15 Ward Street

Seattle, Washington WA98109

Location! Location! Location! On the market for the first time in 42 years, this offering presents an attractive opportunity to purchase 11 units on the south slope of Queen Anne. Built in 1964, the Hillside House Apts offers a nice mix of Studio and 1BD units, along with a stunning 2BD/1.5BTH Penthouse unit. The Penthouse unit would make for an amazing owner/occupant space with a huge private roof-top deck offering stunning views. The building offers copper plumbing, recently replaced individual hot water heaters, floor plans that maximize the views from the living areas, large windows that allow for an abundance of natural lighting, and 6 on-site parking spaces. Potential seller financing available to qualified buyers.

About This Property

Listing ID2068367
SqFt 6,600
Acres 0.138
SubdivisionQueen Anne
Year Built1964
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Queen Anne
Year Built 1964
Building Area Units Square Feet
Flooring Laminate, Carpet
Furnished Unfurnished
Interior Features Laminate Hardwood, Wall to Wall Carpet
Living Area Units Square Feet
Stories Total 4
Carport Spaces 4
Elevation Units Feet
Exterior Features Cement/Concrete
Foundation Details Poured Concrete
Lot Size Square Feet 6000
Lot Size Units Square Feet
MLS Lot Size Source Public Record
Number Of Units Total 11
Open Parking Spaces 6
Parking Total 10
Parking Uncovered Spaces 6
Roof Flat
Sewer Sewer Connected
Structure Type Multi Family
Style Code 56 - 10+ Units
Units Below Grade false
Units In Building Total 11
Water Sewer Garbage 9533
Water Source Public
Building Area Total 6600
Country US
High School District Seattle
MLS Area Major _700QueenAnneMagnolia
View City, Sound
Waterfront no
Zoning Class Multi-Family
Zoning Jurisdiction City
Amenities Coin Op Laundry
First Right Of Refusal no
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Production Type Electric
Preliminary Title Ordered yes
Cap Rate 3.29
Gross Adjusted Income 174648
Gross Rent Multiplier 18.55
Gross Scheduled Income 183840
Insurance Expense 6379
Leasable Area 6600
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 112027
Other Expense 19000
Possession Closing, Tenant's Rights
Sale Type MLS
Seller Disclosure Not Provided
Special Listing Conditions None
Tax Annual Amount 27709
Tax Year 2023
Total Expenses 62621
Total Monthly Income 15320
Vacancy Rate 5

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15 Ward Street 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: Thursday, June 1st, 2023 08:29:43 PM.
Active Listing courtesy of Paragon Real Estate Advisors
Active Listing courtesy of Paragon Real Estate Advisors
Data services provided by IDX Broker