914 W Emerson Street, Seattle, WA 98119

$6,875,000
10,350
SqFt

Listing courtesy of Windermere Real Estate Midtown.

List Price
$6,875,000
Status
ACTIVE
MLS#
1834079
Days on Market
148
Style
55 - 5-9 Units
Building Condition
Very Good
Finished SqFt
10,350
Lot Size (sq ft)
8,800

Property Description

If you’ve been looking for a comprehensive addition to your investment portfolio, look no further! Located on the north side of Queen Anne just two blocks from the Seattle Pacific University campus, these 5 standalone rooming houses offer limitless potential to generate rental income. Built in 2020 and certified 4-Star Built Green with contemporary finishes, full appliance packages, plus conveniences like ductless mini-splits providing high-efficiency heat & A/C, each home offers 8 rentable bedrooms, 2 bathrooms, spacious common areas plus in-unit laundry. With easy access to Ballard, Fremont, & downtown, plus miles of bike paths along the Burke-Gilman via the Ship Canal Trail, here’s your chance to capitalize on this unique opportunity.

Additional Information

List Date
2021-09-02 18:56:09
Community
Queen Anne
Potential Terms
Cash Out, Conventional
Year Built
2020
View
Territorial
Roof
Flat
Site Features
Cable TV, Fenced-Partially, High Speed Internet
School District
Seattle
Elementary School
Queen Anne
Middle School
Mc Clure Mid
High School
Lincoln High
Total Monthly Income
$30,000
Gross Scheduled Income
$360,000
Vacancy Rate
2
Gross Adjusted Income
$352,800
Tax Year
2021
Insurance Expense
$6,000
W/S/G Expenses
$30,000
Total Expenses
$70,850
Net Operating Income
$281,950
Gross Rent Multiplier
19
Cap Rate
4.1
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