Excellent investment opportunity located on a quiet, dead-end street near Alaska & Morgan Junction amenities, Fairmount Park, & w/easy access to the West Seattle bridge. This well-maintained 4-plex includes 2 bed, 1 bath end-units approx 820 SF, all w/good natural light, functional layouts, a small deck or yard, & in-unit W/D. Enjoy solid income w/the ability to improve operations, renovate on turnover, or potential to owner-occupy. Find an attached 2-car garage & sizable storage areas + an additional 6-8~ tandem parking off the alley. The 6,545 SF street-to-alley LR2(M) lot provides future development potential. Recent improvements include exterior paint & reglazing 36 windows. This is a flexible asset w/ multiple investment strategies.
Sold
Listed by: Windermere Real Estate Co. • Thomas Cowan
Bought with: KW Mountains to Sound Realty
$1,365,000
5221 38th Avenue SW, Seattle, WA 98126
8beds
4baths
3,280sqft
Quadruplex, Multi Family
Built in 1954
-- sqft lot
$1,345,300 Zestimate®
$416/sqft
$2,418 Estimated rent
Home value
$1,345,300
$1.18M - $1.51M
$2,418/mo
Zestimate® history
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$8,259/mo
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Good natural lightSmall deck or yardFunctional layoutsQuiet dead-end streetExterior paint
Zillow last checked:
Listing updated:
Listed by:
Thomas Cowan,
Windermere Real Estate Co.
Bought with:
Tim McQuery, 16811
KW Mountains to Sound Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2344856
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl, Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,280
- Total interior livable area: 3,280 sqft
Property
Parking
- Total spaces: 8
- Parking features: Open
- Covered spaces: 2
- Uncovered spaces: 6
Lot
- Size: 6,547 Square Feet
- Features: Curbs, Dead End Street, Paved, Sidewalk, Value In Land
Details
- Parcel number: 3259400055
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1954
- Major remodel year: 1987
Utilities & green energy
- Electric: Company: Seattle City Light
- Sewer: Sewer Connected, Company: Seattle Public Utilities
- Water: Company: Seattle Public Utilities
Community & HOA
Community
- Subdivision: Fairmount
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $416/sqft
- Tax assessed value: $1,175,000
- Annual tax amount: $11,884
- Date on market: 6/29/2025
- Cumulative days on market: 388 days
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2025 | Sold | $1,365,000-0.7%$416/sqft |
Source:  NWMLS as distributed by MLS GRID #2344856 Report a problem | ||
| 5/8/2025 | Pending sale | $1,375,000$419/sqft |
Source: NWMLS as distributed by MLS GRID #2344856 Report a problem | ||
| 4/30/2025 | Listed for sale | $1,375,000+5.8%$419/sqft |
Source: NWMLS as distributed by MLS GRID #2344856 Report a problem | ||
| 2/17/2025 | Listing removed | $2,339$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/8/2025 | Listed for rent | $2,339+33.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/28/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 10/15/2021 | Price change | $1,750-6.7%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/28/2021 | Price change | $1,875-5.1%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/25/2021 | Price change | $1,975-3.7%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/14/2021 | Price change | $2,050-4.7%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/9/2021 | Price change | $2,150-4.4%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 8/17/2021 | Listed for rent | $2,250$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 5/11/2018 | Sold | $1,300,000-3.7%$396/sqft |
Source: NWMLS as distributed by MLS GRID #1252737 Report a problem | ||
| 3/18/2018 | Pending sale | $1,350,000$412/sqft |
Source: West Seattle Realty #1252737 Report a problem | ||
| 3/14/2018 | Listed for sale | $1,350,000+132.4%$412/sqft |
Source: West Seattle Realty #1252737 Report a problem | ||
| 3/8/2010 | Sold | $581,000-19.2%$177/sqft |
Source: NWMLS as distributed by MLS GRID #18169 Report a problem | ||
| 5/2/2008 | Listing removed | $719,000$219/sqft |
Source: Real Property Associates (RPA) #28073851 Report a problem | ||
| 4/30/2008 | Listed for sale | $719,000+33.1%$219/sqft |
Source: Real Property Associates (RPA) #28073851 Report a problem | ||
| 1/6/2006 | Sold | $540,000$165/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,923 +8.7% | $1,175,000 +1.3% |
| 2024 | $11,884 -6.5% | $1,160,000 -9.4% |
| 2023 | $12,705 +20.1% | $1,280,000 +9% |
| 2022 | $10,583 -3.8% | $1,174,000 +3.6% |
| 2021 | $10,997 -13.4% | $1,133,000 -10.4% |
| 2020 | $12,697 -0.1% | $1,264,000 -1.5% |
| 2019 | $12,706 +38.1% | $1,283,000 +26.5% |
| 2018 | $9,201 +3.5% | $1,014,000 +19.2% |
| 2017 | $8,887 +60.9% | $851,000 +13.2% |
| 2016 | $5,522 | $752,000 +22.3% |
| 2015 | $5,522 | $615,000 +15.2% |
| 2014 | $5,522 | $534,000 +4.1% |
| 2013 | $5,522 | $513,000 -13.1% |
| 2012 | -- | $590,000 |
| 2011 | -- | $590,000 -2.2% |
| 2010 | -- | $603,100 |
| 2009 | -- | $603,100 +10.9% |
| 2007 | -- | $544,000 +47% |
| 2006 | -- | $370,000 +5.4% |
| 2005 | -- | $351,000 +28.1% |
| 2001 | $3,267 +17.8% | $274,000 +24.5% |
| 2000 | $2,774 | $220,000 |
Find assessor info on the county website
Neighborhood: Fairmount Park
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Nearby schools
GreatSchools rating
- 7/10Fairmount Park ElementaryGrades: PK-5Distance: 0.2 mi
- 9/10Madison Middle SchoolGrades: 6-8Distance: 1.3 mi
- 7/10West Seattle High SchoolGrades: 9-12Distance: 1.5 mi
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Estimated market value
$1,345,300
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Estimated market value
$1,345,300
- Washington
- King County
- Seattle
- 98126
- Fairmount Park
- 5221 38th Avenue SW
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