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1419 E Olive St

Seattle, WA 98122 View Map $1,325,000 Schedule a Tour
Sq.Ft.2,750
Year1945
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Conor MacEvilly

Conor MacEvilly

(206) 349-8477
 
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Listing Office

Office:Paragon Real Estate Advisors

multi-family for sale at 1419 E Olive St Seattle, WA 390 - Central Seattle 98122, MLS#2004144


Status: Pending
Property Type:Multi-Family
MLS® #:2004144
Sq. Feet:2,750
On Site:59 Days
Lot Size:3,840 Sq. Ft.
County:King
This triplex offers a unique mix of units - one 1BD/1BTH unit, one 2BD/1BTH unit, and one 3BD/1.75BTH townhouse-style unit. The building sits back off the street, behind a charming courtyard, giving occupants a great spot to enjoy summer days. The units are currently renting well below market presenting significant rental upside. The property will operate at a 4.8% CAP rate when rents are brought up to market. The condition of the units also gives a buyer the opportunity to update the units and capture higher rents. The location is great for commuters heading to both north or south Seattle as it is only a few blocks to the Capitol Hill Light Rail Station. Cal Anderson Park and Broadway Avenue are also just a few blocks away.

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$000 Monthly Payment
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Detailed Maps

Community Information

Address:1419 E Olive St Seattle, WA 98122
Area:390 - Central Seattle
County:King
City:Seattle
School District:Seattle
Subdivision:Capitol Hill
Zip Code:98122

Architecture

Year Built:1945
Stories:2
Building Style: Tri-plex
Roof: Composition

Features / Amenities

Exterior Features: Brick
Heating Cooling Type: Baseboard

Property Features

Lot Size: 0.09 Acres / 3,840 Sq. Ft.
Utilities: Sewer Connected, Electricity Available
Sewer: Sewer Connected
Directions:From 1-5 N, take exit 164A, left onto 7th Ave, right onto Madison, left onto 15th, left onto E Olive, property is on the left

Tax and Financial Info

Tax Year: 2022
Tax Annual Amount: $10,578
Insurance Expense: $1,138
Net Income: $59,082
Listing Terms: Cash Out, Conventional, FHA
Total Monthly Income: $6,542
Net Operating Income: $59,082
Total Expenses: $17,067
Offers: Seller intends to review offers upon receipt
Possession: Closing

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1419 E Olive St Seattle, WA 98122
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1419 E Olive St Seattle, WA 98122
 
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All listings featuring the icon Board of Realty Logo are provided courtesy of the Northwest Multiple Listing Service (NWMLS), Copyright 2022. All rights reserved. The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The information contained in these listings has not been verified by Keller Williams Realty Greater Seattle and should be verified by the buyer. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing information last updated on December 2, 2022 at 10:15 PM PST.