1408 Orange Place N

Seattle, Washington WA98109

Very desirable 'atop the Hill' Queen Anne location! Zoned LR-1 with alley access. Surrounded by high-end residential properties & conveniently located at the top of Queen Anne Counterbalance, just north & above Lower Queen Anne & Belltown, and close to shopping & restaurants on Queen Anne Avenue with easy access to the Seattle Center, Downtown, Interbay, I-5 & 99 access. This well-maintained & updated brick Mid-Century four-plex offers 4 1-BR units, separately metered, all currently rented (likely below market value). Off-street parking for 5 vehicles is accessed via alley. First time on the market in ~37 years! Tremendous opportunity!

About This Property

Listing ID2030612
SqFt 3,132
Acres 0.138
SubdivisionQueen Anne
Year Built1953
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Queen Anne
Year Built 1953
Building Area Units Square Feet
Flooring Hardwood, Vinyl, Carpet
Furnished Unfurnished
Interior Features Forced Air, Hardwood, Wall to Wall Carpet
Living Area Units Square Feet
Stories Total 3
Elevation Units Feet
Exterior Features Brick, Stucco
Foundation Details Poured Concrete
Lot Features Alley, Curbs, Paved, Sidewalk
Lot Number 6
Lot Size Square Feet 6000
Lot Size Units Square Feet
MLS Lot Size Source CoreLogic
Number Of Units Total 4
Open Parking Spaces 5
Parking Total 5
Parking Uncovered Spaces 5
Roof Composition
Sewer Sewer Connected
Sewer Company City of Seattle
Structure Type Quadruplex
Style Code 54 - 4-Plex
Units Below Grade true
Units In Building Total 4
Water Company City of Seattle
Water Sewer Garbage 2045
Water Source Public
Block 7
Building Area Total 3132
Building Name Bigelow's 2nd Addition
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 700 - Queen Anne/Magno
View Territorial
Waterfront no
Zoning Class Multi-Family
Zoning Jurisdiction City
Amenities Coin Op Laundry,See Remarks,Storage
First Right Of Refusal no
Mls Status Pending Feasibility
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Company Seattle City Light
Power Production Type Electric, Oil
Preliminary Title Ordered yes
Property Condition Very Good
Site Features Deck, Fenced-Partially
Cap Rate 0.02
Electric Expense 172
Gross Adjusted Income 65420
Gross Rent Multiplier 27.51
Gross Scheduled Income 65420
Insurance Expense 2183
Leasable Area 3078
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 40850
Other Expense 4056
Possession Tenant's Rights
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 16114
Tax Year 2022
Total Expenses 24570
Total Monthly Income 5450

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1408 Orange Place 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. © 2023 NWMLS. All rights reserved. Data last updated: Sunday, March 26th, 2023 08:17:02 AM.
Pending Listing courtesy of Coldwell Banker Bain
Pending Listing courtesy of Coldwell Banker Bain
Data services provided by IDX Broker