118 27th Avenue S, Seattle, WA 98144
- $1,150,000
- 1,570
- SqFt
Listing courtesy of Keller Williams Realty Bothell.
- List Price
- $1,150,000
- Status
- ACTIVE
- MLS#
- 2533338
- Days on Market
- 53
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 1,570
- Area Total SqFt
- 1570
- Annual Tax Ammount
- 9419
- Lot Size (sq ft)
- 4,900
- Sewer
- Sewer Connected
Property Description
Prime Central District development opportunity!! 4,900 sq ft corner lot zoned LR2 (M) with an 8-unit townhouse project already in the final correction stage with the City of Seattle. Much of the design and permitting work has been completed, giving the next owner a valuable head start toward redevelopment. Architectural fees and third-party consultant fees have already been paid, adding even more value for the next owner. Existing triplex provides interim income potential with one 2BD/1BA unit and two 1BD/1BA units, with a shared laundry. Separate meters and driveways on both sides of the lot add flexibility. Grab your shovel, and get ready to unlock the full potential of this well-positioned CD site. Request marketing file for full project description. Buyer to verify all information to their satisfaction.
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Additional Information
- List Date
- 2026-06-03 20:43:17
- Community
- Judkins
- Net Operating Income
- $37,876
- Gross Adjusted Income
- $57,480
- Gross Scheduled Income
- $57,480
- Total Monthly Income
- $4,790
- Insurance Expenses
- $1,785
- Water/Sewer/Garbage Expenses
- $7,200
- Gross Rent Multiplier
- 19.44
- Total Expenses
- $18,404
- Cap Rate
- 3.39
- Total Number of Units
- 3
- Unit Name
- 118
- Potential Terms
- Cash, Conventional, FHA
- Year Built
- 1953
- View
- Territorial
- Roof
- Composition
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Leschi
- High School
- Garfield High
- Total Monthly Income
- $4,790
- Gross Scheduled Income
- $57,480
- Gross Adjusted Income
- $57,480
- Tax Year
- 2026
- Insurance Expense
- $1,785
- W/S/G Expenses
- $7,200
- Total Expenses
- $18,404
- Net Operating Income
- $37,876
- Gross Rent Multiplier
- 19.44
- Cap Rate
- 3.39
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.