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1419 E Olive Street

Seattle, WA 98122
  • $1,325,000
  • STATUS: Active
  • ON SITE: 4 Days
  • ID#: 1957140
New On Site 4 Days Ago
UPDATED: 26 min ago
$1,325,000
  • 6
    BEDS
  • 0.09
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,750
    SQFT
  • $482
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1945
County:

School Ratings & Info

School District:
Northwest MLS logoListing Courtesy of Paragon Real Estate Advisors.

Description

This triplex offers a unique mix of units - one 1BD/1BTH unit, one 2BD/1BTH unit, and one 3BD/1.75BTH townhouse-style unit. The building sits back off the street, behind a charming courtyard, giving occupants a great spot to enjoy summer days. The units are currently renting well below market presenting significant rental upside. The property will operate at a 4.8% CAP rate when rents are brought up to market. The condition of the units also gives a buyer the opportunity to update the units and capture higher rents. The location is great for commuters heading to both north or south Seattle as it is only a few blocks to the Capitol Hill Light Rail Station. Cal Anderson Park and Broadway Avenue are also just a few blocks away.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Groesbeck Group | Compass are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-06-27T17:15:33.647.

www.liveinanacortes.com/homes/130147973
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1419 E Olive Street Seattle, WA 98122

  • Price: $1,325,000
  • Status: Active
  • On Site: 4 Days
  • Updated: 26 min ago
  • ID#: 1957140
6
Beds
4
Baths
0
½ Baths
0.09
Acres
2,750
SQFT
$482
$/SQFT
1945
Built
Neighborhood:
Capitol Hill
County:
King
Area:
Central Seattle/Genesee/Columbia Cty
School District:
Seattle
Property Description
This triplex offers a unique mix of units - one 1BD/1BTH unit, one 2BD/1BTH unit, and one 3BD/1.75BTH townhouse-style unit. The building sits back off the street, behind a charming courtyard, giving occupants a great spot to enjoy summer days. The units are currently renting well below market presenting significant rental upside. The property will operate at a 4.8% CAP rate when rents are brought up to market. The condition of the units also gives a buyer the opportunity to update the units and capture higher rents. The location is great for commuters heading to both north or south Seattle as it is only a few blocks to the Capitol Hill Light Rail Station. Cal Anderson Park and Broadway Avenue are also just a few blocks away.
Exterior Features

Attached Garage YN No Carport YN No Covered Spaces 0 Exterior Features Brick Garage YN No Levels Two Open Parking YN No Parking Features None Parking Total 0 Roof Composition Structure Type House Style Code 12 - 2 Story View YN No Waterfront YN No

Interior Features

Baths Full Garage 0 Baths Full Lower 1 Baths Full Main 2 Baths Full Upper 0 Baths Half Garage 0 Baths Half Lower 0 Baths Half Main 0 Baths Half Upper 0 Baths Three Quarter Garage 0 Baths Three Quarter Lower 0 Baths Three Quarter Main 1 Baths Three Quarter Upper 0 Bedrooms Lower 1 Bedrooms Upper 0 Building Area Total 2750 Fireplace YN No Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes Living Area 2750 Main Level Bedrooms 5 Rooms Bedroom (Main Level) Bedroom (Main Level) Bedroom (Main Level) Bedroom (Main Level) Bedroom (Main Level) Bedroom (Lower Level) Bathroom Full (Main Level) Bathroom Full (Main Level) Bathroom Full (Lower Level) Bathroom Three Quarter (Main Level) Square Footage Finished 2750 Square Footage Unfinished 0

Property Features

Building Information Built On Lot Energy Source Electric FIRPTAYN No Irrigation Water Rights YN No Land Lease YN No Listing Terms Cash OutConventionalFha New Construction YN No Possession Closing Power Production Type Electric Property Sub Type Residential Senior Community YN No Senior Exemption No Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 10578 Tax Year 2022 Utilities Sewer ConnectedElectricity Available Water Source Public

Listing information © 2022 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by The Groesbeck Group | Compass and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Groesbeck Group | Compass are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-06-27T17:15:33.647.

 
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The Groesbeck Group | Compass
809 7th Street
Anacortes WA, 98221
Northwest MLS logoListing Courtesy of Paragon Real Estate Advisors.