5338 15th Ave S $1,898,000

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    5338 15th Ave S Seattle, WA 98108

    • 0.28 Acres
    • Commercial/Industrial
    Listing# 1517741 | Active
    Days On Market: 42 11 Views
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    Property Details

    2019 Rezoned to NC 140 commercial and multi-family apartment use. Prime location for development! Easy access to I-5. Corner lot located in the heart of Beacon Hill in Seattle. Excellent exposure with High School and newer apartments building across the street. Currently occupied by a church (3,990 sq ft) with 2 BR & 2 BA apartment on upper level (1,508 sq ft). Retain lease for income until ready for development. Value in land.

    • General Features
      • County King
      • Approx Building SqFt 5,498
      • Approx Office SqFt 5,498
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Business, Commercial, Industrial-Light, Multi-Family, Office
      • Lot Dimensions 112 x 108
      • Style 60-Comm Bldg Und 10K
      • Total Covered Parking 0
      • Total Uncovered Parking 18
      • Zoning Jurisdiction City
    • Building Features
      • Exterior Stucco
      • Foundation Poured Concrete
      • Roof Flat
      • Floor Covering Ceramic Tile, Concrete, Wall-to-Wall Carpet
      • Features Storage
      • Heating and Cooling Forced Air
      • Loading 1-3 Bays, 10'-15' Doors
    • Property Features
      • Depth of Lot 0
      • Site Frontage 0
      • Environment Survey Y
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Sewer Company Seattle Public Utilities
      • Energy Source Electric
      • Power Company Seattle City Light
      • Number of Available Pads 0
      • Lot Square Footage 12,086
    • Financials
      • Vacancy Rate 0
      • Total SqFt Rented 5,498
      • Total Monthly Rent $6,000
      • Gross Rent Multiplier 0
      • Cap Rate -NOI div LP 3
      • Gross Scheduled Income $72,000
      • Gross Adjusted Income $72,000
      • Total Expenses $11,141
      • NOI $60,859
      • Electrical Expenses $0
      • Tax Expense $9,741
      • Heating Expense $0
      • Insurance Expense $1,400
      • Other Expenses $0
      • Tax Year 2018
      • Annual Assoc. Dues $0

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    Neighborhood

    98108 (Seattle) Demographics

    35Median Age
    3,252Population Density (per sq. mile)
    39%College Educated
    $53,411 Estimated Median Income
    4,665Estimated Total Home Owners
    3,671Estimated Total Renters
    56% / 44%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    24,351Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $593,000 Median Sales Price
    20 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: $1,898,000
        9/11/2019 11:23:00 AM 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.