Listing Provided Courtesy Of:
Paragon Real Estate Advisors and NWMLS
Address
11515 26th Avenue NE Seattle, WA
Price
$ 3,300,000
Property Attributes
  • ID#1850773
  • TypeMulti-Family
  • CountyKING
  • CitySeattle
  • AreaNorth Seattle
  • NeighborhoodSeattle
  • Zip98125
  • Style10+ Units
  • Year Built1968
  • Taxes$ 30087
  • Price$ 3,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12110
  • Lot Size11,199 SqFt
Listing Provided Courtesy Of:
Paragon Real Estate Advisors and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

The Melinda Arms is a 15 unit apartment building built in 1968. Located in the Lake City neighborhood of North Seattle, the building is a mere 1.4 miles to the recently opened Northgate Light Rail Station and 2.3 Miles to the University of Washington. The building has a 1:1 parking ratio and is steps from the King County Rapid Ride Transit Line. The property has all electric heat and appliances as well as a common laundry facility for tenant convenience. The building interiors are mainly original and presents a great value add play for a prospective investor.

Price History
10/11/2021 Listed $3,300,000

General Features

Building Area Units Square Feet
Carport Spaces 3
Carport Y/N No
City Seattle
County King
Directions Head N on I-5, take exit 171 onto lake City Way. Turn onto 115th st, and then right on 26th Ave.
Exterior Features Stucco
High School District Seattle
Insurance Expense 4493
Leasable Area 12110
Lot Size Square Feet 11200
MLS Area 710 - North Seattle
Net Operating Income 131991
New Construction No
Open Parking Spaces 12
Possession Closing
Property Style 56 - 10+ Units
Property SubType Multi-Family
Property Type Residential Income
Roof Flat
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name 26th
Structure Type Multi Family
Subdivision Name Seattle
Tax Annual Amount 30087
Tax Year 2021
Terms Cash Out, Conventional, FHA
Total Units 15
Units Below Grade false
Utilities Sewer Connected, Electricity Available
Water Sewer Garbage 18440
Year Built 1968

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric
Street Suffix Avenue
Total Stories 3

Exterior Features

Building Area Total 12110
Irrigation Water Rights Y/N No
Lot Size Acres 0.2571
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 12
Total Parking 15
View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98125

Price
AVG $2.2M
$3.3M
Taxes
AVG $17,775
$30,087
Visits
AVG 79
34
Year Built
AVG 1947
1968
Walkscore
AVG 81
77
Data Provided by Walkscore ® not using MLS data

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