1622 Queen Anne Avenue N

Seattle, Washington WA98109

Top of the hill income producing mixed use investment opportunity. Recently up-zoned to NC2P-55 ideal for development and assemblage. The Queen Anne Market Place is currently rented to multiple tenants showcasing it as a key pedestrian-oriented urban village shopping area. Ideal location walkable to dining, retail, & just about all Queen Anne has to offer. Don't miss this opportunity!

About This Property

Listing ID1969016
SqFt 4,080
Acres 0.096
SubdivisionQueen Anne
Year Built1907
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Queen Anne
Year Built 1907
Building Area Units Square Feet
Furnished Unfurnished
Heating Cooling Type Baseboard
Living Area Units Square Feet
Stories Total 3
Elevation Units Feet
Exterior Features Cement Planked, Wood
Foundation Details Poured Concrete, Slab
Lot Features Alley, Curbs, Paved, Sidewalk
Lot Size Square Feet 4200
Lot Size Units Square Feet
MLS Lot Size Source realist
Number Of Units Total 3
Roof Composition
Sewer Sewer Connected
Sewer Company SPU
Structure Type Duplex
Style Code 52 - Duplex
Units Below Grade false
Units In Building Total 2
Utilities Sewer Connected, Electricity Available
Water Company SPU
Water Sewer Garbage 1500
Building Area Total 4080
Country US
High School District Seattle
MLS Area Major 700 - Queen Anne/Magno
View Mountain(s), Territorial
Waterfront no
Zoning Jurisdiction City
Effective Year Built Source Public Records
First Right Of Refusal no
Mls Status Active
Offers Seller intends to review offers upon receipt
Power Company SCL
Power Production Type Electric
Preliminary Title Ordered yes
Property Condition Good
Year Built Effective 1996
Cap Rate 4.5
Electric Expense 500
Gross Adjusted Income 112657
Gross Rent Multiplier 19.65
Gross Scheduled Income 127200
Insurance Expense 1000
Leasable Area 4080
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 112657
Possession Closing
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 11543
Tax Year 2022
Total Expenses 14543
Total Monthly Income 10600

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1622 Queen Anne Avenue N Seattle, WA 98109

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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. © 2022 NWMLS. All rights reserved. Data last updated: Monday, August 8th, 2022 09:02:50 PM.
Active Listing courtesy of Columbia Partners Real Estate
Active Listing courtesy of Columbia Partners Real Estate
Active Listing courtesy of Columbia Partners Real Estate
Data services provided by IDX Broker