8330 Wabash Ave S $815,000

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    8330 Wabash Ave S Seattle, WA 98118

    • 0 Beds
    • 0 Baths
    • 3,500 sq.ft.
    • Multi-Family
    Listing# 1464392
    SOLD 8/15/2019

    $815,000

    Days On Market: 62 0 Views
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    Property Details

    Opportunity Zone Census Tract 118. Great 4plex on 8,000 sq ft LR2 M zoned lot with alley access near light rail! All 2 bed units, coin op laundry, 8 offstreet parking spots. Property sits in recently upzoned neighborhood, very close to light rail station, 1 block to bus stop and short walk to several lakefront parks. 5% + cap rate in Seattle at $212,500 / unit, with great future development potential. Dont miss this one!

    • General Features
      • County King
      • Zoning Code Multi-Family
      • County King
      • Lot Details Alley, Paved Street, Sidewalk
      • Lot Square Footage 8,000
      • Number of Stories 2
      • Number of Units 4
      • Site Features Cable TV, Fenced-Partially, Gas Available, RV Parking
      • Style 54-4-Plex
      • View Territorial
      • Year Built 1952
    • Building Features
      • Roof Compostion
      • Exterior Wood
      • Approx SqFt 3,500
      • Foundation Poured Concrete
    • Financials
      • Total Monthly Income $4,565
      • Net Operating Income $42,951
      • Gross Scheduled Income $54,780
      • Gross Adjusted Income $53,136
      • Total Expenses $10,185
      • Other Expenses $0
      • Insurance Expenses $800
      • Expenses $10,185
      • Heating Expenses $0
      • Electrical Expenses $100
      • Gross Rent Multiplier 15
    • Utilities and Taxes
      • Tax Year 2018
      • Tax Amount $5,685
      • Energy Source Electric
      • Heating and Cooling Baseboard, Wall
      • Water Company City of Seattle
      • Sewer Company Sewer Connected
    • Schools
      • School District Seattle

    Neighborhood

    98118 (Seattle) Demographics

    38Median Age
    7,152Population Density (per sq. mile)
    44%College Educated
    $56,745 Estimated Median Income
    9,128Estimated Total Home Owners
    6,911Estimated Total Renters
    57% / 43%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    44,686Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $549,950 Median Sales Price
    49 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        8/15/2019 12:00:00 AM Sold Source New Value: $815,000
        7/16/2019 8:11:05 PM Status Changed Source New Value: Pending

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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.