4301 Whitman Avenue N, Seattle, WA 98103
- $1,900,000
- 5,240
- SqFt
Listing courtesy of Paragon Real Estate Advisors.
- List Price
- $1,900,000
- Status
- ACTIVE
- MLS#
- 2580702
- Days on Market
- 0
- Style
- 55 - 5-9 Units
- Finished SqFt
- 5,240
- Area Total SqFt
- 5240
- Annual Tax Ammount
- 21646
- Lot Size (sq ft)
- 6,000
- Sewer
- Sewer Connected
Property Description
Wallingford 7, is a charming Mid-Century Modern apartment building built in 1960 and perfectly situated on the border of Wallingford and Fremont. Units feature large open floor plans with abundant natural light flowing into the units. The spacious and comfortable living areas with a separate dining area is perfect for entertaining providing a ‘home environment’ vs an apartment experience. Currently, 6 of the 7 units are being operated as fully furnished short-term rentals. This presents several investment opportunities to a new owner. A new owner can continue to operate the Wallingford 7 as short term housing or transition the units to leased apartments. Currently as the short-term rental units are vacating, the owner is leaving the units vacant further supporting either investment option.
Additional Information
- List Date
- 2026-09-14 16:43:13
- Community
- Wallingford
- Net Operating Income
- $118,975
- Gross Adjusted Income
- $185,421
- Gross Scheduled Income
- $195,180
- Total Monthly Income
- $16,265
- Insurance Expenses
- $5,700
- Water/Sewer/Garbage Expenses
- $23,000
- Gross Rent Multiplier
- 9.73
- Total Expenses
- $66,446
- Cap Rate
- 6.26
- Vacancy Rate
- 5
- Total Number of Units
- 7
- Unit Name
- 4301
- Potential Terms
- Assumable, Cash
- Year Built
- 1960
- Roof
- Flat
- Other Expenses
- 16100
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $16,265
- Gross Scheduled Income
- $195,180
- Vacancy Rate
- 5
- Gross Adjusted Income
- $185,421
- Tax Year
- 2026
- Insurance Expense
- $5,700
- W/S/G Expenses
- $23,000
- Total Expenses
- $66,446
- Net Operating Income
- $118,975
- Gross Rent Multiplier
- 9.73
- Cap Rate
- 6.26
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.