current owner replaced roof and sewer line to the city main. Corner lot and walkable to Madison Valley restaurants, shops, and businesses. Each unit is 2 BR, 1.5 Bath, hardwood floors on main level, partially finished basement, and yard. Long term rental history. Development potential, buyer to verify.

About This Property

Listing ID1876478
SqFt 2,660
Acres 0.138
SubdivisionMadison Valley
Year Built1944
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Madison Valley
Year Built 1944
Building Area Units Square Feet
Flooring Ceramic Tile, Concrete, Hardwood
Furnished Unfurnished
Heating Cooling Type Forced Air
Interior Features Forced Air, Ceramic Tile, Concrete, Hardwood
Living Area Units Square Feet
Stories Total 1
Elevation Units Feet
Exterior Features Metal/Vinyl, Wood Products
Foundation Details Block
Lot Features Corner Lot, Paved, Value In Land
Lot Number 8-9
Lot Size Dimensions 6000
Lot Size Square Feet 6000
Lot Size Units Square Feet
MLS Lot Size Source Tax Records
Number Of Units Total 2
Roof Composition
Sewer Sewer Connected
Structure Type Duplex
Style Code 52 - Duplex
Units Below Grade false
Units In Building Total 2
Utilities Sewer Connected, Electricity Available, Natural Gas Connected
Water Sewer Garbage 3200
Water Source Public
Block 30
Building Area Total 2660
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
View Territorial
Waterfront no
Zoning Class Multi-Family
Amenities Basement
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Production Type Electric, Natural Gas
Preliminary Title Ordered yes
Site Features Fenced-Partially, Patio
Cap Rate 3.8
Gross Adjusted Income 58200
Gross Rent Multiplier 18.33
Gross Scheduled Income 60000
Insurance Expense 1400
Leasable Area 2600
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 42405
Other Expense 3000
Possession Closing
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 8094
Tax Year 2021
Total Expenses 15694
Total Monthly Income 5000
Vacancy Rate 3

Schedule a Showing - Listing ID 1876478

Please enter your preferences in the form. We will contact you in order to schedule an appointment to view this property. For more immediate assistance, please call WPI Real Estate at 206.522.8172.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

3103 E Thomas Street #3105 Seattle, WA 98112

Browse Similar Listings

Similar Listings

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. © 2022 NWMLS. All rights reserved. Data last updated: Saturday, January 22nd, 2022 09:03:14 PM.
Active Listing courtesy of Keller Williams North Seattle
Active Listing courtesy of Keller Williams North Seattle
Active Listing courtesy of Keller Williams North Seattle
Data services provided by IDX Broker