2229 42nd Ave SW $5,500,000


    2229 42nd Ave SW West Seattle, WA 98116

    • 0 Beds
    • 0 Baths
    • 14,616 sq.ft.
    • Multi-Family
    • Listing# 1517692
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    Views: 299 Days On Market: 160

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    Property Details

    Arctic Manor Apartment is a 15 unit, 3 level brick building in the very desirable North Admiral area of West Seattle. Most of the units have updated bathrooms, kitchen countertops and flooring. Windows and sliding glass doors have all been updated to vinyl framed. Electrical panels were all recently replaced. New sewer line. Top quality PVC Membrane Roof. Assigned parking space for each unit. Storage and bike storage areas for tenants. Turn-key opportunity, first time on the market in 43 years.

    • General Features
      • County King
      • County King
      • Lot Details Alley, Paved Street, Sidewalk
      • Lot Square Footage 10,218
      • Number of Stories 3
      • Number of Units 15
      • Selling Office Commission 2%
      • Style 56-10+ Units
      • View City
      • Year Built 1965
    • Building Features
      • Roof Flat
      • Exterior Brick
      • Amenities Basement, Coin Op Laundry, Storage
      • Approx SqFt 14,616
      • Floor Covering Ceramic Tile, Laminate Hardwood, Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $23,555
      • Net Operating Income $231,033
      • Gross Scheduled Income $282,660
      • Gross Adjusted Income $282,660
      • Total Expenses $51,627
      • Other Expenses $5,315
      • Insurance Expenses $5,444
      • Expenses $51,627
      • Heating Expenses $0
      • Electrical Expenses $1,145
      • Gross Rent Multiplier 19
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $29,693
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Water Company City of Seattle
      • Sewer Company Sewer Connected
    • Schools
      • School District Seattle



    98116 (West Seattle) Demographics

    42 Median Age
    8,537 Population Density (per sq. mile)
    70% College Educated
    $87,305 Estimated Median Income
    6,766 Estimated Total Home Owners
    5,094 Estimated Total Renters
    57% / 43% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    25,234 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $719,500 Median Sales Price
    22 Homes Sold
    33 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $5,500,000
        1/31/2020 3:03:38 PM Price Reduced Source New Value: $5,500,000 -6.78%
        9/11/2019 2:51:00 PM New in Database Source New Value: $5,900,000

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        This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2020. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.