812 29th Avenue S

Seattle, Washington WA98144

Discover the ultimate investment opportunity near Lake Washington in Leschi. This commercial property features two 4-unit buildings, an extra 3,000 sq ft lot, and a total investment space of 15,000 sq ft. Each of the 8 units offers 800 sq ft of comfortable living space with 2 beds and 1 bath, along with convenient parking and storage options. With development potential and a prime location near downtown Seattle, this property is a smart investment choice. Don't miss out! Contact us now to schedule a viewing.

About This Property

Listing ID2069641
SqFt 6,935
Acres 0.344
SubdivisionCentral Area
Year Built1963
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Central Area
Year Built 1963
Building Area Units Square Feet
Flooring Laminate
Furnished Unfurnished
Interior Features Laminate
Living Area Units Square Feet
Stories Total 3
Carport Spaces 1
Covered Spaces 6
Elevation Units Feet
Exterior Features Stone, Stucco
Foundation Details Slab
Lot Features Curbs
Lot Number 12
Lot Size Dimensions 100ftx150
Lot Size Square Feet 15000
Lot Size Units Square Feet
MLS Lot Size Source Public Records
Number Of Units Total 8
Parking Total 8
Roof Flat
Sewer Sewer Connected
Sewer Company city lights
Structure Type Multi Family
Style Code 55 - 5-9 Units
Units Below Grade false
Units In Building Total 8
Water Company city lights
Water Sewer Garbage 15026.36
Water Source Public
Block 6
Building Area Total 6935
Country US
Elementary School Thurgood Marshall El
High School Garfield High
High School District Seattle
Middle Or Junior School Wash Mid
MLS Area Major 390 - Central Seattle
View Territorial
Waterfront no
Zoning Class See Remarks
Amenities Coin Op Laundry,Storage
Effective Year Built Source Public Records
First Right Of Refusal no
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use See Remarks
Power Company city lights
Power Production Type Electric
Preliminary Title Ordered yes
Property Condition Good
Year Built Effective 1990
Cap Rate 3.4
Gross Adjusted Income 192000
Gross Rent Multiplier 23.9
Gross Scheduled Income 180000
Insurance Expense 3500
Leasable Area 6408
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 146968
Possession Closing, Tenant's Rights
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 26505.75
Tax Year 2022
Total Expenses 45032.11
Total Monthly Income 14800
Vacancy Rate 5

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812 29th Avenue S Seattle, WA 98144

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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 09:34:54 PM.
Active Listing courtesy of Windermere RE/Maple Valley
Active Listing courtesy of Windermere RE/Maple Valley
Data services provided by IDX Broker