242 32nd Ave
Seattle WA 98122

Leschi 4-Plex

242 32nd Ave Seattle WA 98122

Listing #: 642733 | Status: Available | Last Modified: 11/15/2021 |

For Sale
Ian Brown
  • Phone:(206) 505-9414
  • Email:ian@westlakeassociates.com
  • Office Name:Westlake Associates, Inc.
  • Office Phone:(206) 505-9400
  • Office Website:
Showing Instructions
  • Call Listing AgentYes
  • Use DiscretionYes

Tenants unaware of sale - Please do not disturb Tenants. Showings by appointment only. Contact Listing Agent.

Dining
Price Information
  • Listing Price$ 1,600,000.0
  • $/SF$ 580.6
  • $/Unit$ 400,000.0
  • Listing StatusAvailable
  • Days on Market1196
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income87,600
  • Vacancy Factor %3.00%
  • Operating Expenses20,061
  • Net Operating Income64,911
  • CAP Rate 1.23 %
  • GRM19.32
Industrial Asset Class Info
  • Dock High Doors
  • Semi-Dock Doors
  • Grade Level Door Count
  • Crane Count
Annual Expense Information
  • Expense Year2020
  • Real Estate Taxes $ 11,256
  • +Personal Prop Taxes$ 0
  • +Account/Legal$ 0
  • +Advertising$ 0
  • +Insurance$ 1,268
  • +Electricity$ 0
  • +Water/Sewer$ 4,437
  • +Trash$ 0
  • +Prof. Mgr$ 0
  • +Res. Mgr $ 0
  • +Maintenance$ 3,100
  • +Supplies $ 0
  • +Other Expenses $ 0
  • =Total Exp.$ 20,061
  • Reserves$ 0
Annual Operating Information
  • Gross Sch Rents$ 82,800.0
  • Vacancy $$ 2,628.0
  • Vacancy %0.00%
  • +Laundry Income900.ToString(formatLongDollar))
  • +Advertising0.ToString(formatLongDollar))
  • +Parking Income0.ToString(formatLongDollar))
  • +Other Income3900.ToString(formatLongDollar))
  • =Effective Gross84972.ToString(formatLongDollar))
  • -Total Expenses20061.ToString(formatLongDollar))
  • =NOI64911.ToString(formatLongDollar))
Financial Summary
  • CAP Rate 1.23 %
  • GRM$ 19.3
  • $/SF/YR$ 00.0
  • $/Unit$ 400,000.0
  • Expense/Unit$ 5,015.3
Asset Class Information
  • # Units4
  • Beds/Baths1Bed/1Bath
  • Avg SqFT720
Associated Files
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors2
  • # of Units4
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF2756
  • Net Rentable Area2756
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF5520
  • Acres0.13
Property Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building Class
Location
  • CountyKing
  • VicinityLeschi
  • Location DescriptionNear Leschi Elementary
  • Second Address
  • Cross Street
  • Market AreaCapitol Hill/First Hill
  • Tax ID #786170000
  • Additional Parcels
  • ZoningSF 5000
Parking Information
  • # Covered Spaces0
  • # Uncovered Spaces0
  • Total Parking Spots0
  • Parking Ratio
Construction
  • Year Built1907
  • Year Renovated
  • Completion Date
  • Roof TypeFlat
  • Construction TypeFramed, Wood

Public Comments

This fourplex is a timeless building with light filled units on a quiet street in one of Seattleā€™s most desirable neighborhoods. The units have high ceilings with beautiful bay windows in living and dining rooms. The units have beautiful old-world charm, original wood detail, hardwood floors and claw foot tubs. The original large pocket doors separate the living room and dining rooms which offer flexible living quarters for potential roommate situations with both front and back door entrances. The units are spacious with separation from neighbors, ideal for working from home. All have designated storage closets located outside their back doors that would be perfect for adding individual laundry. The building is already four separate tax parcels for an easy condo conversion in the future.

Public Building Comments

Super rare 1907 4plex built in a residential neighborhood. One block to Leschi Elementary. Spacious units. Some updates with period fixtures and hardwood floors. All four units laid out the same with grand central staircase. Two off-street parking spaces

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Condo

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