711 21st AVE new to site Save Request In-Person Tour Request Virtual Tour
Seattle,WA 98122
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,036 sqft
Price per Sqft $380
Subdivision Central Area
MLS Listing ID 2417426
Style 55 - 5-9 Units
Bedrooms 18
Year Built 1900
Annual Tax Amount $19,368
Lot Size 7,200 Sqft
Property Sub-Type Multi Family
Property Description
Rare Central District 6-Unit w/ Upside + LR2 Rezone Potential Exciting opportunity to own a well-located 6-unit in one of Seattle's most dynamic neighborhoods. Sits on a 7,200 SF lot with proposed LR2 zoning, offering solid in-place income plus redevelopment potential. Mix of 2-, 3-, and rare 4-bedroom layouts. Major 2018 updates include rebuilt units, PEX plumbing, new electrical panels, vinyl siding/windows, and torchdown roof. Boost income with cosmetic upgrades, RUBS, and parking fees, pro forma cap rate of 6.7%+. Shared outdoor patio and surface parking add tenant appeal. Blocks to future light rail, Seattle U, and Swedish Cherry Hill. Professionally managed and maintained, a rare blend of income, location, and future flexibility.
Location
State WA
County King
Area 390 - Central Seattle
Interior
Flooring Ceramic Tile,Vinyl Plank,Carpet
Exterior
Exterior Feature Wood
Amenities Available Fenced-Partially
View Y/N No
Roof Type Torch Down
Building
Lot Description Alley,Curbs,Paved,Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional