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8309 5th Avenue NE Seattle, WA $ 4,600,000
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$ 4,600,000 Get more info
8309 5th Avenue NE
$ 4,600,000
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Share Save

8309 5th Avenue NE

Seattle, WA, 98115
$ 4,600,000
Baths0.0 Sq 13,700

Monthly Estimate*

$ 30,573

Listed by Westlake Associates, Inc.
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Studio

Multi-Family Home for sale in Seattle, WA

for $4,600,000. This 13,700 square foot home was built in 1969 on a lot size of 0.2562.

5th Ave Manor presents an exceptional opportunity for investors seeking ownership of a prestigious building in a highly sought-after residential locale, characterized by a scarcity of rental accommodations. With its strategic location and potential for value-add enhancement through modest kitchen, flooring, and appliance upgrades, 5th Avenue Manor promises lucrative returns. Following these enhancements, a new owner can anticipate achieving a stabilized Market CAP of 5.60%. Nestled nearby the scenic Green Lake Park, renowned for its myriad recreational pursuits, this coveted address offers seamless access to the University of Washington, the bustling South Lake Union Tech Core, and the vibrant Northgate shopping and entertainment hub.

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Multi-Family Pending

Price

$ 4,600,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 39,678

Style

10+ Units

Lot Size

0.2562

Year Built

1969

Town/City

Seattle

County/Region

King

MLS | Web ID

2221698
Features
General
Interior Features Laminate Hardwood Wall to Wall Carpet
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Flat
Exterior Features Brick Cement/Concrete Wood Products
HOA 0
Year Built 1969
Property SubType Multi-Family
Tax Year 2024
County King
Net Operating Income 257681
Insurance Expense 6400
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Northgate
Possible Use Multi-Family
Special Listing Conditions None
Status Pending
Directions From I5 S take exit 169 toward NE 50th. Keep Right at fork. Merge onto 5th Ave NE. Right on NE 50th. Right on Latona Ave NE. Right on NE 54th. Right on 5th Ave NE. Property is on the right.
City Seattle
Buyer Agent Compensation 2
View Y/N N
Senior Community Y/N N
High School District Seattle
Open Parking Spaces 9
NumberOfUnitsTotal 16
MLS Area 710 - North Seattle
Lot Size Units Square Feet
Lot Size Square Feet 11160
Waterfront Y/N N
Carport Spaces 6
Carport Y/N N
Street Name 5th
Listing Terms Cash Out Conventional
Tax Annual Amount 39678
Electric Expense 0
Fuel Expense 0
Public Remarks 5th Ave Manor presents an exceptional opportunity for investors seeking ownership of a prestigious building in a highly sought-after residential locale characterized by a scarcity of rental accommoda
Leasable Area 13700
Structure Type Multi Family
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Amenities Coin Op Laundry Elevator Storage
Units Below Grade false
Units In Building Total 16
Zoning Class Multi-Family
Water Sewer Garbage 18028
Property Style 56 - 10+ Units
Cap Rate 5.6
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Interior
Flooring Laminate Vinyl Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Total Parking 15
Foundation Details Poured Concrete
Building Area Total 13700
Street Suffix Avenue
Lot Size Acres 0.2562
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 9
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Internal Only
OriginalMLSID NWM2221698
Street Number 1 8309
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* Excluded Features
List By
Chad Michael Martini

Listing Agent

Westlake Associates, Inc.

Broker

Affordability Calculator

$33,880
Per Month
90%
10%
0%
Monthly Principal & Interest
$30,573
Monthly Property Taxes
$3,307
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257829 Elementary School
258279 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/10/2024$4,600,000 Listed Price

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8309 5th Avenue NE, Seattle, WA, 98115 is a Multi-Family Home for sale at $4,600,000 with 13,700 sqft and a lot size of 0.2562. 8309 5th Avenue NE is a studio with 0.0 baths and was built in 1969. The property's zip code is 98115 which is in Seattle, WA

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