4253 7th Avenue Northeast
4253 7th Avenue Northeast
Seattle, WA 98105
$8,900,000
Price
11
Beds
7
Baths
20,587 Sq. Ft.
$432 / Sq. Ft.
20,587
Sq. Ft.
$432
per Sq. Ft.
Listing provided courtesy of Kidder Mathews
Description
Maplewood offers a 24-unit value-add apartment building located in the highly sought-after University District of Seattle. Offered for sale at $8.9 million, this property is on the market for the first time and presents a unique chance to acquire a legacy asset that has been meticulously maintained by the same family since 1985. Maplewood features large units in exceptional condition, providing ample potential for value-add renovations. After light renovations, rental rates can increase by 20% or...Maplewood offers a 24-unit value-add apartment building located in the highly sought-after University District of Seattle. Offered for sale at $8.9 million, this property is on the market for the first time and presents a unique chance to acquire a legacy asset that has been meticulously maintained by the same family since 1985. Maplewood features large units in exceptional condition, providing ample potential for value-add renovations. After light renovations, rental rates can increase by 20% or more, making this property an attractive prospect for savvy investors. Located steps away from the prestigious University of Washington-ranked #2 in the U. S. Maplewood is just minutes away from an abundance amenities, and a regional light rail station.
- Listed by Winslow Lee • Kidder Mathews
Property Details for 4253 7th Avenue Northeast
Community Name
University District
School DistrictSeattle
Number of Assigned Spaces27
Total Covered Parking23
Offers Review Date05-30-2024
Entry Date05-13-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Kidder Mathews![]()
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LISTING UPDATED: 05/20/2024 10:47 AM
Property Details for 4253 7th Avenue Northeast
| Status | Active |
|---|---|
| MLS # | 2236772 |
| Days on Market | 15 |
| Cumulative Days on Market | 15 |
| Taxes | $77,262 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1985 |
| Lot Size | 0.30 AC / 13,025 SF |
| County | King County |
Location
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Building Information for 4253 7th Avenue Northeast
Stories4Residences5Year Built1985Building Size-Lot Size0.30 AC / 13,025 SF
Payment Calculator
$55,009 per month
30 year fixed, 7.25% Interest
Principal and Interest
$48,571
Property Taxes
$6,439
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 4253 7th Avenue Northeast
Summary
Location and General Information
- Style: 56 - 10+ Units
- Site Features: Gated Entry
- Area: 710 - North Seattle
- Effective Year Built Source: Public Records
- Directions: 4253 7TH AVE NE SEATTLE, WA 98105
- Leased Items: Washer/Dryer
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
- Additional Tax Ids: 4092300780
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 4.0
- Open Parking: Yes
Virtual Tour
- Virtual Tour URL Unbranded: https://simonandersonteam.com/listings/maplewood/
- Virtual Tour URL Description: Website
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 59
Interior Features
- Fireplaces Total: 0
- Floor Covering: Laminate, Carpet
- Features: Wall to Wall Carpet, Laminate Tile
- Amenities: Coin Op Laundry
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Brick, Stucco
- Roof: Flat
- Security Features: SecurityGate
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 12400
- Power Company: PSE
- Sewer Company: SPU
- Water Company: SPU
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: KCPV
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1985
- Photos Count: 25
Lot Information
- Lot Details: Curbs, Sidewalk
- Lot Size Dimensions: 13025
- Lot Size Source: KCPV
- Parcel Number Free Text: 4092300780
- Building Condition: Very Good
- Calculated Square Footage: 20587
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 20587.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 4
- Number of Stories in Building: 4
- Vacancy Rate: 5
- Number Of Units Total: 5
- Units Below Grade: false
- Units In Building Total: 24
Financing / Income and Expenses
- Electric Expense: $12,400
- Total Expenses: 238796
- Gross Adjusted Income: 774174
- Gross Rent Multiplier: 16
- Gross Scheduled Income: $698,544
- Insurance Expense: $9,600
- Net Operating Income: $535,378
- Other Expenses: $114,734
- Total Monthly Income: 739200
- Fuel Expense: $12,400
Unit 1
- Name Unit 1: 4 - 1x1
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 535
- Rent Unit 1: $1,550.00
- Bedrooms Unit 1: 1
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 4 - 2x1
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 779
- Rent Unit 2: $2,300.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 1 - 2x1.5
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 900
- Rent Unit 3: $2,400.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 2
Unit 4
- Name Unit 4: 3 - 3x1.5
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 877
- Rent Unit 4: $2,800.00
- Bedrooms Unit 4: 3
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 2
Unit 5
- Name Unit 5: 12 - 3x2
- Washer/Dryer Unit 5: false
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: true
- Square Feet Unit 5: 984
- Rent Unit 5: $2,950.00
- Bedrooms Unit 5: 3
- Fireplaces Unit 5: 0
- Bathrooms Unit 5: 2
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 20587.0
- Leasable Area Units: Square Feet
Property History for 4253 7th Avenue Northeast
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4253 7th Avenue Northeast
Taxable ValueLand$4,168,000Additions$4,523,000Total$8,691,000
Tax Record2024$77,262 ($6,439 / month)
Home Facts
Total Finished SqFt19,704 SqFtAbove Ground SqFt19,704 SqFtStories4Lot Size13,025 SqFtStyleMulti-Family Res (5+ Units)Year Built1985Year Renovated2003ZoningMR (M1)CountyKINGAPN409230-0780
Schools near 4253 7th Avenue Northeast
This home is within Seattle Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
Green Lake Elementary School PublicPK to 5 | ||
Hamilton International Middle School Public6 to 8 | ||
Lincoln High School Public9 to 12 | ||
John Stanford International Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Kidder Mathews
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.