405 NW Market Street, Seattle, WA 98107

$1,435,000
3,620
SqFt

Listing courtesy of RE/MAX Elite. Selling Office: Keller Williams Eastside.

Sold Price
$1,435,000
List Price
$1,500,000
Status
SOLD
MLS#
2048618
Closing Date
May 12, 2023
Days on Market
13
Style
54 - 4-Plex
Building Condition
Very Good
Finished SqFt
3,620
Area Total SqFt
3620
Annual Tax Ammount
12954
Lot Size (sq ft)
5,282
Sewer
Sewer Connected

Property Description

Awesome opportunity to own this income generating 4-plex in the heart of highly sought after Ballard! Low maintenance & close to restaurants & shopping make this a desirable investment property. All units are 2 bedrooms, 1 bathroom & all have washers & dryers in unit & separate entries. Updated baths & fixtures. Each unit has a parking spot and off-street parking. Near major bus line & just minutes to downtown.

Additional Information

List Date
2023-04-29 00:00:00
Community
Ballard
Net Operating Income
$91,096
Gross Adjusted Income
$111,000
Gross Scheduled Income
$111,000
Total Monthly Income
$9,608
Insurance Expenses
$1,400
Water/Sewer/Garbage Expenses
$5,550
Gross Rent Multiplier
13.51
Total Expenses
$19,904
Cap Rate
0.06
Total Number of Units
4
Unit Name
405
Potential Terms
Cash Out, Conventional
Year Built
1959
View
Territorial
Roof
Built-Up
Site Features
Cable TV, Deck, Fenced-Fully, High Speed Internet, Patio
Energy Source
Electric
School District
Seattle
Elementary School
West Woodland
Middle School
Hamilton Mid
High School
Ballard High
Total Monthly Income
$9,608
Gross Scheduled Income
$111,000
Gross Adjusted Income
$111,000
Tax Year
2022
Insurance Expense
$1,400
W/S/G Expenses
$5,550
Total Expenses
$19,904
Net Operating Income
$91,096
Gross Rent Multiplier
13.51
Cap Rate
0.06
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