914 N 40th Street, Seattle, WA 98103
- $1,499,995
- 3,192
- SqFt
Listing courtesy of Kelly Right RE of Seattle LLC.
- List Price
- $1,499,995
- Status
- ACTIVE
- MLS#
- 2428505
- Days on Market
- 269
- Style
- 54 - 4-Plex
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 3,192
- Area Total SqFt
- 3192
- Annual Tax Ammount
- 13230
- Lot Size (sq ft)
- 4,160
- Sewer
- Available
Property Description
Classic Fremont Fourplex – A charming, rock-solid century-old brick apartment building featuring four oversized 1-bedroom units, each with its own private entrance. Units include spacious living and dining rooms, updated kitchens with dishwashers, fireplaces, hardwood floors, and timeless old-world character. The top-floor units boast enclosed patios with territorial views. The property includes a massive full basement with abundant storage, coin-operated laundry, and new forced-air gas furnaces. Situated on a desirable corner lot with alley access, it also offers off-street parking. All four units are currently leased, providing immediate income stability.
Additional Information
- List Date
- 2025-11-01 22:42:11
- Community
- Fremont
- Net Operating Income
- $92,500
- Gross Adjusted Income
- $99,000
- Gross Scheduled Income
- $99,000
- Total Monthly Income
- $8,150
- Insurance Expenses
- $4,647
- Water/Sewer/Garbage Expenses
- $3,800
- Gross Rent Multiplier
- 15.2
- Total Expenses
- $21,677
- Cap Rate
- 5.72
- Total Number of Units
- 4
- Unit Name
- 914
- Potential Terms
- Cash, Conventional
- Year Built
- 1914
- Roof
- See Remarks
- Energy Source
- Natural Gas
- School District
- Seattle
- Elementary School
- Bf Day
- Middle School
- Hamilton Mid
- High School
- Lincoln High
- Total Monthly Income
- $8,150
- Gross Scheduled Income
- $99,000
- Gross Adjusted Income
- $99,000
- Tax Year
- 2024
- Insurance Expense
- $4,647
- W/S/G Expenses
- $3,800
- Total Expenses
- $21,677
- Net Operating Income
- $92,500
- Gross Rent Multiplier
- 15.2
- Cap Rate
- 5.72
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.