Views - Eco Friendly - Seller Financing
Listing Provided Courtesy Of:
KW Everett and NWMLS
8523 23rd Avenue NE # 1-4 Seattle, WA
$ 1,995,000
Property Attributes
  • ID#1873622
  • TypeMulti-Family
  • CountyKING
  • CitySeattle
  • AreaNorth Seattle
  • NeighborhoodWedgwood
  • Zip98115
  • Style4-Plex
  • Year Built1970
  • Taxes$ 10807
  • Price$ 1,995,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3800
  • Lot Size6,260 SqFt
Listing Provided Courtesy Of:
KW Everett and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description

Opportunity knocks in Wedgewood. Well maintained 4 plex with opportunity. Market rents total $9,100/mo+, =4.4%+ CAP. Two, 2 bedroom / 1 bath flats & Two, 2 bedroom 1.5 bath townhouse units. Units have various updates, full kitchens with dishwashers, keyless entry & mini-split HVAC systems offering energy efficient heat & AC! Coin op laundry room for supplemental income. 7 parking spots. Surrounded by endless amenities, explosive growth & redevelopment. Easy access to Ravenna Ave, Lake City Way, I-5 and just 5 minutes to light rail. Turn key investment opportunity. Current Zone: LR2 (M) offers future value add opportunities.

Elementary School Middle School High School
Wedgwood Elementary School Eckstein Mid Nathan Hale High
Price History
12/21/2021 Listed $1,995,000

General Features

Amenities Coin Op Laundry
Building Area Units Square Feet
Carport Y/N No
City Seattle
County King
Directions Head north on I-5 Express N. Use the left lane to take the WA-522 E/Lake City Way exit. Continue onto WA-522 E/Lake City Way NE. Turn right onto NE 85th St. Turn left onto 23rd Ave NE.
Electric Expense 1200
Elementary School Wedgwood
Exterior Features Wood
Flooring Ceramic Tile, Laminate, Laminate, Carpet
High School Nathan Hale High
High School District Seattle
Insurance Expense 1711
Interior Features Central A/C, Ductless HP-Mini Split, Ceramic Tile, Laminate Hardwood, Laminate Tile, Wall to Wall Carpet
Leasable Area 3800
Lot Size Square Feet 6260
MLS Area 710 - North Seattle
Middle/Junior High School Eckstein Mid
Net Operating Income 78859
New Construction No
Open Parking Spaces 7
Possession Tenant's Rights
Possible Use Multi-Family
Property Style 54 - 4-Plex
Property SubType Multi-Family
Property Type Residential Income
Roof Composition
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name 23rd
Structure Type Quadruplex
Subdivision Name Wedgwood
Tax Annual Amount 10807
Tax Year 2021
Terms Cash Out, Conventional, Owner Financing
Total Units 4
Unit Number 1-4
Units Below Grade false
Units In Building Total 4
Utilities Cable Connected, High Speed Internet, Sewer Connected, Electricity Available
View Territorial
Water Company Seattle Public Utilities
Water Sewer Garbage 8400
Year Built 1970
Zoning Class Multi-Family

Interior Features

Air Conditioning Y/N Yes
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 2

Exterior Features

Building Area Total 3800
Foundation Details Poured Concrete
Irrigation Water Rights Y/N No
Lot Features Paved, Value In Land
Lot Size Acres 0.1437
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 7
Site Features Cable TV, Deck, High Speed Internet
Total Parking 7
View Y/N Yes
Water Source Public
Waterfront Y/N No


  • 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 98115

AVG $1.6M
AVG $10,108
AVG 18
Year Built
AVG 1940
AVG 71
Data Provided by Walkscore ® not using MLS data

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