1308 N 38th St $2,250,000

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    1308 N 38th St Seattle, WA 98103

    • 0.05 Acres
    • Commercial/Industrial
    Listing# 1446098 | Active

    $2,250,000

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    Days On Market: 147 0 Views
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    Property Details

    6-Unit Apt Bldg + 700 storage room w/ NC2 55 Ft Urban Village zoning. At 38th & Stone Way - this is exciting corner of the city with many new mixed use properties, progressive businesses, etc. Close in location by Gas Works/ Fremont/ Burke Gilman Bike Trail may invite furnished apt/ short stay/ AirBnB uses, as well as hair salon, CPA, Attorney offices, etc. Really fun old bldg now all renovated systems & finishes, 1700 sq ft owners penthouse w/ view.

    • General Features
      • County King
      • Zoning Class Commercial
      • Zoning Jurisdiction City
      • Style 60-Comm Bldg Und 10K
      • Approx Building SqFt 5,451
      • Approx Whse/Mfg SqFt 0
      • Approx Office SqFt 700
      • Total Uncovered Parking 1
      • Total Covered Parking 0
      • Lot Dimensions 37 x 60
    • Building Features
      • Exterior Wood Products
      • Foundation Poured Concrete
      • Roof Flat
      • Floor Covering Ceramic Tile, Hardwood, Vinyl
      • Features Signage Included, Sprinklered
      • Heating and Cooling Wall
      • Ceiling Height 7 office / 10 Apts
    • Property Features
      • Lot Square Footage 2,158
      • Depth of Lot 60
      • Site Frontage 37
      • Water-Sewer-Garbage 8903
      • Sewer Sewer Connected
      • Sewer Company Seattle
      • Energy Source Natural Gas
      • Power Company Seattle
      • Number of Available Pads 0
    • Financials
      • Vacancy Rate 0
      • Total SqFt Rented 5,570
      • Total Monthly Rent $11,100
      • Gross Rent Multiplier 17
      • Cap Rate -NOI div LP 4.4
      • Gross Scheduled Income $133,200
      • Gross Adjusted Income $133,200
      • Total Expenses $34,269
      • NOI $98,931
      • Electrical Expenses $480
      • Tax Expense $14,210
      • Heating Expense $1,755
      • Insurance Expense $3,979
      • Annual Assoc. Dues $0
      • Other Expenses $4,942
      • Tax Year 2019

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    Neighborhood

    98103 (Seattle) Demographics

    33Median Age
    10,650Population Density (per sq. mile)
    80%College Educated
    $84,069 Estimated Median Income
    10,880Estimated Total Home Owners
    12,431Estimated Total Renters
    47% / 53%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    49,364Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $790,000 Median Sales Price
    65 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,250,000
        4/25/2019 3:01:00 PM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.