Listing Provided Courtesy Of:
Pilot Ventures LLC and NWMLS
Address
4230 8th Avenue NE Seattle, WA
Price
$ 4,300,000
Property Attributes
  • ID#1731263
  • TypeMulti-Family
  • CountyKING
  • CitySeattle
  • AreaNorth Seattle
  • NeighborhoodUniversity District
  • Zip98105
  • Style10+ Units
  • Year Built1981
  • Taxes$ 30692
  • Price$ 4,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6884
  • Lot Size4,748 SqFt
Listing Provided Courtesy Of:
Pilot Ventures LLC and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

The Pinetree Apartments are strategically located in the U-District neighborhood, approximately 5 blocks from the new Light Rail Station scheduled to open this year. Walk score of 96 (Walkers Paradise) and transit score of 78 (Excellent). Well-maintained and poised for additional revenue growth via rent increases, consistent utility billback fees, parking rent, and laundry income. Built in 1981, the property consists 13 units with an average size of 573 sf: five 1-bed, four 2-bed units, one 3-bed 1-bath, and one 3-bed 1.75 bath. The building is wood framed with copper plumbing, vinyl windows, electric baseboard heat, and 12 parking spaces. Two units are townhouse style which has been well received in this submarket.

Elementary School Middle School High School
Green Lake Elementary School Hamilton Mid Lincoln High
Price History
2/19/2021 Listed $4,300,000

General Features

Amenities Coin Op Laundry
Building Area Units Square Feet
Carport Spaces 4
Carport Y/N No
City Seattle
County King
Directions I-5 to NE 45th St (University of Washington). Head East on NE 45th, then South on 8th Ave NE. Property is on the East side of the street. Street parking.
Electric Expense 10000
Elementary School Green Lake
Exterior Features Wood, Wood Products
High School Lincoln High
High School District Seattle
Insurance Expense 2580
Leasable Area 7450
MLS Area 710 - North Seattle
Middle/Junior High School Hamilton Mid
Net Operating Income 171975
New Construction No
Open Parking Spaces 8
Possession Closing, Tenant's Rights
Property Style 56 - 10+ Units
Property SubType Multi-Family
Property Type Residential Income
Roof See Remarks
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name 8th
Structure Type Multi Family
Subdivision Name University District
Tax Annual Amount 30692
Tax Year 2020
Terms Cash Out, Conventional
Total Units 13
Units Below Grade false
Units In Building Total 13
Utilities Cable Connected, High Speed Internet, Sewer Connected, Electricity Available
Water Sewer Garbage 7365
Year Built 1981

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric
Street Suffix Avenue
Total Stories 4

Exterior Features

Building Area Total 6884
Irrigation Water Rights Y/N No
Lot Features Curbs, Paved, Sidewalk
Lot Size Acres 0.109
Lot Size Square Feet 4750
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 8
Site Features Cable TV, High Speed Internet
Total Parking 12
View Y/N No
Water Source Public
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98105

Price
AVG $3.05M
$4.3M
Taxes
AVG $19,524
$30,692
Visits
AVG 111
348
Year Built
AVG 1971
1981
Walkscore
AVG 95
96
Data Provided by Walkscore ® not using MLS data

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