2116 N 112th St $5,800,000


    2116 N 112th St Seattle, WA 98133

    • 0 Beds
    • 0 Baths
    • 20,400 sq.ft.
    • Multi-Family
    Listing# 1517858 | Active
    Days On Market: 40 15 Views
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    Property Details

    Northgate 20-unit apartment building with a wide array of potential value-add opportunities such as immediately raising the well below market rents, increasing the number of apartments within the existing structure, renovating the eight remaining non updated units or reconfiguring existing floor plans to add additional bedrooms. Building offers secured access entry, territorial and mountain views, and plenty of on-site parking. First time on the market in over 30 years!

    • General Features
      • County King
      • County King
      • Lot Square Footage 16,211
      • Number of Stories 4
      • Number of Units 20
      • Style 56-10+ Units
      • Year Built 1973
    • Building Features
      • Roof Flat
      • Exterior Cement/Concrete, Wood, Wood Products
      • Amenities Coin Op Laundry, Storage
      • Approx SqFt 20,400
    • Financials
      • Total Monthly Income $30,350
      • Net Operating Income $241,801
      • Gross Scheduled Income $364,200
      • Gross Adjusted Income $353,274
      • Total Expenses $111,473
      • Other Expenses $32,650
      • Insurance Expenses $6,507
      • Expenses $111,473
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 15
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $48,061
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Sewer Company Sewer Connected
    • Schools
      • School District Seattle



    98133 (Seattle) Demographics

    39Median Age
    6,698Population Density (per sq. mile)
    52%College Educated
    $54,707 Estimated Median Income
    10,109Estimated Total Home Owners
    11,160Estimated Total Renters
    48% / 52%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    47,522Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $585,000 Median Sales Price
    50 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: $5,800,000
        9/11/2019 1:51:00 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.