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Andy Holmstrom

andy.holmstrom@exprealty.com +1(360) 421-9542

Listed by:Inspire Realty • Autumn Allen

$638,000

Est. payment - /mo

3 Beds

2 Baths

1,250 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,250 sqft

Price per Sqft $510

Subdivision South Park

MLS Listing ID 2432506

Style 52 - Duplex

Bedrooms 3

Year Built 1905

Annual Tax Amount $4,728

Lot Size 4,500 Sqft

Property Sub-Type Multi Family

Property Description

INVESTOR & HOUSE-HACKER ALERT: LR3 Zoned Cash-Flow! Seize this rare opportunity to own a high-yield, well-maintained asset with a 6.5% Cap Rate and the last developable lot on a quiet, redeveloped dead-end street. This unique property features two detached cottages—a roomy 2-bed/1-bath front unit and a 1-bed/1-bath rear unit with a private double driveway and new security gate—offering maximum privacy with no shared walls. Generating $3,822/mo in total income, the asset includes a contractual 5% rent increase in May 2026. The 4,500 SF lot is zoned LR3, surrounded by beautiful new townhomes, providing a massive future development play. Seller is offering $15,000 in Buyer Incentives, perfect for a 2-1 interest rate buy-down to maximize your day-one cash flow. Updates include newer paint, flooring, appliances, and an effective year built of 2022. Easy access to transit and neighborhood amenities. Seller 1031 exchange—make an offer today!

Location

State WA

County King

Area 140 - West Seattle

Interior

Flooring Vinyl, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Cement Planked

Amenities Available Fenced-Fully

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Alley, Curbs, Dead End Street, Paved, Secluded, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Andy Holmstrom

+1(360) 421-9542

Agent | License ID: 80279

Agent License ID: 80279

547 S Sullivan ST Seattle, WA 98108

Andy Holmstrom

Key Details

Location

Interior

Exterior

Building

Schools

Others

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