1st time on market since it was built in 1991, the Chalet is a rare opportunity to own a quality mixed-use building in a popular residential area of Maple Leaf. 5 townhome units, 1 studio w private balcony, & 2 commercial spaces. Generously-sized at approx. 1200 sf, the TH units feat 2-beds/1.5-bh offering an abundance of natural light. The commercial office suites have to 2 private restrooms & addtl storage. Well-maintained w/ secure street-level garage parking. Common laundry w/ 2 sets of leased W/D. Fully rented w/ low historic vacancy. This is the perfect opportunity for an investor to realize significant rental upside & maximize rental income through a light value-add renovation & taking advantage of additional efficiencies.
Sold
Listed by:
Dea Sumantri,
Lee & Associates Commercial RE,
Christopher Larsen,
Lee & Associates Commercial RE
Bought with: Westlake Associates, Inc.
$2,480,000
8320 5th Avenue NE, Seattle, WA 98115
--beds
--baths
--sqft
Multi Family
Built in 1991
-- sqft lot
$2,462,300 Zestimate®
$--/sqft
$2,847 Estimated rent
Home value
$2,462,300
$2.24M - $2.71M
$2,847/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 05, 2024 at 05:47am
Offers reviewed: Jul 19
Listed by:
Dea Sumantri,
Lee & Associates Commercial RE,
Christopher Larsen,
Lee & Associates Commercial RE
Bought with:
Jeff Ayers, 23034388
Westlake Associates, Inc.
Source: NWMLS,MLS#: 2133414
Facts & features
Interior
Heating
- Forced Air
Cooling
- Other – See Remarks
Features
- Flooring: Vinyl, Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 5
- Covered spaces: 5
Features
- Patio & porch: Wall to Wall Carpet
- Has view: Yes
- View description: Territorial
Lot
- Size: 6,120 sqft
- Dimensions: 6120
- Features: Curbs, Paved, Sidewalk, Deck, Gas Available, High Speed Internet
Details
- Parcel number: 2878600400
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cement Planked
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1991
- Major remodel year: 2005
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & neighborhood
Location
- Region: Seattle
- Subdivision: Maple Leaf
Other
Other facts
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 622 days
Price history
| Date | Event | Price |
|---|---|---|
| 9/29/2023 | Sold | $2,480,000-1.2% |
Source:  NWMLS #2133414 | ||
| 8/14/2023 | Pending sale | $2,510,000 |
Source: NWMLS #2133414 | ||
| 7/5/2023 | Listed for sale | $2,510,000 |
Source: NWMLS #NWM2133414 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $23,280 -22.2% | $2,386,100 -24.7% |
| 2023 | $29,940 +13.9% | $3,169,800 +2.5% |
| 2022 | $26,283 +4% | $3,093,100 +13% |
Find assessor info on the county website
Neighborhood: Maple Leaf
Nearby schools
GreatSchools rating
- 7/10Olympic View Elementary SchoolGrades: K-5Distance: 0.6 mi
- 8/10Jane Addams Middle SchoolGrades: 6-8Distance: 2 mi
- 10/10Roosevelt High SchoolGrades: 9-12Distance: 0.9 mi
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$2,462,300
2% more+ $49,246
With Zillow Showcase(estimated)
$2,511,546