4051 Gilman Avenue W, Seattle, WA 98199
- $2,000,000
- 6,793
- SqFt
Listing courtesy of John L. Scott, Inc.
- List Price
- $2,000,000
- Status
- ACTIVE
- MLS#
- 2390679
- Price Change
- ▼ $250,000 1771574691
- Days on Market
- 411
- Style
- 55 - 5-9 Units
- Finished SqFt
- 6,793
- Area Total SqFt
- 6793
- Annual Tax Ammount
- 18651
- Lot Size (sq ft)
- 1
- Sewer
- Sewer Connected
Property Description
Portfolio of SEVEN 2 and 3 bed CONDO UNITS located at the well maintained + professionally managed Gilmanor Building, a premier Magnolia Community. Unique investment and perfect 1031 exch opportunity offers investors strong cash flow, stable rents in high appreciation zip code. Each unit is thoughtfully designed for comfort+ efficiency, ranging in size from 786-1081 sf. Units feature gas fireplaces, private balconies and newly renovated interiors. Building amenities include on-site laundry, intercom entry system, elevator, assigned parking spots and additional storage. Convenient location offers easy access to major employers, close proximity to Magnolia Village and Discovery Park. Walk Score of 77 and Bike Score of 62
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Additional Information
- List Date
- 2025-06-10 22:10:18
- Community
- Magnolia
- Net Operating Income
- $88,033
- Gross Adjusted Income
- $181,274
- Gross Scheduled Income
- $181,274
- Total Monthly Income
- $14,990
- Insurance Expenses
- $22,598
- Water/Sewer/Garbage Expenses
- $10,721
- Gross Rent Multiplier
- 12.41
- Total Expenses
- $93,241
- Cap Rate
- 3.9
- Vacancy Rate
- 5
- Total Number of Units
- 7
- Unit Name
- 4051
- Potential Terms
- Cash, See Remarks
- Year Built
- 1968
- View
- Territorial
- Roof
- Flat
- Electric Expenses
- 1054
- Other Expenses
- 40217
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Lawton
- Middle School
- Mc Clure Mid
- High School
- Ballard High
- Total Monthly Income
- $14,990
- Gross Scheduled Income
- $181,274
- Vacancy Rate
- 5
- Gross Adjusted Income
- $181,274
- Tax Year
- 2025
- Insurance Expense
- $22,598
- W/S/G Expenses
- $10,721
- Total Expenses
- $93,241
- Net Operating Income
- $88,033
- Gross Rent Multiplier
- 12.41
- Cap Rate
- 3.9
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.