12348 33rd Avenue NE, Seattle, WA 98125
- $1,870,000
- 5,875
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Safegate Real Estate.
- Sold Price
- $1,870,000
- List Price
- $1,920,000
- Status
- SOLD
- MLS#
- 2422481
- Closing Date
- Oct 24, 2025
- Days on Market
- 48
- Style
- 55 - 5-9 Units
- Finished SqFt
- 5,875
- Area Total SqFt
- 5875
- Annual Tax Ammount
- 15697
- Lot Size (sq ft)
- 6,600
- Sewer
- Sewer Connected
Property Description
There is attractive seller financing available: $600,000 down, 5.0% interest only for years 1 to 2, and 5.5% interest only for years 3 to 5 on a five year term. The property features a strong unit mix of five 1BD/1BTH and three 2BD/1BTH apartments, plus 8 storage lockers, 12 off-street parking spaces, and an owned on-site laundry room—offering multiple income streams. All units feature a full appliance package with electric ranges, dishwashers, and refrigerators, as well as a deck or balcony.
Additional Information
- List Date
- 2025-09-06 00:00:00
- Community
- Lake City
- Net Operating Income
- $98,410
- Gross Adjusted Income
- $158,052
- Gross Scheduled Income
- $166,370
- Total Monthly Income
- $13,864
- Insurance Expenses
- $5,585
- Water/Sewer/Garbage Expenses
- $14,179
- Gross Rent Multiplier
- 11.54
- Total Expenses
- $59,641
- Cap Rate
- 5.13
- Vacancy Rate
- 5
- Total Number of Units
- 8
- Unit Name
- 12348
- Potential Terms
- Cash Out, Conventional, Owner Financing
- Year Built
- 1967
- Roof
- Composition
- Other Expenses
- 24180
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $13,864
- Gross Scheduled Income
- $166,370
- Vacancy Rate
- 5
- Gross Adjusted Income
- $158,052
- Tax Year
- 2025
- Insurance Expense
- $5,585
- W/S/G Expenses
- $14,179
- Total Expenses
- $59,641
- Net Operating Income
- $98,410
- Gross Rent Multiplier
- 11.54
- Cap Rate
- 5.13
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.