This pride of ownership property consists of 2 buildings a duplex & a triplex with 4 2-bed units & an open 1-bed loft. All units feat. skyline views, hardwood floors, upgrd. kitchens & baths, cmmn laundry, off-street parking & mature landscaping. Well maintained, elec is updated, new roofs & water main. Ownership added a permitted 5th unit & potential to convert similar space in the 2nd building to a 6th. Potential for future redevelopment (buyer to verify). With only 36 MF units in the nbhd, the property experiences a stable rent roll with turnovers quickly leased, Buyers have the opportunity to invest or owner occupy in a coveted location with high quality of life or potentially capitalize on the limited rental stock with an add'l unit.
Sold
Listed by: Lee & Associates Commercial RE • Daniel Lim
Bought with: eXp Realty
$1,700,000
1501 31st Avenue S, Seattle, WA 98144
--beds
--baths
3,350sqft
Multi Family
Built in 1927
-- sqft lot
$1,626,300 Zestimate®
$507/sqft
$3,825 Estimated rent
Home value
$1,626,300
$1.48M - $1.77M
$3,825/mo
Zestimate® history
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$10,286/mo
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List your homeWhat's special
Off-street parkingMature landscapingSkyline viewsHardwood floorsNew roofs
Zillow last checked:
Listing updated:
Listed by:
Daniel Lim,
Lee & Associates Commercial RE,
Christopher Larsen,
Lee & Associates Commercial RE
Bought with:
James Runyon
eXp Realty
Michelle Clark, 24675
eXp Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2270772
Facts & features
Interior
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Ceramic Tile, Softwood, Hardwood
- Has fireplace: No
Interior area
- Total structure area: 3,350
- Total interior livable area: 3,350 sqft
Property
Parking
- Total spaces: 5
- Parking features: Open
- Uncovered spaces: 5
Features
- Patio & porch: Ceramic Tile, Fir/Softwood, Hardwood
- Has view: Yes
- View description: City, See Remarks, Sound
- Has water view: Yes
- Water view: Sound
Lot
- Size: 5,998 Square Feet
- Features: Curbs, Sidewalk, Deck
Details
- Parcel number: 6909700245
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 5-9 Units
- Property subtype: Multi Family
Materials
- Stucco, Wood Products
- Foundation: See Remarks
- Roof: Flat
Condition
- Good
- Year built: 1927
- Major remodel year: 1990
Utilities & green energy
- Sewer: Sewer Connected
- Water: Community
Community & HOA
Community
- Subdivision: Mt Baker
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $507/sqft
- Tax assessed value: $1,423,000
- Annual tax amount: $14,833
- Date on market: 12/24/2024
- Cumulative days on market: 575 days
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 1/6/2025 | Sold | $1,700,000-1.4%$507/sqft |
Source:  NWMLS as distributed by MLS GRID #2270772 Report a problem | ||
| 9/11/2024 | Pending sale | $1,725,000$515/sqft |
Source: NWMLS as distributed by MLS GRID #2270772 Report a problem | ||
| 7/29/2024 | Listed for sale | $1,725,000+287.6%$515/sqft |
Source: NWMLS as distributed by MLS GRID #2270772 Report a problem | ||
| 6/5/2000 | Sold | $445,000+18.7%$133/sqft |
Source: Public Record Report a problem | ||
| 1/6/1999 | Sold | $375,000$112/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,703 +11.5% | $1,423,000 +3.9% |
| 2024 | $13,182 -11.1% | $1,370,000 -13.1% |
| 2023 | $14,833 +8.6% | $1,577,000 -2.5% |
| 2022 | $13,653 +2.2% | $1,617,000 +11% |
| 2021 | $13,360 -10.7% | $1,457,000 -6.5% |
| 2020 | $14,968 +6.9% | $1,558,000 +6% |
| 2019 | $13,997 +20.9% | $1,470,000 +9% |
| 2018 | $11,574 -1.3% | $1,349,000 +13.6% |
| 2017 | $11,728 +39.8% | $1,188,000 -3.5% |
| 2016 | $8,390 | $1,231,000 +15.6% |
| 2015 | $8,390 | $1,065,000 +21.7% |
| 2014 | $8,390 | $875,000 +3.6% |
| 2013 | $8,390 | $845,000 +55% |
| 2012 | -- | $545,000 |
| 2011 | -- | $545,000 +1.9% |
| 2010 | -- | $535,000 |
| 2009 | -- | $535,000 -1.3% |
| 2007 | -- | $542,000 +17.8% |
| 2006 | -- | $460,000 +10% |
| 2005 | -- | $418,000 +19.8% |
| 2001 | $4,110 +80.6% | $349,000 +93.9% |
| 2000 | $2,276 | $180,000 |
Find assessor info on the county website
Neighborhood: Mt. Baker
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Nearby schools
GreatSchools rating
- 5/10Leschi Elementary SchoolGrades: K-5Distance: 0.9 mi
- 5/10Edmonds S. Meany Middle SchoolGrades: 6-8Distance: 2.3 mi
- 4/10Franklin High SchoolGrades: 9-12Distance: 0.9 mi
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Estimated market value
$1,626,300
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Estimated market value
$1,626,300
- Washington
- King County
- Seattle
- 98144
- Mt. Baker
- 1501 31st Avenue S
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