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633 W Emerson St
Seattle, WA 98119

$1,499,000 USD

Multifamily For Sale • 2,789 SF

Property Details

Property Type Multifamily
Total Building Size 2,900 SF
Lot Size 0.06 AC
Year Built 1962
Cap Rate 5.11 %
Zoning LR1 (M)

61 Transit Score

66 Walk Score

                
                    Highlights
                
                                Excellent North Queen Anne location
                            
                                2 blocks from Seattle Pacific University campus
                            
                                4 units: (3) two-bedroom/one-bathroom and (1) one-bedroom/ one-bathroom
                            
                                Immediate upside in income in current condition with further upside through renovation
                            
                                In-unit laundry in every apartment

Property Flyers

633 W Emerson - RPIWDD1

Financial Summary (Actual)

Net Operating Income: $64,704 USD (2023)

Cap Rate:	5.11 %
Total Expenses:	$27,437 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))	13 min	-	5.7 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	32 min	-	17.2 mi
Seattle Paine Field International	38 min	-	22.8 mi

Will Douglas 206-457-6775 Paragon Real Estate Advisors

633 W Emerson St Seattle, WA 98119