3910 NE 51st Street, Seattle, WA 98105
- $1,450,000
- 2,760
- SqFt
Listing courtesy of TEC Real Estate Inc..
- List Price
- $1,450,000
- Status
- ACTIVE
- MLS#
- 2579612
- Days on Market
- 0
- Style
- 52 - Duplex
- Finished SqFt
- 2,760
- Area Total SqFt
- 2760
- Annual Tax Ammount
- 11992
- Lot Size (sq ft)
- 4,800
- Sewer
- Sewer Connected
Property Description
Rare investment and development opportunity in Seattle’s highly desirable Bryant neighborhood. This well-maintained two-story duplex is fully occupied and currently generates approximately $59k in annual net income, providing immediate cash flow while offering compelling future redevelopment potential. Preliminary plans envision five modern townhomes averaging approximately 1,400 square feet each, with the SIP process approximately 90% complete and nearing building permit submission. The existing property offers a generous front yard, ample street parking, and direct access to the Burke-Gilman Trail. Ideally positioned just a mile from the University of Washington and minutes from University Village, light rail, neighborhood amenities, major employment centers, parks, dining and shopping. An exceptional opportunity to hold, develop, or reposition a well-located income-producing property in one of Seattle’s most established and sought-after neighborhoods.
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Additional Information
- List Date
- 2026-09-08 22:29:15
- Community
- Bryant
- Net Operating Income
- $59,443
- Gross Adjusted Income
- $79,620
- Gross Scheduled Income
- $79,620
- Total Monthly Income
- $6,635
- Insurance Expenses
- $2,185
- Water/Sewer/Garbage Expenses
- $2,000
- Gross Rent Multiplier
- 18.2
- Total Expenses
- $20,177
- Cap Rate
- 4
- Total Number of Units
- 2
- Unit Name
- 3910
- Potential Terms
- Cash, Conventional
- Year Built
- 1944
- Roof
- Composition
- Site Features
- Deck
- Electric Expenses
- 2000
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $6,635
- Gross Scheduled Income
- $79,620
- Gross Adjusted Income
- $79,620
- Tax Year
- 2025
- Insurance Expense
- $2,185
- W/S/G Expenses
- $2,000
- Total Expenses
- $20,177
- Net Operating Income
- $59,443
- Gross Rent Multiplier
- 18.2
- Cap Rate
- 4
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.