Enjoy cashflow & stability while planning future development upside! Current financials of this building are above average for comps but the differentiating quality of this opportunity is found in the extraordinary upside. 6-unit building (five are 2bedrooms) w/ addtl SFH (2bds/1ba) sits on a 7,650 sqft street-to-street lot w/ coveted LR-3 zoning. Three viable upside options: 1) add rental units or build/sell townhomes where SFH currently sits; 2) expand existing units into under-utilized interior space (there are two large interior staircases, one could be repurposed to pick up an entire bedroom on three units); and 3) align rents with market-rate. Loads of off-street parking. Close commute to high-income jobs + Whole Foods & Trader Joe's.
Sold
Listed by: Realogics Sotheby's Int'l Rlty
Bought with: Realogics Sotheby's Int'l Rlty
$1,800,000
3422 21st Avenue W, Seattle, WA 98199
--beds
--baths
6,835sqft
Multi Family
Built in 1968
-- sqft lot
$1,868,300 Zestimate®
$263/sqft
$2,750 Estimated rent
Home value
$1,868,300
$1.66M - $2.09M
$2,750/mo
Zestimate® history
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$10,987/mo
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Zillow last checked:
Listing updated:
Listed by:
Eleanor Heyrich Payne,
Realogics Sotheby's Int'l Rlty
Bought with:
Phil Greely, 101381
Realogics Sotheby's Int'l Rlty
Source: NWMLS as distributed by MLS GRID,MLS#: 2233647
Facts & features
Interior
Heating
- Wall Unit(s), Electric
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 6,835
- Total interior livable area: 6,835 sqft
Property
Parking
- Total spaces: 10
- Parking features: Open
- Uncovered spaces: 10
Features
- Patio & porch: Wall to Wall Carpet
- Has view: Yes
- View description: Territorial
Lot
- Size: 7,649 sqft
Details
- Parcel number: 2771102065
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Metal/Vinyl
- Foundation: Poured Concrete
- Roof: See Remarks
Condition
- Good
- Year built: 1968
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: SPU
- Water: Public, Company: SPU
Community & neighborhood
Location
- Region: Seattle
- Subdivision: Magnolia
Other
Other facts
- Listing terms: Conventional
- Cumulative days on market: 630 days
Price history
| Date | Event | Price |
|---|---|---|
| 8/23/2024 | Sold | $1,800,000-10%$263/sqft |
Source:  NWMLS as distributed by MLS GRID #2233647 Report a problem | ||
| 6/27/2024 | Pending sale | $2,000,000$293/sqft |
Source: NWMLS as distributed by MLS GRID #2233647 Report a problem | ||
| 5/8/2024 | Listed for sale | $2,000,000$293/sqft |
Source: NWMLS as distributed by MLS GRID #2233647 Report a problem | ||
| 6/27/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/25/2023 | Listed for rent | $1,600+33.9% |
Source: Zillow Rentals Report a problem | ||
| 2/16/2016 | Listing removed | $1,195 |
Source: Apple Property Management Report a problem | ||
| 2/8/2016 | Price change | $1,195+3.9% |
Source: Apple Property Management Report a problem | ||
| 2/5/2016 | Listed for rent | $1,150 |
Source: Apple Property Management Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Magnolia
Nearby schools
GreatSchools rating
- 7/10Magnolia Elementary SchoolGrades: K-5Distance: 0.8 mi
- 8/10McClure Middle SchoolGrades: 6-8Distance: 1.5 mi
- 9/10Ballard High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Magnolia Elementary
- Middle: Mc Clure Mid
- High: Ballard High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,868,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,868,300
- Washington
- King County
- Seattle
- 98199
- Magnolia
- 3422 21st Avenue W
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