Excellent investment opportunity located on a quiet, dead-end street near Alaska & Morgan Junction amenities, Fairmount Park, & w/easy access to the West Seattle bridge. This well-maintained 4-plex includes 2 bed, 1 bath end-units approx 820 SF, all w/good natural light, functional layouts, a small deck or yard, & in-unit W/D. Enjoy solid income w/the ability to improve operations, renovate on turnover, or potential to owner-occupy. Find an attached 2-car garage & sizable storage areas + an additional 6-8~ tandem parking off the alley. The 6,545 SF street-to-alley LR2(M) lot provides future development potential. Recent improvements include exterior paint & reglazing 36 windows. This is a flexible asset w/ multiple investment strategies.
Sold
Listed by:
Thomas Cowan,
Windermere Real Estate Co.
Bought with: KW Mountains to Sound Realty
$1,365,000
5221 38th Avenue SW, Seattle, WA 98126
8beds
4baths
3,280sqft
Quadruplex
Built in 1954
-- sqft lot
$1,411,100 Zestimate®
$416/sqft
$2,339 Estimated rent
Home value
$1,411,100
$1.24M - $1.59M
$2,339/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 07, 2025 at 04:02am
Listed by:
Thomas Cowan,
Windermere Real Estate Co.
Bought with:
Tim McQuery, 16811
KW Mountains to Sound Realty
Source: NWMLS,MLS#: 2344856
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl, Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,280
- Total interior livable area: 3,280 sqft
Property
Parking
- Total spaces: 8
- Parking features: Open
- Covered spaces: 2
- Uncovered spaces: 6
Lot
- Size: 6,547 sqft
- Features: Curbs, Dead End Street, Paved, Sidewalk, Value In Land
Details
- Parcel number: 3259400055
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1954
- Major remodel year: 1987
Utilities & green energy
- Electric: Company: Seattle City Light
- Sewer: Sewer Connected, Company: Seattle Public Utilities
- Water: Company: Seattle Public Utilities
Community & neighborhood
Location
- Region: Seattle
- Subdivision: Fairmount
Other
Other facts
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 9 days
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2025 | Sold | $1,365,000-0.7%$416/sqft |
Source:  NWMLS #2344856 | ||
| 5/8/2025 | Pending sale | $1,375,000$419/sqft |
Source: NWMLS #2344856 | ||
| 4/30/2025 | Listed for sale | $1,375,000+5.8%$419/sqft |
Source: NWMLS #2344856 | ||
| 2/17/2025 | Listing removed | $2,339$1/sqft |
Source: Zillow Rentals | ||
| 2/8/2025 | Listed for rent | $2,339+33.7%$1/sqft |
Source: Zillow Rentals | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $11,884 -6.5% | $1,160,000 -9.4% |
| 2023 | $12,705 +20.1% | $1,280,000 +9% |
| 2022 | $10,583 -3.8% | $1,174,000 +3.6% |
Find assessor info on the county website
Neighborhood: Fairmount Park
Nearby schools
GreatSchools rating
- 9/10Fairmount Park ElementaryGrades: PK-5Distance: 0.2 mi
- 9/10Madison Middle SchoolGrades: 6-8Distance: 1.4 mi
- 7/10West Seattle High SchoolGrades: 9-12Distance: 1.5 mi
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$1,411,100
2% more+ $28,222
With Zillow Showcase(estimated)
$1,439,322