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Listed by:TEC Real Estate Inc. • Ann Carson
$1,450,000
Est. payment /mo
9 Beds
4 Baths
2,760 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,760 sqft
Price per Sqft $525
Subdivision Bryant
MLS Listing ID 2579612
Style 52 - Duplex
Bedrooms 9
Year Built 1944
Annual Tax Amount $11,992
Lot Size 4,800 Sqft
Property Sub-Type Multi Family
Property Description
Rare investment and development opportunity in Seattle's highly desirable Bryant neighborhood. This well-maintained two-story duplex is fully occupied and currently generates approximately $59k in annual net income, providing immediate cash flow while offering compelling future redevelopment potential. Preliminary plans envision five modern townhomes averaging approximately 1,400 square feet each, with the SIP process approximately 90% complete and nearing building permit submission. The existing property offers a generous front yard, ample street parking, and direct access to the Burke-Gilman Trail. Ideally positioned just a mile from the University of Washington and minutes from University Village, light rail, neighborhood amenities, major employment centers, parks, dining and shopping. An exceptional opportunity to hold, develop, or reposition a well-located income-producing property in one of Seattle's most established and sought-after neighborhoods.
Location
State WA
County King
Area 710 - North Seattle
Interior
Fireplace false
Exterior
Exterior Feature Stucco
Amenities Available Deck
View Y/N No
Roof Type Composition
Building
Lot Description Paved, Value In Land
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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