1806 16th Avenue Seattle, WA $ 1,498,000
1806 16th Avenue
$ 1,498,000
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1806 16th Avenue

Seattle, WA, 98122
$ 1,498,000
Baths0.0 Sq 2,600

Monthly Estimate*

$ 9,956

Listed by Lee & Associates Commercial RE
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1806 16th Avenue, Seattle, WA 98122 - Image 14
View a Virtual Tour
Studio

Multi-Family Home for sale in Seattle, WA

for $1,498,000. This 2,600 square foot home was built in 1906 on a lot size of 0.1143.

Capitol Hill 5 unit west facing towards Seven Hills Park across the street, features good natural light exposure & views from the top floor. Units have received updates on turnover with most units receiving laminate floors & appliances. The building received Milgard insulated window replacements in 2017. 4 Off-street parking spots. The building is steps from the charming cafes, restaurants & shops of the 15th Ave retail corridor. Current rents are well below market & 2 units will be delivered vacant allowing investors to reset rents or commence updates upon closing or convert to SFR. A desirable location that provides a high quality of living experience, 1806 16th Ave offers significant operational upside within the Seattle core.

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Multi-Family Pending

Price

$ 1,498,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 15,087

Style

5-9 Units

Lot Size

0.1143

Year Built

1906

Town/City

Seattle

County/Region

King

MLS | Web ID

2205242

Features
General
Interior Features Wall to Wall Carpet
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Composition
Exterior Features Metal/Vinyl
HOA 0
Year Built 1906
View City
Property SubType Multi-Family
Tax Year 2024
County King
Net Operating Income 59580
Insurance Expense 2942
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Energy Efficient Thermal Windows
Subdivision Name Capitol Hill
Special Listing Conditions None
Status Pending
Directions Headed east on E Thomas right on 16th 3 blocks south.
City Seattle
Buyer Agent Compensation 2.5
View Y/N Y
Senior Community Y/N N
High School District Seattle
Open Parking Spaces 4
NumberOfUnitsTotal 5
MLS Area 390 - Central Seattle
Lot Size Units Square Feet
Lot Size Square Feet 4980
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name 16th
Listing Terms Cash Out Conventional
Tax Annual Amount 15087
Electric Expense 0
Fuel Expense 0
Public Remarks Capitol Hill 5 unit west facing towards Seven Hills Park across the street features good natural light exposure & views from the top floor. Units have received updates on turnover with most units rec
Leasable Area 2600
Virtual Tour http://www.lee-associates.com/northwest/properties/?propertyId=1320916-sale&address=1806-16th-Ave&officeId=2085
Structure Type Multi Family
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Amenities Basement Coin Op Laundry Thermal Windows
Units Below Grade false
Units In Building Total 5
Water Sewer Garbage 5500
Property Style 55 - 5-9 Units
Cap Rate 3.98
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Interior
Flooring See Remarks Vinyl Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Bedrooms Possible 0
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Lot Features Adjacent to Public Land Alley Sidewalk
Total Parking 4
Building Area Total 2600
Lot Size Acres 0.1143
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 4
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Internal Only
OriginalMLSID NWM2205242
Street Number 1 1806
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* Excluded Features
List By
Daniel Lim

Listing Agent

Lee & Associates Commercial Re

Broker

Affordability Calculator

$11,213
Per Month
89%
11%
0%
Monthly Principal & Interest
$9,956
Monthly Property Taxes
$1,257
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257829 Elementary School
258279 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/29/2024$1,498,000 Listed Price

Map


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1806 16th Avenue, Seattle, WA, 98122 is a Multi-Family Home for sale at $1,498,000 with 2,600 sqft and a lot size of 0.1143. 1806 16th Avenue is a studio with 0.0 baths and was built in 1906. The property's zip code is 98122 which is in Seattle, WA