8309 5th Avenue NE, Seattle WA, 98115
(Active)
$4,600,000
|
13,700 sqft
|
MLS# 2221698
Last Updated: 5/19/2024 5:01 PM
Description for
8309 5th Avenue NE
Seattle, WA 98115
5th Ave Manor presents an exceptional opportunity for investors seeking ownership of a prestigious building in a highly sought-after residential locale, characterized by a scarcity of rental accommodations. With its strategic location and potential for value-add enhancement through modest kitchen, flooring, and appliance upgrades, 5th Avenue Manor promises lucrative returns. Following these enhancements, a new owner can anticipate achieving a stabilized Market CAP of 5.60%. Nestled nearby the scenic Green Lake Park, renowned for its myriad recreational pursuits, this coveted address offers seamless access to the University of Washington, the bustling South Lake Union Tech Core, and the vibrant Northgate shopping and entertainment hub.
Price
$4,600,000
Northgate
King
13,700 (approx)
2221698
Active
Description
5th Ave Manor presents an exceptional opportunity for investors seeking ownership of a prestigious building in a highly sought-after residential locale, characterized by a scarcity of rental accommodations. With its strategic location and potential for value-add enhancement through modest kitchen, flooring, and appliance upgrades, 5th Avenue Manor promises lucrative returns. Following these enhancements, a new owner can anticipate achieving a stabilized Market CAP of 5.60%. Nestled nearby the scenic Green Lake Park, renowned for its myriad recreational pursuits, this coveted address offers seamless access to the University of Washington, the bustling South Lake Union Tech Core, and the vibrant Northgate shopping and entertainment hub.
Listing Information
| Property Type: Multi-Family, 3+ Story | ||
| 0.26 Acres | 13,700 (approx) | 1969 |
| Yes-6 spaces | 3 | Brick,Wood |
| Multi-Family | ||
Northgate
Sewer Connected
Neighborhood
School Information
| District: Seattle | ||
Room Information
Interior Features
Hardwood, Vinyl, Laminate, Carpet
None
Electric Heating,
Baseboard
Laminate Hardwood,Wall to Wall Carpet
Exterior / Lot Features
6 Carport Spaces,
15 Parking Spaces,
Wood, Brick
Flat
Driving Directions
From I5 S take exit 169 toward NE 50th. Keep Right at fork. Merge onto 5th Ave NE. Right on NE 50th. Right on Latona Ave NE. Right on NE 54th. Right on 5th Ave NE. Property is on the right.
Financial Considerations
| 2061100055 |
| $39,678 |
Conventional
Listing Price History
Seattle Real Estate
Seattle is located in Washington. Seattle, Washington 98115 has a population of 758,862.
The median household income in Seattle, Washington 98115 is $120,982. The median household income for the surrounding county is $102,088 compared to the national median of $66,222. The median age of people living in Seattle 98115 is 41 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/10/2024 | Active | $4,600,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $39,629 USD | - | $4,620,000 USD | - |
| 2022 | $39,629 USD | -10.19% | $4,620,000 USD | -1.76% |
| 2020 | $44,123 USD | 20.66% | $4,703,000 USD | 11.47% |
| 2019 | $36,567 USD | 2.40% | $4,219,000 USD | - |
| 2018 | $35,711 USD | 15.69% | $4,219,000 USD | 17.98% |