2475 55th Avenue SW, Seattle, WA 98116
- $1,399,000
- 2,894
- SqFt
Listing Broker: Century 21 Van Dorm Realty; Kent Stottlemyre; 360-791-1855; stottlemyre@msn.com
- List Price
- $1,399,000
- Status
- ACTIVE
- MLS#
- 2593577
- Days on Market
- 1
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 2,894
- Area Total SqFt
- 2894
- Annual Tax Ammount
- 13321
- Internet Provider
- Comcast/Xfinity
- Lot Size (sq ft)
- 3,850
- Sewer
- Sewer Connected
- Offer Review Date
- 2026-10-23
Property Description
Great investment and location in West Seattle within 2 blocks of highly desired Alki Beach Park. Tenants love to walk to restaurants, bars, parks, trails, bike trails and sandy Alki Beach. Built in 1988 and has been nicely maintained 4-plex multifamily. Two of the rental units have 2 bedrooms and 1 bathroom, and two of the rental units have 1 bedroom and 1 bathroom. Each unit has inside washer and dryer hook-up. Each unit has private patio or balcony. Each unit has 1 parking space on the property. Less than 20 minutes to downtown Seattle.
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Additional Information
- List Date
- 2026-10-13 15:26:15
- Community
- West Seattle
- Net Operating Income
- $63,372
- Gross Adjusted Income
- $92,280
- Gross Scheduled Income
- $92,280
- Total Monthly Income
- $7,690
- Insurance Expenses
- $3,479
- Gross Rent Multiplier
- 15.16
- Total Expenses
- $28,908
- Cap Rate
- 4.52
- Total Number of Units
- 4
- Unit Name
- 2475
- Potential Terms
- Cash, Conventional
- Year Built
- 1988
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, Patio
- Electric Expenses
- 840
- Other Expenses
- 11268
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $7,690
- Gross Scheduled Income
- $92,280
- Gross Adjusted Income
- $92,280
- Tax Year
- 2026
- Insurance Expense
- $3,479
- Total Expenses
- $28,908
- Net Operating Income
- $63,372
- Gross Rent Multiplier
- 15.16
- Cap Rate
- 4.52
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.