3033 31st Avenue W, Seattle, WA 98199
- $900,000
- 1,800
- SqFt
Listing courtesy of Keller Williams Eastside.
- List Price
- $900,000
- Status
- PENDING FEASIBILITY
- MLS#
- 2551103
- Days on Market
- 18
- Style
- 52 - Duplex
- Finished SqFt
- 1,800
- Area Total SqFt
- 1800
- Annual Tax Ammount
- 7919.26
- Internet Provider
- Century Link
- Lot Size (sq ft)
- 6,656
- Sewer
- Sewer Connected
Property Description
Investor Alert! Turnkey opportunity with immediate cash flow and future development potential. This fully occupied Duplex, upstairs 2/1 and downstairs 1/1 property generates stable rental income, with both units leased. Situated on NR3-zoned land, the property offers investors the opportunity to collect income while evaluating redevelopment possibilities and maximizing the site's future value. The property underwent updates exterior paint (2025), deck repair (2021) , new sewer line (2022), unit B was remodeled in 2021. Upstairs tenant has been there long term, downstairs has been rented as a furnished apartment to traveling nurses via the Furnished Finders system.
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Additional Information
- List Date
- 2026-07-09 01:15:12
- Community
- Magnolia
- Net Operating Income
- $2,269,607
- Gross Adjusted Income
- $39,300
- Gross Scheduled Income
- $39,300
- Total Monthly Income
- $3,520
- Insurance Expenses
- $1,255
- Water/Sewer/Garbage Expenses
- $4,498
- Gross Rent Multiplier
- 22.9
- Total Expenses
- $15,654
- Cap Rate
- 2.52
- Total Number of Units
- 2
- Unit Name
- 3033
- Potential Terms
- Cash, Conventional
- Year Built
- 1946
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, Gas Available, Outbuildings, Patio
- Electric Expenses
- 1238
- Other Expenses
- 743
- Energy Source
- Electric, Natural Gas, Wood
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $3,520
- Gross Scheduled Income
- $39,300
- Gross Adjusted Income
- $39,300
- Tax Year
- 2026
- Insurance Expense
- $1,255
- W/S/G Expenses
- $4,498
- Total Expenses
- $15,654
- Net Operating Income
- $2,269,607
- Gross Rent Multiplier
- 22.9
- Cap Rate
- 2.52
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.