Sold

Listed by: Keller Williams Realty Bothell

Bought with: AgencyOne

$1,200,000

19415 28th Avenue NE, Lake Forest Park, WA 98155

8beds

4baths

3,640sqft

Multi Family

Built in 1979

-- sqft lot

$1,299,400 Zestimate^®

$330/sqft

$3,069 Estimated rent

Home value

$1,299,400

$1.21M - $1.40M

$3,069/mo

Zestimate^® history

Owner options

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$3,069/mo

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$3,069/mo

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$7,255/mo

Est. payment

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$7,255/mo

Est. payment

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What's special

Shared coin op laundrySecured building accessLarge wooded lotNew roof

Value add opportunity in Lake Forest Park, WA. Nestled on a quiet dead-end street between I5 and lake Washington, The large wooded lot offers tenants ample space to enjoy the outdoors. Built 1979 this 4-plex not only offers secured building access excellent but also ample potential for significant upside in raising rents, landscape improvements and unit upgrades. Featuring four generous 2-bed, 1-bath units, each 910 sq ft, complete with fireplaces. Recent upgrades include a new roof and windows in 2022 with a transferable warranty. Shared coin op laundry on site for additional income. Close to all amenities, The low cap rate is a reflection of the rents being way below market .

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Heating

Baseboard, Electric

Cooling

None

Features

Flooring: Carpet
Has fireplace: No

Interior area

Total structure area: 3,640
Total interior livable area: 3,640 sqft

Property

Parking

Total spaces: 8
Parking features: Open
Uncovered spaces: 8

Lot

Size: 10,136 sqft
Features: Dead End Street

Details

Parcel number: 8665900010
Zoning description: Multi-Family,Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Siding
Roof: Composition

Condition

Good
Year built: 1979
Major remodel year: 2001

Utilities & green energy

Sewer: Sewer Connected

Community & neighborhood

Location

Region: Seattle
Subdivision: Ballinger

Other

Other facts

Listing terms: Conventional
Cumulative days on market: 104 days

Price history

Date	Event	Price
6/10/2024	Sold	$1,200,000-14.3%$330/sqft
Source: NWMLS as distributed by MLS GRID #2211292 Report a problem
3/26/2024	Pending sale	$1,400,000$385/sqft
Source: NWMLS as distributed by MLS GRID #2211292 Report a problem
3/20/2024	Listed for sale	$1,400,000$385/sqft
Source: NWMLS as distributed by MLS GRID #2211292 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$11,060 +6.6%	$1,063,000 +10.2%
2024	$10,373 -8.8%	$965,000 -4.5%
2023	$11,372 +13.9%	$1,010,000 +0.4%
2022	$9,983 -11.3%	$1,006,000 +1.3%
2021	$11,257 -14.1%	$993,000 -7.6%
2020	$13,097 +19.8%	$1,075,000 +19.4%
2019	$10,930 +4.5%	$900,000 +1.4%
2018	$10,461 +9.6%	$888,000 +12.5%
2017	$9,542 +31.9%	$789,000 +14.7%
2016	$7,234	$688,000 +3.1%
2015	$7,234	$667,000 +23.1%
2014	$7,234	$542,000 -3.6%
2013	$7,234	$562,000 +4.1%
2012	--	$540,000 +20.5%
2011	--	$448,000 -10.8%
2010	--	$502,000
2009	--	$502,000 +18.7%
2007	--	$423,000 +7.4%
2006	--	$394,000
2005	--	$394,000 +47.6%
2001	$4,046 -3.6%	$267,000 +4.9%
2000	$4,196	$254,500