2371 48th Ave SW $1,500,000

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    2371 48th Ave SW West Seattle, WA 98116

    Sold
    SOLD 8/16/2019

    $1,500,000

    Market Estimate
    • 0 Beds
    • 0 Baths
    • 2,620 sq.ft.
    • Multi-Family
    • Listing# 1390148
    Favorite Share
    Views: 30 Days On Market: 161

    Property Details

    2 side x side retro mid-century triplexes. 6 units 2365 & 2371 48th SW, 2 more contiguous triplexes available, listing No. 1389930 North Admiral near Alki and Junction. Some units have LVT floors, Quartz Counter. All have fresh paint, original birch cabinets & tiles. 4 buildings available on 9 lots. Potential to build up to 21 units. Meticulously maintained, with updates and mid-century style. All units are non-smoking, with DW, Micro, Self-Clean Range and coin laundry, huge storage rooms

    • General Features
      • County King
      • Zoning Code Multi-Family
      • County King
      • Lot Details Corner Lot, Curbs, Paved Street, Sidewalk
      • Lot Dimensions (56 x 99)x2
      • Lot Square Footage 11,088
      • Number of Stories 2
      • Number of Units 6
      • Style 53-Tri-plex
      • Year Built 1959
    • Building Features
      • Roof Built-Up, Compostion
      • Exterior Brick, Wood
      • Amenities Coin Op Laundry, Storage
      • Approx SqFt 2,620
      • Floor Covering Laminate Hardwood, Vinyl, Wall to Wall Carpet
      • Foundation Poured Concrete
    • Financials
      • Total Monthly Income $9,365
      • Net Operating Income $88,652
      • Gross Scheduled Income $112,380
      • Gross Adjusted Income $112,380
      • Total Expenses $23,728
      • Other Expenses $0
      • Insurance Expenses $1,706
      • Expenses $23,728
      • Heating Expenses $0
      • Electrical Expenses $986
      • Gross Rent Multiplier 16
    • Utilities and Taxes
      • Tax Year 2017
      • Tax Amount $13,180
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Sewer Company Sewer Connected
    • Schools
      • School District Seattle

    Neighborhood

    98116 (West Seattle) Demographics

    42 Median Age
    8,537 Population Density (per sq. mile)
    70% College Educated
    $87,305 Estimated Median Income
    6,766 Estimated Total Home Owners
    5,094 Estimated Total Renters
    57% / 43% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    25,234 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $702,450 Median Sales Price
    20 Homes Sold
    20 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        8/16/2019 12:00:00 AM Sold Source New Value: $1,500,000

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        This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2020. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.