8836 SW 9th Avenue Seattle, WA $ 1,150,000
8836 SW 9th Avenue
$ 1,150,000
Share Save

8836 SW 9th Avenue

Seattle, WA, 98106
$ 1,150,000
Baths0.0 Sq 2,696

Monthly Estimate*

$ 8,033

Listed by Blake Investment Advisors
8836 SW 9th Avenue, Seattle, WA 98106 - Image 1
8836 SW 9th Avenue, Seattle, WA 98106 - Image 2
8836 SW 9th Avenue, Seattle, WA 98106 - Image 3
8836 SW 9th Avenue, Seattle, WA 98106 - Image 4
8836 SW 9th Avenue, Seattle, WA 98106 - Image 5
8836 SW 9th Avenue, Seattle, WA 98106 - Image 6
8836 SW 9th Avenue, Seattle, WA 98106 - Image 7
8836 SW 9th Avenue, Seattle, WA 98106 - Image 8
8836 SW 9th Avenue, Seattle, WA 98106 - Image 9
8836 SW 9th Avenue, Seattle, WA 98106 - Image 10
8836 SW 9th Avenue, Seattle, WA 98106 - Image 11
8836 SW 9th Avenue, Seattle, WA 98106 - Image 12
8836 SW 9th Avenue, Seattle, WA 98106 - Image 13
8836 SW 9th Avenue, Seattle, WA 98106 - Image 14
8836 SW 9th Avenue, Seattle, WA 98106 - Image 15
8836 SW 9th Avenue, Seattle, WA 98106 - Image 16
8836 SW 9th Avenue, Seattle, WA 98106 - Image 17
8836 SW 9th Avenue, Seattle, WA 98106 - Image 18
8836 SW 9th Avenue, Seattle, WA 98106 - Image 19
8836 SW 9th Avenue, Seattle, WA 98106 - Image 20
8836 SW 9th Avenue, Seattle, WA 98106 - Image 21
8836 SW 9th Avenue, Seattle, WA 98106 - Image 22
8836 SW 9th Avenue, Seattle, WA 98106 - Image 23
8836 SW 9th Avenue, Seattle, WA 98106 - Image 24
8836 SW 9th Avenue, Seattle, WA 98106 - Image 25
8836 SW 9th Avenue, Seattle, WA 98106 - Image 26
8836 SW 9th Avenue, Seattle, WA 98106 - Image 27
Studio

Multi-Family Home for sale in Seattle, WA

for $1,150,000. This 2,696 square foot home was built in 1980 on a lot size of 0.1051.

A value-add opportunity to acquire a partially renovated 4plex in the West Seattle neighborhood, Highland Park. The subject consists of two one bed and two two-bedroom apartments. The one beds were fully renovated in 2023 and achieved a 42% rent increase. The same upside is available for the two beds, a $60K renovation budget will produce a $703 increase in rent per unit, delivering a 28% return on investment in the first year. This is an excellent opportunity for an astute investor to create value in an asset that's poised for growth in the future. The subject is in the path of progress as two new townhome developments were built and sold in the last few years. This street is attracting capital and a new investor can catch this wave.

See more

Multi-Family Active

Price

$ 1,150,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 8,231

Style

4-Plex

Lot Size

0.1051

Year Built

1980

Town/City

Seattle

County/Region

King

MLS | Web ID

2145946

Features
General
Sewer Available
Heating Baseboard
Cooling None
Possession Closing
Roof Torch Down
Exterior Features Stucco
HOA 0
Year Built 1980
Property SubType Multi-Family
Tax Year 2022
County King
Net Operating Income 49252
Insurance Expense 1881
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Energy Efficient Thermal Windows
Subdivision Name Highland Park
Special Listing Conditions None
Status Active
Directions The property is on the fourth parcel on 9th Ave just east of Westcrest Park.
High School Sealth High
City Seattle
Buyer Agent Compensation 2.5
View Y/N N
Senior Community Y/N N
High School District Seattle
Open Parking Spaces 5
Total Units 4
MLS Area 140 - West Seattle
Lot Size Square Feet 4580
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name 9th
Listing Terms Cash Out Conventional
Elementary School Highland Park
Tax Annual Amount 8231
Electric Expense 0
Fuel Expense 0
Property Condition Good
Public Remarks A value-add opportunity to acquire a partially renovated 4plex in the West Seattle neighborhood Highland Park. The subject consists of two one bed and two two-bedroom apartments. The one beds were fu
Leasable Area 2696
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Amenities Thermal Windows
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 5970
Property Style 54 - 4-Plex
Cap Rate 4.3
Adult Family Homes Multi-Family
See more
Interior
Flooring Vinyl Plank
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Living Area Units Square Feet
Power Production Type Electric
See more
Exterior
Total Parking 5
Building Area Total 2696
Lot Size Acres 0.1051
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features Deck Fenced-Fully Fenced-Partially Patio
Parking Uncovered Spaces 5
See more
Internal Only
OriginalMLSID NWM2145946
Street Number 1 8836
See more
* Excluded Features
List By
Gabe Blake

Listing Agent

Blake Investment Advisors

Broker

Affordability Calculator

$8,719
Per Month
92%
8%
0%
Monthly Principal & Interest
$8,033
Monthly Property Taxes
$686
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1884270 Elementary School
258279 Middle School
Sealth High High School
Pricing History
DatePricePrice ChangeDescription
8/1/2023$1,150,000 Listed Price

Map


See all

8836 SW 9th Avenue, Seattle, WA, 98106 is a Multi-Family Home for sale at $1,150,000 with 2,696 sqft and a lot size of 0.1051. 8836 SW 9th Avenue is a studio with 0.0 baths and was built in 1980. The property's zip code is 98106 which is in Seattle, WA