With $100K price reduction and rent increases of $250 (Oct/Nov 2025) and $205 (Jan 2026), projected Cap Rate is 5.31%. Prime investment in a top Seattle neighborhood near dining, shopping, and transit. Property offers spacious units averaging 900 SF: one 3-bdrm, three 2-bdrm, and one 1-bdrm. Recent upgrades include new roof (Oct 2024), exterior sealant (Jul 2024), and deck replacements (May 2025). No charges for parking/utilities—immediate revenue upside. Value-add potential with carport conversion or adding a 6th unit (buyer to verify). Common laundry plus private W/D in 3-bdrm. Light renovations could raise rents by almost 20%.
Listing Provided Courtesy of Dea Sumantri, Lee & Associates Commercial RE
General Information
NWM2381058
Multi Family
119
DOM
5100.88 SqFt
5553
1977
Multi-F
King
Residential Incom
Multi Family
Listing Provided Courtesy of Dea Sumantri, Lee & Associates Commercial RE
Krishna Realty data last checked: Sep 23, 2025 03:02 | Listing last modified Sep 19, 2025 18:22,
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Residence Information
5553
Composition
55 - 5-9 Units
1977
Poured Concrete
Coin Op Laundry
Features and Utilities
Stucco
Public
Sewer Connected
0
Financial
15076
Cash Out, Conventional
05-23-2025
Comparable Information
119
119
Cash Out, Conventional
$1,650,000
$1,650,000
Sep 19, 2025 18:22
Schools
Map
Listing courtesy of Lee & Associates Commercial RE.
With $100K price reduction and rent increases of $250 (Oct/Nov 2025) and $205 (Jan 2026), projected Cap Rate is 5.31%. Prime investment in a top Seattle neighborhood near dining, shopping, and transit. Property offers spacious units averaging 900 SF: one 3-bdrm, three 2-bdrm, and one 1-bdrm. Recent upgrades include new roof (Oct 2024), exterior sealant (Jul 2024), and deck replacements (May 2025). No charges for parking/utilities—immediate revenue upside. Value-add potential with carport conversion or adding a 6th unit (buyer to verify). Common laundry plus private W/D in 3-bdrm. Light renovations could raise rents by almost 20%.
