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2845 21st Ave W
Seattle, WA 98199

$1,150,000 USD

Multifamily For Sale • 2,400 SF

Property Details

Property Type Multifamily
Total Building Size 2,400 SF
Lot Size 0.12 AC
Year Built 1959
Cap Rate 4.50 %
Zoning NR3

50 Transit Score

68 Walk Score

                
                    Highlights
                
                                Owner-user opportunity to occupy one of the vacant units
                            
                                Value-add opportunity to renovate the 2 vacant units and achieve market rents
                            
                                Lease vacant units with tenants paying market rent on day one
                            
                                Develop an ADU/DADU on the back of the lot (Buyer to verify)
                            
                                Ideal Magnolia location walking distance to local café’s, restaurants and small businesses
                            
                                4 off-street parking spaces in the alley

Property Flyers

2845 21st Ave W - BPDMJUBPD

Financial Summary (Actual)

Net Operating Income: $51,803 USD (2024)

Cap Rate:	4.50 %
Total Expenses:	$15,115 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	15 min	-	5.0 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	36 min	-	19.4 mi
Seattle Paine Field International	42 min	-	23.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes

Ben Douglas 206-812-9101 Paragon Real Estate Advisors

2845 21st Ave W Seattle, WA 98199