Investor Alert! Turnkey opportunity with immediate cash flow and future development potential. This fully occupied Duplex, upstairs 2/1 and downstairs 1/1 property generates stable rental income, with both units leased. Situated on NR3-zoned land, the property offers investors the opportunity to collect income while evaluating redevelopment possibilities and maximizing the site's future value. The property underwent updates exterior paint (2025), deck repair (2021) , new sewer line (2022), unit B was remodeled in 2021. Upstairs tenant has been there long term, downstairs has been rented as a furnished apartment to traveling nurses via the Furnished Finders system.
Pending
Listed by: Keller Williams Eastside • Genine Wood
$900,000
3033 31st Avenue W, Seattle, WA 98199
3beds
2baths
1,800sqft
Duplex, Multi Family
Built in 1946
-- sqft lot
$896,900 Zestimate®
$500/sqft
$-- HOA
What's special
- --
- on Zillow
- 30
- views
- 0
- saves
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Genine Wood,
Keller Williams Eastside
Source: NWMLS as distributed by MLS GRID,MLS#: 2551103
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Baseboard, Forced Air, Electric, Natural Gas, Wood
Cooling
- None
Features
- Flooring: Hardwood, Vinyl Plank
- Has fireplace: No
Interior area
- Total structure area: 1,800
- Total interior livable area: 1,800 sqft
Property
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 6,655 Square Feet
- Features: Curbs, Paved, Sidewalk, Cable TV, Deck, Fenced-Partially, Gas Available, Outbuildings, Patio
Details
- Parcel number: 1425039024
- Zoning description: Multi-Family
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1946
Utilities & green energy
- Electric: Company: City of Seattle
- Sewer: Sewer Connected, Company: City of Seattle
- Water: Public, Company: City of Seattle
- Utilities for property: Century Link
Community & HOA
Community
- Subdivision: Magnolia
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $500/sqft
- Tax assessed value: $909,000
- Annual tax amount: $7,919
- Date on market: 7/8/2026
- Listing terms: Conventional
Estimated market value
$896,900
$852,000 - $942,000
$3,601/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2026 | Pending sale | $900,000$500/sqft |
Source:  NWMLS as distributed by MLS GRID #2551103 Report a problem | ||
| 7/8/2026 | Listed for sale | $900,000$500/sqft |
Source: NWMLS as distributed by MLS GRID #2551103 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,004 +9.3% | $909,000 +1.9% |
| 2024 | $9,150 +15.5% | $892,000 +12.3% |
| 2023 | $7,919 +2.8% | $794,000 -8.1% |
| 2022 | $7,703 +9.4% | $864,000 +19.3% |
| 2021 | $7,043 +4.7% | $724,000 +10.4% |
| 2020 | $6,725 -3% | $656,000 -4.8% |
| 2019 | $6,934 +14.8% | $689,000 +3.6% |
| 2018 | $6,041 -0.4% | $665,000 +14.1% |
| 2017 | $6,068 +45.4% | $583,000 +9.8% |
| 2016 | $4,175 | $531,000 +10.9% |
| 2015 | $4,175 | $479,000 +16.5% |
| 2014 | $4,175 | $411,000 +4.1% |
| 2013 | $4,175 | $395,000 +13.5% |
| 2012 | -- | $348,000 -1.7% |
| 2011 | -- | $354,000 -5.6% |
| 2010 | -- | $375,000 |
| 2009 | -- | $375,000 -1.1% |
| 2007 | -- | $379,000 +6.8% |
| 2006 | -- | $355,000 +8.2% |
| 2005 | -- | $328,000 +40.2% |
| 2001 | $2,784 +20.8% | $234,000 +27.9% |
| 2000 | $2,305 | $183,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Magnolia
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