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JRJeff ReynoldsCompass · Seattle

Listed by Stanimira Atanasova, Keller Williams North Seattle

3,520
Square feet
$368
Per sq ft
Multi Family
Type
1963
Year built
5,000 sq ft
Lot
58
Days on market

About this property

Motivated Seller – Significant $100,000 Price Reduction! Don't miss this opportunity to purchase a well-priced property in a desirable location. Seller is ready to consider serious offers. Cash-flow investment opportunity in Seattle! Fully renovated income-producing property ideally located across from Licton Springs Park. The property is currently configured and operating as a 4-unit rental with all four units tenant occupied, generating approximately $10,550/month in gross rental income. Seller has obtained City of Seattle permit approvals related to the conversion of the existing duplex into a 4-unit multifamily property. Copies of approved permit documents, plans, and related materials will be made available to the buyer. Major layout and unit conversion work has already been completed. The remaining scope primarily consists of final compliance-related improvements, utility coordination, inspections, and final City sign-off required for full legalization and project completion. Property is being sold as-is. Buyer to verify all permitting status, remaining construction requirements. Each unit has been updated with modern finishes including LVP flooring, granite countertops, stainless steel appliances, and in-unit washer/dryer. Property offers dedicated parking plus additional street parking. Excellent opportunity for investors seeking immediate cash flow, future upside, and long-term appreciation in a strong Seattle location.

Location & commute

Add a destination (work, gym, school) for directions and drive time.

Directions

Property details

Listing details

Listing number
#2525226
Listed
May 16, 2026
Days on market
58
Price per sq ft
$368
Original list price
$1,395,000

Unit & building

Stories in building
1
Units in building
4

Parking

Total spaces
2

Construction

Year built
1963
Style
52 - Duplex
Structure
Duplex
Roof
Composition

Heating & cooling

Heating
Wall Furnace
Cooling
None
Energy source
ElectricNatural Gas

Flooring

Flooring
Engineered Hardwood

Lot

Lot features
CurbsPavedSidewalk
Lot size
5,000 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
Seattle Public Ututlities
Sewer
Seattle Public Ututlities
Power
Seattle City Light

Schools

District
Seattle
Elementary
Viewlands
Middle
Robert Eagle Staff Middle School
High
Ingraham High

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • Duplex
  • Composition
  • Wall Furnace
  • None
  • Electric
  • Natural Gas
  • Engineered Hardwood
  • Curbs
  • Paved
  • Sidewalk
  • Cash
  • Conventional

Listing history

  1. Listed

    $1,395,000

    May 16, 2026

  2. Current price

    $1,295,000

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$7,541

Principal & interest
$6,548
Property tax (est.)
$993

Assumes $259,000 down (20%), a $1,036,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 14, 2026 at 12:15 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.