5401 Baker Avenue NW, Seattle, WA 98107

$1,550,000
4,360
SqFt

Listing courtesy of Windermere Real Estate Co..

List Price
$1,550,000
Status
ACTIVE
MLS#
2246643
Days on Market
4
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
4,360
Area Total SqFt
4360
Annual Tax Ammount
15845
Lot Size (sq ft)
12,059
Sewer
Sewer Connected

Property Description

Spacious triplex in the desirable Greenwood Triangle, featuring large 1400+ sqft units, each with 2 bedrooms and 1.5 baths, and equipped with full-size washers and dryers. Two of the units have been recently updated, adding a modern touch to the property. The top unit includes a 2-car garage, making it an ideal owner’s unit, while the other units share a carport and benefit from ample off-street parking on a quiet dead-end street. All three units offer stunning views, enhancing their rent potential. With three separate electric meters, managing utilities is convenient and efficient. Additionally, two of the units are currently vacant, allowing for easy viewing. This property offers a unique blend of privacy, space, and investment potential.

Additional Information

List Date
2024-06-10 16:14:08
Community
Woodland Park
Net Operating Income
$74,073
Gross Adjusted Income
$98,040
Gross Scheduled Income
$103,200
Total Monthly Income
$8,600
Insurance Expenses
$1,452
Water/Sewer/Garbage Expenses
$5,400
Gross Rent Multiplier
15
Total Expenses
$23,967
Cap Rate
4.7
Vacancy Rate
5
Total Number of Units
3
Unit Name
5401
Potential Terms
Cash Out, Conventional
Year Built
1961
View
Mountain(s), Territorial
Roof
Torch Down
Site Features
Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet
Electric Expenses
300
Energy Source
Electric
School District
Seattle
Elementary School
West Woodland
Middle School
Hamilton Mid
High School
Ballard High
Total Monthly Income
$8,600
Gross Scheduled Income
$103,200
Vacancy Rate
5
Gross Adjusted Income
$98,040
Tax Year
2021
Insurance Expense
$1,452
W/S/G Expenses
$5,400
Total Expenses
$23,967
Net Operating Income
$74,073
Gross Rent Multiplier
15
Cap Rate
4.7
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